SAINT GOBAIN: Jefferies remains Buy
February 28, 2025 at 16:55
Already a buyer, Jefferies continues to recommend the stock
in a research note published by Glynis Johnson.
The price target is little changed and now stands at EUR 150 compared with EUR 147.
Zonebourse with dpa-AFX Analyser |
Compagnie de Saint Gobain SA
97.70 EUR +2.80 (2.95%)
today
Feb 28, 10:14 GMT+1 |
SGO Cie de SaintGobain
96.74 3.16 (3.38%)
Last Updated: 14:21:30 |
 Estimating The Fair Value Of Compagnie de Saint-Gobain S.A. (EPA:SGO)
Simply Wall St
February 25, 2025
ENXTPA:SGO
Key Insights
The projected fair value for Compagnie de Saint-Gobain is €97.30 based on 2 Stage Free Cash Flow to Equity
With €93.36 share price, Compagnie de Saint-Gobain appears to be trading close to its estimated fair value
The €102 analyst price target for SGO is 4.4% more than our estimate of fair value
How far off is Compagnie de Saint-Gobain S.A. (EPA:SGO) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.
Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
Check out our latest analysis for Compagnie de Saint-Gobain
Step By Step Through The Calculation
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars:
10-year free cash flow (FCF) forecast
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
Levered FCF (€, Millions) €3.47b €3.70b €3.61b €3.56b €3.55b €3.55b €3.58b €3.61b €3.65b €3.69b
Growth Rate Estimate Source Analyst x4 Analyst x4 Est @ -2.47% Est @ -1.26% Est @ -0.42% Est @ 0.18% Est @ 0.59% Est @ 0.88% Est @ 1.09% Est @ 1.23%
Present Value (€, Millions) Discounted @ 8.3% €3.2k €3.2k €2.8k €2.6k €2.4k €2.2k €2.0k €1.9k €1.8k €1.7k
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = €24b
The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (1.6%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.3%.
Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = €3.7b× (1 + 1.6%) ÷ (8.3%– 1.6%) = €55b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= €55b÷ ( 1 + 8.3%)10= €25b
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €49b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of €93.4, the company appears about fair value at a 4.0% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.
dcf
ENXTPA:SGO Discounted Cash Flow February 25th 2025
The Assumptions
We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Compagnie de Saint-Gobain as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.3%, which is based on a levered beta of 1.321. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
SWOT Analysis for Compagnie de Saint-Gobain
Strength
Earnings growth over the past year exceeded the industry.
Debt is not viewed as a risk.
Dividends are covered by earnings and cash flows.
Dividend information for SGO.
Weakness
Earnings growth over the past year is below its 5-year average.
Dividend is low compared to the top 25% of dividend payers in the Building market.
Opportunity
Annual earnings are forecast to grow for the next 4 years.
Good value based on P/E ratio and estimated fair value.
Threat
Annual earnings are forecast to grow slower than the French market.
What else are analysts forecasting for SGO?
Next Steps:
Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Compagnie de Saint-Gobain, there are three fundamental factors you should look at:
Risks: Take risks, for example - Compagnie de Saint-Gobain has 1 warning sign we think you should be aware of.
