Saint-Gobain : Momentum up and running
>Unwavering optimism - We commented on the Q2 results in our flash on 27/07 (“On the road to redemption”). The key takeaways from the conference call in our view are below. Management is optimistic about H2, their confidence rooted in the outlook for renovation (volume growth still expected in 2023), their capacity to hedge inflation (double-digit margin in 2023) and a stabilisation in the negative trends in Europe (especially northern Europe) seen for more than a yea...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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