- Saint-Gobain’s operating income for the first half of 2024 was €2.75 billion, beating the estimate of €2.63 billion by 4.6%.
- EBITDA came in at €3.65 billion, slightly above the estimated €3.55 billion.
- Recurring net income fell by 6.3% year-on-year (y/y) to €1.71 billion, but missed the estimate of €2.49 billion.
- Net income increased by 14% y/y to €1.66 billion.
- Free cash flow grew by 12% y/y, reaching €2.46 billion.
- Second-quarter like-for-like sales dropped by 3.9%, closely aligning with the estimated decline of 3.92%.
- Northern Europe like-for-like sales decreased by 3.2%, better than the expected 5.34% decline.
- Southern Europe, Middle East, and Africa saw a like-for-like sales drop of 7.1%, worse than the 4.78% estimate.
- Americas like-for-like sales decreased by 2.8%, compared to the expected 1.78% decline.
- Asia-Pacific like-for-like sales fell by 1.8%, close to the estimated decline of 1.61%.
- High Performance Solutions’ like-for-like sales were down by 1.6%, better than the expected 2.44% decline.
- Total sales for the quarter were €12.11 billion, a 3.5% y/y decline, slightly missing the estimate of €12.2 billion.
- Northern Europe revenue was €3.03 billion, a 4.1% y/y drop but above the €2.96 billion estimate.
- Southern Europe, Middle East, and Africa revenue was down by 6.7% y/y to €3.70 billion, missing the €3.77 billion estimate.
- Americas sales slightly increased by 0.5% y/y to €2.62 billion, below the estimated €2.69 billion.
- Asia-Pacific revenue was €529.0 million, a 2.9% y/y decrease, missing the estimate of €541.7 million.
- High Performance Solutions revenue fell by 2.2% y/y to €2.55 billion, slightly below the €2.58 billion estimate.
- Saint-Gobain forecasts a double-digit operating margin for the second half and full year 2024.
- Analyst recommendations: 18 buys, 3 holds, 1 sell.
A look at Cie De Saint-Gobain Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Compagnie de Saint-Gobain, a manufacturing company known for its glass products, high-performance materials, and construction materials, has a promising long-term outlook based on its Smartkarma Smart Scores. With a solid Growth score of 4 and a strong Momentum score of 5, the company is positioned to expand and capitalize on market trends efficiently. Additionally, Saint-Gobain maintains decent scores in Value, Dividend, and Resilience, indicating a well-rounded performance across key factors. This suggests that the company is likely to maintain steady growth and demonstrate stability in the face of challenges.
In summary, Compagnie de Saint-Gobain is a diversified manufacturer with a range of products including flat glass, insulation, ceramics, plastics, building materials, and more. The company’s Smartkarma Smart Scores reflect positive indicators for its future prospects, with particularly high scores in Growth and Momentum. These scores, along with balanced ratings in other categories, imply a robust outlook for Saint-Gobain in the long run, positioning it favorably in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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