Saint-Gobain : Do not lose sight of fundamentals…
>Operating profit above forecasts and price/cost spread of € 60m in 2021 - Operating profit beat forecasts in 2021 at € 4.51bn, up 39% like-for-like and 60% on a reported basis (see table below). Operating profit was driven by the top-line recovery in all divisions, especially construction, whose price effect beat all records. In the full year, the margin widened by 270bp to 10.2%, but as expected it weakened in H2 by 30bp to 9.7%. The price/cost spread was positive a...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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