Saint-Gobain : A good Q3 and promise for the future
>Organic growth of 3.1% higher than expected - Q3 2020 sales came to € 10,127m (-6.2% reported and +3.2% l-f-l). The consensus forecast was for organic growth of 1.0% with 0.7% for volumes. The group showed growth across all divisions and regions with the exception of the SHP division and Asia Pacific (see the table on page 2). Sales volumes grew 2.3% in Q3 after contracting -19.4% in Q2 and -5.5% in Q1. The price mix effect was satisfactory at 0.9% in Q3 after 0.2% i...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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