Saint-Gobain : A solid quarter
>Not such a bad Q3, both for volume and prices - Q3 2022 sales came to € 12.92bn (+19.6% in reported terms and +13.4% like-for-like, with prices +15%). The consensus sales forecast was 2.5% higher at € 12.6bn. The group recorded a volume effect of -1.6%, marginally better than our estimate of -3.5%. This figure was not that bad in view of the context and after -2.2% in Q2, as well as a negative working days effect of 0.5% in Q3. The price effect was significant at 15%...Compagnie de Saint-Gobain manufactures, produces, and distributes industrial materials. Co.'s activities are divided into four sectors: Innovative Materials (Co. makes, processes and sells glass and glazing products for the building, the automotive and solar energy industries; Co. also manufactures Ceramics and Plastics, Abrasives, and Textiles), Construction Products (Co. offers products for the Insulation, Gypsum, Exterior Products, Pipe and Industrial Mortars), Building Distribution (Co. distributes building materials (plumbing, heating and sanitaryware products) and ceramic tiles), and Packaging - Verallia (Co. manufactures glass containers and jars for foodstuffs and beverages).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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