Saint-Gobain : Nothing new under the sun in renovation
>Q3 revenues consistent with announcements made at CMD - Q3 2021 revenues of € 10.802bn (+6.7% in real terms, +9.4% l-f-l with 8.7% of price effect). The group had already pre-announced a price effect of 8% and a volume effect of 1% at the time of its CMD. It posted a slow-up in its growth by volume to stem soaring energy costs (€ 1.5bn on the year with € 1.1bn in H2). In Q3, the less favourable base effects are beginning to show through (see table on page 2). Volumes...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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