Saint-Gobain : A good start to the year
>Organic growth 1.5% higher than expected thanks to volumes - Q1 2019 sales came to € 10,378m (+6.3% on a reported basis and +5.7% LFL). The consensus expected 4.3% organic growth. All divisions and regions posted growth. Sales volumes rose 3.1% in Q1 after 1.4% in Q4. The price/mix effect was at a good level of 2.6% after 3.5% in Q4/Q3 and despite a tougher comparison base. France remained robust, especially in renovation and new builds (no slowdown yet according 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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