Saint-Gobain : On the road to redemption
>Another historic and solid H1 - Operating income reached € 2,813m in H1 versus a consensus of € 2.6bn (8%) and a ODDO BHF estimate of € 2,673m (5%). It was driven by solid momentum in the HPS division, in Asia-Pacific and in the Americas. On the other hand, the figures fell in Northern Europe and were almost flat in Southern Europe (thermal renovation effects). The groupwide price-cost spread remained positive. All the segments exceeded our expectations except for So...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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