Saint-Gobain : No storms in July, should be a good year
>Another new record; H1 2022 EBIT 9.5% beat - H1 EBIT came to € 2,791m vs consensus of € 2,550m (+9.5%) and ODDO BHF Securities estimate of € 2,701m (+3.3%). Operating profit was fuelled by satisfactory trends in most markets, especially renovation in Europe and construction in North America and Asia (excluding China), a price effect boosted by value-added (price/cost gap remains positive) against a demanding comparison base for volumes. All divisions beat our estimat...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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