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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Saint-Gobain    SGO   FR0000125007

SAINT-GOBAIN

(SGO)
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Real-time Quote. Real-time Tradegate - 12/16 09:10:20 am
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Saint Gobain : Construction materials group St. Gobain's first half profits rise

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07/25/2019 | 01:27pm EST

PARIS (Reuters) - Profits at French construction materials group Saint-Gobain improved in the first half of the year as the company intensified its cost-cutting and benefited from stronger activity in its main markets.

First-half revenues rose 4.3% from a year ago to 21.67 billion euros (£19.32 billion), while earnings before interest, taxes, depreciation and amortization (EBITDA) advanced by 8.4%.

"The group's results progressed significantly, driven by continued upbeat trends on our main markets, a positive price-cost spread and excellent advances in our transformation plan," said Saint-Gobain's CEO Pierre-Andre de Chalendar.

"The group is confirming its objectives for full-year 2019 and for the second half, in a less supportive market overall, expects a like-for-like increase in operating income versus the second-half of 2018," he added.

He highlighted the good performance of the company's businesses in northern Europe and in the Asia-Pacific area.

The company said it cut costs worth 155 million euros compared to the first half of 2018, and reiterated it expects to unlock additional savings of around 300 million euros.

Saint-Gobain will also stick with its program of acquiring new businesses with the proceeds of the sales of underperforming units, while it also intends to sell assets representing annual revenues of 3 billion euros.

(Reporting by Gilles Guillaume and Inti Landauro; Editing by Sudip Kar-Gupta)

Stocks mentioned in the article
ChangeLast1st jan.
SAINT-GOBAIN 1.72% 38.77 Real-time Quote.30.53%
SIKA AG 1.26% 180.3 Delayed Quote.42.86%
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Financials (EUR)
Sales 2019 42 844 M
EBIT 2019 3 422 M
Net income 2019 1 736 M
Debt 2019 9 418 M
Yield 2019 3,69%
P/E ratio 2019 11,8x
P/E ratio 2020 11,0x
EV / Sales2019 0,70x
EV / Sales2020 0,70x
Capitalization 20 685 M
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Technical analysis trends SAINT-GOBAIN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 41,91  €
Last Close Price 38,07  €
Spread / Highest target 32,7%
Spread / Average Target 10,1%
Spread / Lowest Target -20,1%
EPS Revisions
Managers
NameTitle
Pierre-André de Chalendar Chairman & Chief Executive Officer
Benoît Bazin Chief Operating Officer
Sreedhar Natarajan Chief Financial Officer
Armand Ajdari Vice President-Innovation, Research & Development
Frédéric Verger Chief Information Officer
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