Saint-Gobain : Passed the first test with flying colours
>Conference call review - We commented on the H1 results in our 30 July flash (“2021 is Saint-Gobain’s year!”), and after the conference call, we have the following remarks. Management is very optimistic about future growth given the need to reduce CO2 emissions of buildings in the EU. In our view, Benoit Bazin made a successful début as CEO, demonstrating what a good speaker he is: clear, pragmatic and ambitious. The group announced new price hikes and thinks it shou...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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