Report
Sven Edelfelt

Saint-Gobain : Prepare for the worst and hope for the best

>The coronavirus shock has become a major financial shock - With the fall in share prices, the widening of credit spreads and the increase in volatility, the tightening of financial conditions has reached proportions not seen since 2008. The public health crisis complicates the organisational and managerial changes. The group’s balance sheet looks sufficiently solid to absorb a major shock. We modelled this shock via a 15% reduction in volumes over the year, a compres...
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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