Saint-Gobain : Q3 set to be solid pending Q4, the big unknown...
>H1 operating profit 10% > consensus and cash flow up +143% - H1 operating profit came to € 827m, i.e. 10% above the consensus (consensus at € 750m and ODDO BHF € 680m). Like-for-like, operating profit was down 49.2% versus 1e57%e for our estimates. The HPS (-5.6bp) and southern Europe (-3.3bp) divisions showed the biggest margin declines (negative industrial markets in June and strict lockdowns in southern Europe). Asia Pacific continues to be penalised by a competiti...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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