Saint-Gobain : Healthy H1 2019 and cost savings increased by € 30m in 2019
>EBIT 3% ahead of consensus forecasts - H1 EBIT at € 1.638bn (consensus at € 1.590bn and ODDO BHF at € 1.596bn). As expected, the group benefited from advantageous comparison effects (strikes in Brazil and halts for maintenance of glass floats in H1 2018). On a like-for-like basis, EBIT was up 8.3% vs. around 3% on our estimates, driven by northern and southern Europe (see details on page 2). EBIT margin narrowed in SHP to 13% vs. 14.4% in H1 2018 (still dynamic indus...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.