Saint-Gobain : Feedback from the analysts’ meeting: signs of change …
>Optimism and guidance maintained - Overall, the group appeared relatively sanguine for the rest of 2018, as it thinks that the exceptional items of H1 are now well behind it (repair of glass floats and industrial action in Brazil). Pierre-André de Chalendar (CEO) indicated that the margin for the glass division would be normalised in Q4 2018 and on the way to being normalised in Q3.Consensus should remain unchanged (Saint-Gobain’s 2018 consensus at € 3.150bn). O...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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