REG - Compagnie St-Gobain - Double-digit operating margin expected for H1 2023

Compagnie de Saint Gobain SAAnnouncement

08/06/2023 07:15

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RNS Number : 0877C  Compagnie de Saint-Gobain  08 June 2023

 

 

 

DOUBLE-DIGIT OPERATING MARGIN EXPECTED

FOR FIRST-HALF 2023

 

 

Saint-Gobain continues to demonstrate its resilience by achieving another high
operating performance level since the start of 2023, benefitting from the
pertinence of its strategic positioning at the heart of energy and
decarbonization challenges, and from the strength of its local organization by
country.

 

Amid a moderate market slowdown, which reflects a contrasting situation
between a marked decline in new construction and good resilience overall in
renovation, the Group confirms that it is targeting an operating margin of
between 9% and 11% in 2023, in line with the "Grow & Impact" strategic
plan target.

 

In first-half 2023, the Group expects a double-digit operating margin.

 

First-half 2023 results will be published on Wednesday July 26, 2023, after
market closing.

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs,
manufactures

and distributes materials and services for the construction and industrial
markets. Its integrated solutions for the renovation of public and private
buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation
process and provide sustainability and performance. The Group's commitment is
guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

€51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

 

 

 

 

 

 

 

 

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