Saint-Gobain : A Q3 under the sign of inflation
>Sales in line with the consensus (3.1% l-f-l vs 3.5% est.) - Saint-Gobain reported Q3 2018 sales in line with our expectations and the consensus (see table on the following page). Sales totalled € 10,343m, +1.8% in real terms / +3.1% l-f-l (vs Oddo BHF’s estimate: € 10,250m est., +1.0%e in real terms/ +3.6% estimated l-f-l). Emerging countries posted the strongest performance at +7.1% in Q3 l-f-l (8.2% in Q2) but also France at +3.1% (4.8% in Q2).The group clear...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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