Saint-Gobain : Being and nothingness
>Q1 2020 sales beat expectations by 3% - Q1 2020 sales reached € 9,363m (-9.8% in real terms, -4.9% LFL). The consensus expected to see an organic decline of -7% (ODDO BHF -8%). Sales fell in all regions and all divisions, except in the Americas where they were flat (see page 2 for details). Sales volumes contracted by -5.5% in Q1 after -1.7% in Q4 2019 and +1.7% in Q3 2019. The price-mix effect was 0.6% after coming to 1.3% in Q4/Q3 2019 due to deflationary condition...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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