Saint-Gobain shares rise on 'strong start to the year'

Compagnie de Saint Gobain SA

25/04/2025 08:40

** Shares in Saint-Gobain SGOB.PA rise 3.5% after the French construction materials group posted Q1 revenue above estimates and confirmed FY outlook

** Reported Q1 revenues of 11.72 billion euros ($13.32 billion) were 1% ahead of a company consensus of 11.59 billion, as cited by J.P. Morgan

** "Strong start to the year with LFL performance comfortably ahead of expectations," says the brokerage

** JPM notes that the market was preparing for top-line downgrades

** "We think the risks are skewed to the upside on volume/pricing expectations," it adds

** JPM also points to the management's forecast of robust level of activity in the U.S. voiced during a post-earnings call on Thursday

** Stock among top risers on France's blue-chip CAC 40 Index .FCHI and SBF 120 .SBF120

** Highest share price in almost a month

($1 = 0.8802 euros)

 (Reporting by Michal Aleksandrowicz)

 ((michal.aleksandrowicz@tr.com))