Saint Gobain shares lose ground after 'fairly in-line' H1 results

Compagnie de Saint Gobain SA

01/08/2025 09:03

** Shares in Saint Gobain SGOB.PA fall more than 4% after the French construction company reported H1 results in line with expectations on Thursday

** "The market might be slightly disappointed at first by this given the company's track record in beating expectations," J.P.Morgan says

** The company confirms outlook for 2025 after 3.4% growth in H1 sales in local currencies and EBITDA of EUR 3.82 billion ($4.36 billion), which JPM says are "fairly in-line"

** The real clincher will be whether management reiterates its view for volumes to turn positive in H2 during Friday's call, the brokerage adds

** Up to the previous session's close, shares in Saint Gobain were up 17%​ YTD

($1 = 0.8757 euros)

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com;))