Saint-Gobain : Momentum still going strong
>Operating profit >3% ahead of estimates and very good FCF - 2022 operating profit ahead of expectations at € 5,337m or up +11.7% l-f-l and +18.4% reported (see the table on the next page). Operating profit was driven by very good performances across all divisions and a positive price/cost effect in both halves of the year (price increases of 14.6% over the year and +13.8% in H2). The margin increased 22bp to 10.4%, and 23bp in H2 (9.9%). The group expected l-f-l grow...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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