Saint-Gobain : Q3 sales in line amid less supportive business trends
>Organic growth 3.1%, in line with estimates - Q3 2019 sales € 10,794m (+4.4% headline and +3.1% like for like). The consensus was looking for organic growth of 3.3%. Sales increased in all divisions and operating regions (on the back of pricing changes). Sales volumes were up 1.7% in Q3, versus -0.5% in Q2 and 3.1% in Q1. Gains from the price mix were a respectable 1.4% in Q3 versus 2.0% in Q2 and 2.6% in Q1. France is still a strong market, with sales rising by 3.9%...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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