Saint-Gobain : Ongoing momentum
>Feedback on H1 earnings - Our comments on H1 earnings can be found in our flash of 26 July (Another record margin and hopes remain high). Management conveyed a reasonably confident stance based on the performances achieved over the last few years and the transformation successfully delivered (despite volume weakness). The CEO displayed a certain degree of optimism given the comps and the sequential improvement in several markets (‘the worst is behind us’ and volumes ...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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