Compagnie De Saint-gobain Share Discussion Threads

[ariane] 03/12/2024 20:19

Compagnie de Saint-Gobain Decrease in capital
03/12/2024 5:26pm
RNS Regulatory News

RNS Number : 6716O
Compagnie de Saint-Gobain
03 December 2024




Saint-Gobain cancels 5 million shares





On December 3, 2024, Saint-Gobain cancelled 4,959,746 treasury shares purchased on the market.



Following this operation, the total number of shares composing the capital is 499 million and the number of shares outstanding is now 497 million, compared to the 502 million at the end of December, 2023.



The Group has allocated €420 million to buy back its own shares (net of employee shareholding transactions) in 2024.



With €2 billion in shares bought back since 2021, the Group has achieved its target announced as part of its "Grow & Impact" plan (2021-2025), a year ahead of schedule.

[waldron] 03/12/2024 07:38

Saint-Gobain completes acquisition of Kilwaughter

By Jean-Baptiste André Published on 03/12/2024 at 08h11


(Boursier.com) - Saint-Gobain has completed the acquisition of Kilwaughter, a leading player in construction chemistry (façade mortars) in the UK and Ireland.

Kilwaughter owns well-established and recognised brands such as ‘K Rend’ and ‘K Systems’. It generated sales of around £50 million in 2024 (financial year to end-April) and will be consolidated within the Northern Europe Region.

The transaction, the amount of which was not specified, strengthens Saint-Gobain's sustainable construction offering in the UK and Ireland.

This acquisition is part of Saint-Gobain's ‘Grow & Impact’ strategic plan, which aims to consolidate the Group's leadership position and accelerate its growth momentum by expanding its offering of solutions for sustainable construction markets.

[waldron] 02/12/2024 17:14

Compagnie de Saint-Gobain Acquisition
02/12/2024 5:10pm
RNS Regulatory News

RNS Number : 4908O
Compagnie de Saint-Gobain
02 December 2024




SAINT-GOBAIN FURTHER REINFORCES ITS LEADERSHIP IN LIGHT AND SUSTAINABLE CONSTRUCTION IN TURKEY WITH AN ACQUISITION IN INSULATION and the opening of a new construction chemicals plant



İzocam, a leading insulation manufacturer in Turkey co-owned by Saint-Gobain and Alghanim Industries (Kutayba Alghanim Group), has completed the acquisition of 100% of His Yalıtım, a local producer of stone wool. The company operates in Kayseri (Central Anatolia) and employs about 170 people.



This acquisition enhances İzocam's presence in Turkey, where it has four existing plants manufacturing high-quality insulation solutions.



Saint-Gobain has been present in Turkey since 1998 and currently operates 22 plants and employs around 2,000 people in the country. This acquisition reinforces Saint-Gobain's positioning in light and sustainable construction in Turkey where it has leadership positions in insulation, plaster and plasterboard, and construction chemicals, where it inaugurated its 11th Weber or Chryso plant last week.



The acquisition of His Yalıtım is in line with Saint-Gobain's "Grow & Impact" strategy aiming to both strengthen the Group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.

[the grumpy old men] 02/12/2024 07:42

Compagnie de Saint-Gobain Disposal
02/12/2024 7:06am
RNS Regulatory News

RNS Number : 3739O
Compagnie de Saint-Gobain
02 December 2024






SAINT-GOBAIN closes its divestment of pam building,
its sanitary and rainwater drainage PIPE business




Saint-Gobain has finalized on November 29, 2024 its divestment of PAM Building, its pipes subsidiary dedicated to the manufacturing of sanitary and rainwater drainage solutions for buildings, to Aldebaran (a French institutional investment fund) with a minority stake from Bpifrance (the French Public Investment Bank).

PAM Building has two production plants, in Bayard (Haute-Marne, France) and in Telford (United Kingdom), employs 400 people and generated revenues of around €110 million in 2023.

This divestment project is part of Saint-Gobain's continued business profile optimization strategy, in line with its "Grow & Impact" plan.








About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME".

€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com

[grupo guitarlumber] 23/11/2024 10:22

Declaration date (Fri) 28 Feb 2025 (Fri)

Ex-div date 09 Jun 2025 (Mon)

Pay date 11 Jun 2025 (Wed)

[waldron] 14/11/2024 08:52

Saint-Gobain: rumour of a major sale

JB.A.

Published on 11/13/2024 at 03:46 p.m.

(Boursier.com) — New market rumour around Saint-Gobain.


