Report
Sven Edelfelt

Saint-Gobain : La distribution au "Karcher"

>Cession de la distribution en Allemagne - Saint-Gobain a conclu un accord en vue de céder l’intégralité de son activité de distribution en Allemagne (dont le principal actif est Raab Karcher) au groupe Stark (actifs scandinaves de Ferguson dans la distribution). Le prix de cession ressort à 335°M€, soit une VE/EBIT 2018 de 16x (30 pb d’amélioration de marge). Rappelons que Saint-Gobain avait déprécié cet actif de 212°M€ lors de la publication des résultats 2018 pour...
Underlying
Compagnie de Saint-Gobain SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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