Saint-Gobain : Q3 in line and guidance revised upwards
>Sales in line (volumes -5% and prices +2% in Q3) - Sales came to € 11,566m in Q3 2023 (-10.5% in real terms, -3.1% l-f-l of which a price effect of +1.9%), in line with the consensus of € 11.5bn (+0.6%). The group registered a volume effect of -5.0%, in line with our forecast of -4.7%. This figure is not too bad given the circumstances and following -7% in Q2, especially considering the negative working day effect of -2.0% in Q3. The price effect came to +1.9% due to...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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