The building materials giant is reportedly looking into a potential sale
of its automotive glass division, which could bring in up to
2.5 billion euros.

According to the 'traditional' people close to the Bloomberg report, the group is said to be working with advisers on this possible sale. He would have contacted suitors potential to assess their interest in the activity, according to the sources.

The unit could attract the interest of private equity firms, in particular in particular those that have already concluded agreements in the automotive glazing. Reflections are at an early stage and
Saint-Gobain may still decide to retain the asset in question, the agency specifies.

A sale could be difficult in the context of the current gloom that prevails in the automotive industry.

[maywillow] 11/11/2024 20:06

Saint-Gobain to offtake solar, wind power from Boralex in France

French building materials maker Compagnie de Saint-Gobain SA (EPA:SGO) has agreed to procure solar and wind power from three plants developed by Canadian renewable power producer Boralex Inc (TSE:BLX) in France.

The 20-year power purchase agreement (PPA) concerns two solar power plants and one wind farm which, once operational, will be capable of producing 110 GWh of clean electricity annually.


The sites are expected to go live between the first quarter of 2026 and the first quarter of 2027.

Boralex has a portfolio with an installed capacity of more than 3 GW and a project pipeline of nearly 6.7 GW of wind, solar and energy storage. The company operates in Canada, the US, the UK and France.

The deal with Boralex comes as the latest for Saint-Gobain as part of its push to decarbonise its operations both at home and globally.

It follows PPAs with TotalEnergies, OMV Petrom and Axpo Holding inked earlier this year.


Renewables Now's Corporate PPA Newsletter

[misca2] 29/10/2024 19:47

Compagnie de Saint-Gobain
29 October 2024




The worldwide leader

in light & sustainable construction





Sequential improvement in sales in Q3 2024

Further increase in margin expected in 2024







· Sequential improvement in organic growth



· Significant contribution from recent acquisitions in North America, Asia-Pacific and construction chemicals, with a positive 3.4% structure impact



· Further increase in operating margin expected in 2024







Sales in the third quarter showed a sequential improvement, down 2.0% like-for-like in the quarter (down 3.9% in the nine-month period to September 30, 2024 and down 4.9% in the first half of 2024), with good levels of activity in the Americas, Asia-Pacific and High Performance Solutions, but still affected by weak new construction markets in Europe, particularly in France.



Prices were stable sequentially, down by 0.5% in the third quarter and by 0.8% over the nine-month period, generating a positive price-cost spread thanks to disciplined execution and the decrease in certain raw material and energy costs.



Volumes were down by 1.5% in the third quarter and by 3.1% over the nine-month period, in line with the Group's expectations for the year. This reflects a contrasting situation: weakness in Europe - with a marked decline in new construction but resilience in renovation - and good levels of activity in all other segments.



On a reported basis, sales were stable at €11.6 billion in the third quarter (down 4.1% to €35.0 billion over the nine-month period) despite a negative 1.3% currency effect, thanks to a positive 3.4% Group structure impact linked to recent acquisitions: in Asia-Pacific (CSR in Australia, Hume in Malaysia), North America (Building Products of Canada and Bailey in Canada, ICC in the US) and construction chemicals (Izomaks in Saudi Arabia, Menkol Industries in India, Technical Finishes in South Africa, Adfil and R.SOL in Europe). The integration of recent acquisitions is progressing well, enabling the implementation of the expected synergies. The Group continued to benefit from the optimization of its business profile, with the disposals of distribution and foam insulation businesses in the UK, glass processing activities, and railing and decking in the US.










Segment performance (like-for-like sales)



Europe, Middle East & Africa: sequential improvement in sales



Sales in Europe were down 4.5% in the third quarter, a noticeable improvement on the first half (down 7.9%), beyond the technical impact of working day effects (around +2% in the quarter). New construction remained strongly down while renovation (around 60% of sales) was more resilient.



- Northern Europe was down 3.2% in the third quarter (after a decline of 7.1% in the first half), with most countries at or near a low point. Nordic countries and Germany continued to be affected by weakness in new construction, while renovation was more resilient. In the UK, volumes were almost flat, thanks to a comprehensive range of solutions and systems with quantified benefits. Eastern Europe continued to achieve volume growth as seen for several quarters.



