Compagnie de Saint-Gobain SA (XAMS:SGO)
€ 26.11 0 (0%) Market Cap: 44.32 Bil Enterprise Value: 53.37 Bil PE Ratio: 15.82 PB Ratio: 1.88 GF Score: 75/100
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Q3 2021 Compagnie de Saint Gobain SA Corporate Sales Call Transcript

Oct 28, 2021 / 04:30PM GMT
Release Date Price: €26.11
Benoit Bazin
Compagnie de Saint-Gobain S.A. - COO, CEO & Director

Thank you. Good evening, everybody. I hope that you have received our press release and that you have been able to go through the main highlights. Let me sum up our strong third quarter sales performance. We saw a sequential acceleration in organic growth in the third quarter, up 13.3% compared to 2019, a faster rate of growth than the 11.9% we had seen in the first half.

Good trends continued in renovation in Europe, construction in the Americas and Asia Pacific as well. Importantly, we were successful in increasing prices further with an acceleration to 8.7% in Q3 versus 2020. We took an active decision to prioritize pricing over volumes, given the very inflationary context, but still achieved volumes up 3.6% versus 2019.

Once again, we are confirming our full year guidance, 2021 will be a new record high for Saint-Gobain in terms of results. I am very confident about the strength that the group is demonstrating and all the actions that we are taking to deliver great results in a volatile environment.

We

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