Saint-Gobain : Thank goodness for price effects!
>Q1 sales up 5% l-f-l, beating the consensus of ~3% - Q1 2023 sales reached € 12.406bn (+3.3% in real terms, +4.7% l-f-l of which a price effect of 10.2% and a volume effect of -5.5%), thus beating the consensus for organic growth (2% expected). Whereas organic growth was again driven by prices, the group’s volumes contracted by 5.5% as they were penalised by challenging base effects (after -3.0% in Q4 and -1.6% in Q3) due to a steep downturn in new housing. Volumes f...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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