- Southern Europe, Middle East & Africa contracted 5.2% in the third quarter (after a decline of 8.6% in the first half). As expected, with the exception of France most countries reached a low point. Saint-Gobain continued to outperform in France in a new construction market which remains significantly down, thanks to its strong exposure to renovation and its comprehensive range of solutions. Despite the political situation postponing the low point in France by several quarters, leading indicators for borrowing are encouraging, driven by falling interest rates and an improvement in housing affordability. The Group continues to optimize its business profile, announcing in the third quarter that it had entered into exclusive negotiations to divest PAM Building, its sanitary and rainwater drainage business. Spain and Italy continued to progress in well-oriented renovation markets. Middle East and African countries reported strong growth thanks to the success of recent investments.





Americas: slight growth in sales



The Region delivered 0.8% organic growth in the third quarter (after 1.2% growth in the first half), driven by the improvement in Latin America and good levels of activity in North America.



- North America remained stable at a good level in the third quarter. The Group continues to benefit from its comprehensive light construction solutions offer - bringing high added value for its customers - and recorded an increase in prices. In light of the supportive growth outlook, the Group is preparing to open additional capacity for plasterboard, roofing and glass mat underlay during 2025.



- Latin America returned to growth, up 3.7% in the third quarter, driven by the start of a recovery in Brazil, which benefited from a more favorable comparison basis and from market share gains in light construction with a third plasterboard line opened during the first half of the year. The other countries in the Region benefited from the enhanced offering and mix, especially Mexico. The acquisition of OVNIVER (Cemix brand), expected to close in the first half of 2025, will strengthen Saint-Gobain's construction chemicals presence in the fast-growing markets of Mexico and Central America.






Asia-Pacific: good resilience in sales



The Region saw a 0.9% decrease in like-for-like sales in the third quarter (after 1.2% organic growth in the first half), with a rise in volumes driven by India despite the downturn in China.



India outperformed once again with continued volume growth, supported by its comprehensive and innovative range of solutions, as well as by the strength of the Saint-Gobain brand in the country. In a difficult new construction market in China, the Group continued to capture market share thanks to its exposure to renovation, its development towards inner China and its successful fully digital sales model. South-East Asia reported sales growth, led by Vietnam and Indonesia, benefiting mainly from the enhancement of its offering and its innovation. The Group was awarded several data center projects in the region, thanks to its specific solutions offering energy performance, fire resistance and productivity. The acquisition of CSR, completed on July 9, establishes a leading position in Australia's light and sustainable construction market.





High Performance Solutions (HPS): slight growth in sales



HPS like-for-like sales rose 0.7% in the third quarter, a clear sequential improvement after a decline of 3.5% in the first half.



- Businesses serving global construction customers reported a 4.6% increase in the third quarter due to the recovery in Adfors reinforcement solutions and further growth in the Construction Chemicals business (up 4.1%), driven by infrastructure projects and innovation to decarbonize the construction sector. The acquisition of FOSROC, expected to close in the first half of 2025, marks an acceleration in the Group's construction chemicals presence in regions with strong structural growth.

- Mobility sales stabilized (down 1.2%), outperforming thanks to strong technological positioning and innovation investments.

- Businesses serving Industry were up by 0.7%, despite still uncertain industrial markets, benefiting from decarbonization technologies and a rebound in sales in specialty materials.





2024 outlook



In a geopolitical and macroeconomic environment that remains challenging, Saint-Gobain is once again demonstrating its resilience and its excellent operating performance in 2024, thanks to its focused strategy of worldwide leadership in light and sustainable construction and its proactive and disciplined execution of commercial and industrial initiatives, enabling it to outperform.



As anticipated, Saint-Gobain expects some of its markets to remain difficult over 2024 overall, with weakness in new construction and resilience in renovation in Europe, and good levels of activity in the Americas, Asia-Pacific and High Performance Solutions.





Despite a context which remains difficult in certain markets, Saint-Gobain expects a further increase in its operating margin in 2024




Financial calendar



A conference call will be held at 6:30pm (Paris time) on October 29, 2024:

please dial [phone], [phone] or [phone].




2024 results: February 27, 2025, after close of trading on the Paris stock market.

[la forge] 20/10/2024 07:45

First nine months 2024 sales

October 29, 2024 after market closing.
(quiet period starting on October 8, 2024).

[the grumpy old men] 16/10/2024 18:44

Major NI lime producer acquired by French group

Francess McDonnell
AGRILAND.CO.UK

October 16, 2024 5:50 pm


Northern Ireland-based Kilwaughter Minerals, a major producer of lime, is set to become part of the multi-national Saint-Gobain group.

The French group has confirmed that it has reached a “binding agreement” for the privately owned Northern Irish quarrying and mineral processor.

