Report
Sven Edelfelt

Saint-Gobain : Très bon niveau de cash-flow en 2019

>ROP marginalement au-dessus des attentes (1.1%) - Résultat opérationnel 2019 légèrement au-dessus du consensus à 3 390 M€ soit +4.7% à pcc dont 1.6% au S2 (voir tableau page suivante). Le ROP a été tiré par l’Europe du Sud et du Nord compensant la légère baisse dans les SHP et les Amériques. Comme le mentionnait le CEO lors du call T3, le groupe a maintenu, la marge SHP à 12.5% au S2 ! Mention spéciale pour le cash-flow à 1 857 M€ en progression de 50%. Effet « Sreed...
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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