Saint-Gobain : Very good cash flow in 2019
>Operating profit marginally higher than forecasts (1.1%) - 2019 operating profit slightly higher than consensus at € 3,390m, i.e. +4.7% l-f-l of which 1.6% in H2 (see table on following page). Operating profit was driven by southern Europe and northern Europe offsetting the slight contraction in HPS and the Americas. As mentioned by the CEO at the conference call on Q3, the group maintained the HPS margin at 12.5% in H2. Cash flow deserves a special mention - it rose...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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