Saint-Gobain : The future is solid, the past is liquid
>Recurring operating profit 2.0% > expectations and FCF stable at € 3.9bn - 2023 operating profit came in above expectations at € 5,251m, down 1.6% as reported (see table on next page). Operating profit was driven by a very good performance across all divisions and positive price/cost impacts (price rises of 4.6% over the year and +1.4% in H2). The margin increased by 60bp to 11.0%, and by 70bp in H2 (10.6%). The group was guiding on a new record operating margin and ...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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