Saint-Gobain

Saint-Gobain reported €11.6 billion in revenue for the third quarter, up 0.4% year-on-year, while like-for-like growth of 2.5% fell short of expectations. Business was hit by a downturn in the UK construction sector, weak renovation demand in France and reduced residential building in North America, while Asia-Pacific saw the strongest gains thanks to India and data-center projects; Latin America showed declining activity. The stock slipped moderately, and analysts at Goldman Sachs and Jefferies see a weakening growth trend and a muted outlook for the fourth quarter; management maintains an operating margin target of over 15% for 2026 and expects like-for-like sales to rise in H2 2026. » Mere på finanzen.net

Saint-Gobain reports a revenue increase of 0.4% to €11.6 billion for the third quarter; on a like-for-like basis revenue grew by 2.5%. Business in the Americas was particularly weak. For 2026 the company continues to expect an operating margin of more than 15%. » Mere på finanzen.net

European equity markets closed higher, supported by a strong recovery in semiconductor stocks in Asia and the US, which dampened worries of a sector collapse. The EuroStoxx 50 advanced, and the SMI and FTSE 100 also gained. Saint-Gobain comfortably beat expectations in the second quarter, lifting its stock by around 8%, while Universal Music plunged more than 24% after disappointing results. Crédit Agricole reported solid results, and Holcim reacted with slight share losses despite better half-year figures. » Mere på finanzen.net

Saint Gobain's stock rose about 6.9% to €81.26 after H1 figures, supported by a marked recovery in the second quarter. The building materials group reported first-half sales of €23.6bn (+0.7% organic) and Q2 organic growth of 3.5% with broad regional recovery (APAC 7.0%, Europe 4.1%, Americas 0.9%). Building chemicals grew particularly strongly, up 8.5% organically in Q2. Management and analysts were positive: Saint Gobain confirmed its full-year target of an EBITDA margin above 15%, and RBC confirmed its rating. » Mere på de.investing.com

Saint-Gobain reports a like‑for‑like sales increase of just under 1% to €23.6 billion for the first half. Adjusted EBITDA fell 5% to €3.63 billion but was still better than experts had expected. The group confirmed its forecast, after which the stock rose sharply intraday. » Mere på finanzen.net