The acquisition has now been forwarded to the UK’s Competition and Markets Authority and the transaction is expected to close in the first half 2025.

Kilwaughter Minerals also detailed that the transaction is “subject to the satisfaction of customary closing conditions” but released no further details of the takeover.

The NI company operates a number of brands across the agricultural, landscaping and construction sectors including Kilwaughter Lime.

Its product lines include calcium carbonate powders, limestone sands, aggregates and minerals.


Lime

The company also produces ‘Co. Antrim white limestone’ which is used in both construction and agricultural industries throughout the country.

Founded in 1939, Kilwaughter Minerals is headquartered on a 187-acre site in Larne, Co Antrim, Northern Ireland.

It also has distribution centres in Glasgow and St Helens and an office in Co. Cork.

The company stated that to year end, April 2024, Kilwaughter generated revenues of £50 million and had over 200 employees.

According to Gary Wilmot, CEO of Kilwaughter Minerals, the Northern Irish business is “excited”; about the opportunity to join the Saint-Gobain group.

Wilmot added: “Kilwaughter has a rich company culture and heritage, and our focus remains on delivering a leading customer experience, underpinned by our trusted brands.

“We look forward to the added synergy that Saint-Gobain will undoubtedly bring and sharing our passion for innovation, quality and excellence.”

Saint-Gobain is a global leader in the design and manufacture of solutions for the construction industry and employs 160,000 people across 76 countries globally. It had €47.9 billion in sales in 2023.

The French group said the transaction will further strengthen its offering in the UK and Ireland in “light and sustainable construction” and that Kilwaughter Minerals “will be consolidated into the Northern Europe Region”.

[misca2] 15/10/2024 08:19

Compagnie de Saint-Gobain Acquisition
14/10/2024 5:07pm
RNS Regulatory News

RNS Number : 1230I
Compagnie de Saint-Gobain
14 October 2024



SAINT-GOBAIN has REACHED a binding agreement to acquire KILWAUGHTER, a leading façade MORTARS player in the UK and IRELAND



Saint-Gobain has reached a binding agreement to acquire Kilwaughter, a leading player in façade mortars in the UK and Ireland. It operates well-established and recognized brands including K Rend and K Systems.



This transaction will further strengthen Saint-Gobain's offering in the UK and Ireland in light and sustainable construction.



Kilwaughter operates one manufacturing facility near Larne in Northern Ireland and employs about 200 people with a strong focus on technical expertise and system specification. It generated revenues of around £50 million in 2024 (fiscal year ending April) and will be consolidated into the Northern Europe Region.



Closing of the transaction is expected in the first half 2025 and is subject to the satisfaction of customary closing conditions.



This acquisition is in line with Saint-Gobain's strategic plan, "Grow & Impact" which aims to both strengthen the Group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.




About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME".

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain

[grupo guitarlumber] 11/10/2024 10:21

Compagnie de Saint Gobain SA

82.46 EUR +0.18 (0.22%)


Oct 11, 12:02 GMT+2

[waldron] 11/10/2024 06:35

29 Oct 2024
First nine months 2024 sales

October 29, 2024 after market closing.
(quiet period starting on October 8, 2024).

[waldron] 08/10/2024 06:48

SAINT-GOBAIN signs a renewable electricity supply agreement in france



Saint-Gobain has signed a Power Purchase Agreement (PPA) with TotalEnergies to supply renewable electricity to Saint-Gobain's French industrial facilities. It will take effect from January 2026 for a total volume of 875 GWh over a period of five years.



TotalEnergies will provide Saint-Gobain with a baseload supply of electricity and guarantees of origin for that amount of power, produced by TotalEnergies' wind and solar plants across France.



"Saint-Gobain is committed to achieving net-zero carbon emissions by 2050. Realizing this ambition involves decarbonizing our production processes. This contract signed with TotalEnergies allows the Group to take a further step towards this goal with a reliable and continuous supply of renewable electricity for our industrial sites. With this PPA, combined with the three others signed by the Group in France since 2021, 30% of the electricity used by Saint-Gobain in France will come from renewable sources by 2027", explained Swaroop Srinath, Energy Purchasing Director, Saint-Gobain.

[waldron] 05/10/2024 07:03

Increase for Saint-Gobain



By Otto Bott




Published on 04/10/2024 at 5:43 PM



Saint-Gobain share price rises



































(Boursier.com) - Saint-Gobain's share price closed at €81.64.
had a profitable day on the Paris Bourse. The share
1.90% after closing the session at €80.12,
the previous day.