Future Earnings: How does SGO's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. Simply Wall St updates its DCF calculation for every French stock every day, so if you want to find the intrinsic value of any other stock just search here.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. |
Technical analysis trends
Short Term Mid-Term Long Term
Resistance 98 98 96.68
Support 90.58 86.94 83.9 |
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
94.44EUR
Average target price
101.59EUR
Spread / Average Target
+7.57%
High Price Target
147.00EUR
Spread / Highest target
+55.65%
Low Price Target
72.00EUR
Spread / Lowest Target
-23.76%
MarketScreener |
Compagnie de Saint Gobain SA
93.54 EUR −0.90 (0.95%)
Feb 24, 09:42 GMT+1
93.54 EUR 09:42
Open
94.40
High
94.92
Low
93.16
Mkt cap
46.68B
P/E ratio
16.45
Div yield
2.25%
52-wk high
98.66
52-wk low
67.11
éééééééééééééééééééééééééééééééééééééééééééééééééééééééééééééééééééééééééé
CERTAINLY HAVING A GOOD RUN BUT I FEEL MIGHT START TO TOP OUT ONCE DIVI PAID |
Compagnie de Saint-Gobain Acquisition
10/02/2025 7:12am
RNS Regulatory News
RNS Number : 4963W
Compagnie de Saint-Gobain
10 February 2025
SAINT-GOBAIN COMPLETES THE ACQUISITION OF FOSROC, a leading player in Construction chemicals in asia and emerging markets, further strengthening
its worldwide presence in the sector
Saint-Gobain has completed the acquisition announced on June 27, 2024, of FOSROC, a leading global construction chemicals player with a strong geographic footprint in India, the Middle East and Asia-Pacific in particular.
Following the acquisitions of Chryso, GCP and OVNIVER (Cemix brand), this represents another important step in establishing Saint-Gobain's worldwide presence in construction chemicals, which will have combined sales of €6.5 billion across 76 countries following the acquisition (pro forma).
FOSROC is expected to have generated revenues of $487 million in 2024, with a growth rate of around 11% per year on average since 2021. With 20 manufacturing plants and around 3,000 employees, FOSROC provides a wide range of technical solutions for the construction industry, including admixtures and additives for concrete and cement, adhesives and sealants, waterproofing solutions, concrete repair solutions and flooring.
This acquisition strengthens Saint-Gobain's presence in high-growth emerging markets, notably India and the Middle East and is fully aligned with the Group's strategy to be the worldwide leader in light and sustainable construction.
FOSROC will be consolidated into the High Performance Solutions segment.
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, celebrating its 360th anniversary in 2025, remains more committed than ever to its purpose "MAKING THE WORLD A BETTER HOME".
€47.9 billion in sales in 2023
160,000 employees, locations in 79 countries
Committed to achieving net zero carbon emissions by 2050
For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain |
Compagnie de Saint Gobain SA
EPA: SGO
85.96 EUR +1.72 (2.04%)
Jan 15, 16:27 GMT+1
85.88 EUR 15:45
Open
84.32
High
86.02
Low
84.32
Mkt cap
42.84B
P/E ratio
15.11
Div yield
2.44%
52-wk high
91.14
52-wk low
61.27 |
Latest Dividends
Summary Previous dividend Next dividend
Status Paid Forecast
Type Final Final
Per share 210¢ wait for it
Declaration date 01 Mar 2024 (Fri) 28 Feb 2025 (Fri)
Ex-div date 10 Jun 2024 (Mon) 09 Jun 2025 (Mon)
Pay date 12 Jun 2024 (Wed) 11 Jun 2025 (Wed) |
Agenda
Discover the upcoming events from Saint-Gobain Group.
27 Feb 2025
2024 results
February 27, 2025, after market closing
(quiet period starting on January 10, 2025) |
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. |
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. |
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. |
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 |
Declaration date (Fri) 28 Feb 2025 (Fri)
Ex-div date 09 Jun 2025 (Mon)
Pay date 11 Jun 2025 (Wed) |
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. |
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 |
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 +44 12 1281 8004, +1 718 705 8796 or +33 1 70 91 87 04.
2024 results: February 27, 2025, after close of trading on the Paris stock market. |
First nine months 2024 sales
October 29, 2024 after market closing.
(quiet period starting on October 8, 2024). |
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”. |
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 |
Compagnie de Saint Gobain SA
82.46 EUR +0.18 (0.22%)
Oct 11, 12:02 GMT+2 |
29 Oct 2024
First nine months 2024 sales
October 29, 2024 after market closing.
(quiet period starting on October 8, 2024). |
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