Tear Sheet: Compagnie de Saint-Gobain

In the first nine months of 2023, like-for-like sales were stable compared to the same period in 2022, while they reduced 4.9% on a reported basis. All regions but Northern Europe posted organic growth. Pricing initiatives fully compensated for the drop in volumes, while negative currency effects and negative structure impacts were 2.2% and 2.7% respectively. Sales contracted to a larger extent in the third quarter, as the effects of price increases implemented in 2022 gradually faded, given the more difficult pricing comparison basis and the overall sequential price stability since the start of the year. A negative working day effect of about 2% also weighed negatively in the third quarter. S&P Global Ratings considers Saint-Gobain?s performance robust for the

...November 23, 2023 Compagnie de Saint-Gobain (Saint-Gobain) has recorded resilient topline performance despite macroeconomic headwinds and a weakening newbuild residential market in Europe. In the first nine months of 2023, like-for-like sales were stable compared to the same period in 2022, while they reduced 4.9% on a reported basis. All regions but Northern Europe posted organic growth. Pricing initiatives fully compensated for the drop in volumes, while negative currency effects and negative structure impacts were 2.2% and 2.7% respectively. Sales contracted to a larger extent in the third quarter, as the effects of price increases implemented in 2022 gradually faded, given the more difficult pricing comparison basis and the overall sequential price stability since the start of the year. A negative working day effect of about 2% also weighed negatively in the third quarter. S&P Global Ratings considers Saint-Gobain's performance robust for the sector, owing to Its strong geographical...

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