Report
Sven Edelfelt

Saint-Gobain : L’être et le néant

>CA T1 2020 au-dessus des attentes de 3% - CA T1 2020 à 9 363 M€ (-9.8% en réel et -4.9% à pcc). Le consensus tablait sur une baisse de l’activité en organique de -7% (ODDO BHF à -8%). Recul de l’activité dans tous les Pôles et les géographies à l’exception des Amériques stables (détails en page 2). Les volumes de ventes ressortent à -5.5% au T1 après un T4 à -1.7% et un T3 à +1.7%. Effet prix-mix à 0.6% après 1.3% au T4/T3 dans un contexte déflationniste. L’Europe du...
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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