A total of 981,291 shares were traded on Friday, representing 0.19% of market capitalisation.

In one week, Saint-Gobain shares
has fallen by 1.85%. Over the last twelve months, the share
by 49.88%, from €54.47 a year ago.
a year ago. Over the same period, the CAC 40 has risen slightly by 6.82%.

Translated with DeepL.com (free version)

[waldron] 02/10/2024 07:13

SAINT GOBAIN : JP Morgan optimistic about the case

On 01 October 2024 at 18:29



Elodie Rall of JP Morgan sees the stock as a buy opportunity. The price target is still set at EUR 111.


Zonebourse with dpa-AFX Analyser

[waldron] 01/10/2024 10:30

Cie de SaintGobain
82.44 +0.88%

[grupo guitarlumber] 05/9/2024 12:02

Cie de SaintGobain

78.2 +1.85%

[misca2] 18/8/2024 07:34

SAINT GOBAIN: UBS remains Buy



August 16, 2024 at 11:20 am



In his latest research note, analyst Gregor Kuglitsch confirms his positive recommendation. The broker UBS was already previously a buy.


The target price remains unchanged at EUR 83.


Zonebourse with dpa-AFX Analyser

[adrian j boris] 15/8/2024 19:26

Agenda

Saint-Gobain Group.

29 Oct 2024
First nine months 2024 sales

October 29, 2024 after market closing.
(quiet period starting on October 8, 2024).

[waldron] 10/8/2024 09:50

COURTESY OF
misca2
10 Aug '24 - 07:07 - 301 of 301
0 2 0
Saint-Gobain : One can take advantage of the trading range to enter new positions

August 09, 2024 at 09:20 am

By The editorial team


Entry price Target Stop-loss Potential

€74.22 €80 €70 +7.79%

The fact that share price is returning to the lower bounds of the trading range offers a good timing to enter into new long positions in Saint-Gobain.

Summary

● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

● According to Refinitiv, the company's ESG score for its industry is good.

Strengths

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

● Over the past twelve months, analysts' opinions have been strongly revised upwards.

Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

MARKETSCREENER

[adrian j boris] 29/7/2024 06:00

Compagnie de Saint-Gobain Half-year Report
26/07/2024 7:00am
RNS Regulatory News

RNS Number : 9242X
Compagnie de Saint-Gobain
25 July 2024




The worldwide leader

in light & sustainable construction



FIRST-HALF 2024 RESULTS



New record operating margin
Significant milestones in strategic repositioning





· Record operating margin of 11.7%



· Sequential improvement in volumes



· Positive price-cost spread with prices stable sequentially



· Three strategic acquisitions focused on profitable growth: CSR, Bailey and FOSROC, together adding around €2bn to full-year sales and around €450m in EBITDA (including €100m of synergies in year 3)



· More than 2/3 of the Group's pro forma operating income is now generated in high-growth geographies: North America, Asia and emerging countries



· Strong free cash flow generation of €2.5bn, with a cash conversion ratio of 75%



· Double-digit operating margin expected for H2 and full-year 2024, for the fourth consecutive year





Benoit Bazin, Chairman and Chief Executive Officer, commented:



"Our first-half results once again demonstrate the success of Saint-Gobain's new profile, reflecting the Group's ability to adapt to different macroeconomic environments and to continue to outperform. The roll-out of our comprehensive range of sustainable and innovative solutions and the resulting enhancement in our mix, together with our decentralized organization by country with accountability on commercial performance and on proactive cost management, have enabled us to deliver a new record operating margin and strong free cash flow generation. I am very grateful for our teams' dedication and their contribution to the Group's consistent improvement in its performance.



Since the start of the year, Saint-Gobain has accelerated efforts to reinforce its profitable growth profile with three landmark acquisitions in light and sustainable construction: CSR in Australia, Bailey in Canada and FOSROC in construction chemicals, mainly in India and the Middle East. Pro forma for these changes in structure, more than two-thirds of Group operating income is now generated in North America, Asia and emerging countries, areas that enjoy strong structural growth and where Saint-Gobain is achieving an excellent performance.



New construction markets remain difficult in Europe but are nearing a low point and we expect trading to continue to improve in the second half. I am confident that 2024 will be another successful year for Saint-Gobain, with a double-digit operating margin in the second half and over the full year, for the fourth consecutive year."

[waldron] 28/7/2024 18:13

Cie de SaintGobain
79.6 +4.22%