|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||59.25 - 60.24|
|52 Week Range||43.99 - 62.14|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||11.32|
|Earnings Date||Feb 29, 2024|
|Forward Dividend & Yield||2.00 (3.36%)|
|Ex-Dividend Date||Jun 12, 2023|
|1y Target Est||70.20|
French construction materials group Saint-Gobain on Thursday reported a fall in third-quarter sales, roughly in line with expectations and weighed down by currency factors, acquisitions and divestitures, and weak volumes. In a call with journalists, Chief Executive Benoit Bazin linked the company's results to a "context of moderate slowdown" in its markets, "with a contrast between a marked fall in new construction and a generally resilient renovation sector". Though this year may be difficult for construction companies, as the housing market bears the brunt of aggressive rate hikes by global central banks, Jefferies sees potential for volume growth, market outperformance and resilience of margins for Saint-Gobain, it said in a preview of the firm's third-quarter sales.
BRUSSELS (Reuters) -French construction company Saint-Gobain on Wednesday said it does not see any financial impact from an EU antitrust investigation into a possible construction chemicals cartel involving several companies. The company had earlier said it was cooperating with EU antitrust regulators that had launched dawn raids a day earlier at the unnamed companies. "At this stage we see no reason to believe there will be a impact for Saint-Gobain," the company said in an email.
TotalEnergies' (TTE) latest agreement with Saint-Gobain to supply 100 MW of clean energy further expands its renewable energy footprint.