Compagnie De Saint-gobain Share Discussion Threads

[sarkasm] 29/10/2018 16:47

29/10/2018 | 1:45 p.m.

BARCELONA (Agefi-Dow Jones) - BASF's chemicals business for the construction industry could bring the German chemicals group up to € 2.9 billion, but it will take time for a transaction materializes, says Bernstein. There are few financially strong candidates to acquire this division, and consolidation of the sector could be a problem for the competition authorities, the financial intermediary believes. Sika is the most obvious candidate, but the group is more interested in smaller acquisitions that would complement its portfolio, says Bernstein. Other competitors are smaller and will probably not offer, while Saint-Gobain has the funds but perhaps not the motivation, Bernstein adds. In the end, this activity could be split or sold to a private equity firm, says the bank. The title BASF gained 0.3% to 66.62 euros.

-Nathan Allen, Dow Jones Newswires (French version Aurélie Henri) ed: LBO

Agefi-Dow Jones The financial newswire

[waldron] 28/10/2018 11:08

21/02/19 Year 2018 Publication of results

[waldron] 28/10/2018 11:01

26/10/2018 | 2:40 p.m.
Oddo BHF reiterates its purchase recommendation on Saint-Gobain, as well as its target price of 47 euros. The group published third-quarter revenue in line with the broker's expectations. Following this publication, Oddo BHF believes that the consensus should remain unchanged. The analysis office is also reassured about the price / cost effects, but the decline in volumes "does not allow to see more clearly on the underlying trends."

[grupo] 26/10/2018 06:34

French construction-materials producer Compagnie de Saint-Gobain S.A. (SGO.FR) on Thursday backed its outlook after its revenues grew on year.

Group revenue for the first nine months of the year were 31.13 billion euros ($35.55 billion) compared with EUR30.57 billion the year prior.

The company backed its outlook for the year, saying it expects a like-for-like increase in operating income, and that for the second half it expects the like-for-like increase to be clearly above the level achieved in the first half.

"Saint-Gobain continues along its growth trajectory despite a tough comparison basis in Q3 2017. Our focus on increasing prices - critical in an inflationary environment - continues to pay off," said Pierre-Andre de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain. "The industrial issues that had weighed on our profitability in the first half of the year are largely behind us."



Write to Donato Paolo Mancini at [e-mail]



(END) Dow Jones Newswires

October 25, 2018 12:18 ET (16:18 GMT)

[sarkasm] 05/10/2018 10:09

Michele Maatouk
WebFG News
05 Oct, 2018 10:40
Saint-Gobain to buy Germany's Kaimann
saint-gobain-confiant-pour-2017
Saint Gobain
35.49
10:05 05/10/18
-1.69%
-0.61
CAC 40
5,381.12
10:05 05/10/18
-0.55%
-29.73
DJ EURO STOXX 50
3,357.04
10:05 05/10/18
-0.53%
-18.04

French building materials manufacturer Saint-Gobain said on Friday that it has agreed to buy Kaimann, a German manufacturer of elastomeric insulation products.

The acquisition, which is Saint-Gobain's 18th this year, further enhances its range of insulating solutions, reinforcing its presence on the fast-growing segment of technical insulation, which includes air conditioning, refrigeration and heating.

"This operation allows the group to reinforce its positioning in a market where it is leader and to complement its portfolio of materials and technologies," the company said in a statement.

Founded in 1959, Kaimann employs 320 people and achieved sales of €70m in 2017.

Saint-Gobain did not disclose any financial details of the deal, which is subject to the approval of antitrust authorities.

At 1040 BST, the shares were down 1.8% to €35.46.

[the grumpy old men] 20/9/2018 19:58

RNS Number : 4697B

Compagnie de Saint-Gobain

20 September 2018

PRESS RELEASE

September 20(th) , 2018

TENDER OFFER FOR MINORITIES IN HANKUK GLASS INDUSTRIES

Hankuk Glass Industries (HGI), a South Korean subsidiary of Saint-Gobain listed on the Seoul stock exchange, launched a tender offer to acquire the 23% of its shares owned by minority shareholders. As a result of this successful offer, Saint-Gobain together with HGI now holds 96.8% of the share capital of HGI, with a delisting planned.

HGI holds a leading position in South Korea and in Asia in glass products and insulation for the construction and automotive markets. It achieved consolidated sales of around 270 million euros in 2017.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

EUR40.8 billion in sales in 2017

Operates in 67 countries

More than 179,000 employees

www.saint-gobain.com

@saintgobain

[sarkasm] 04/9/2018 12:06

Deutsche Bank AG (DNK.XE) is one of three companies set to leave the Euro Stoxx 50 index following the index operator's annual review, according to analysts, a reflection of the significant decline in the bank's market value in 2018.

The changes, based on the companies' closing prices on Aug. 31, will take effect from market close on Sept. 21, according to Societe Generale. Analysts at Davy and LBBW have also outlined the upcoming changes.

Deutsche Boerse AG (DB1.XE), which owns index provider Stoxx, wasn't immediately available for comment.

Deutsche Bank's share price has fallen 38% since the beginning of the year as it has struggled with profitability amid restructuring efforts and recent management upheaval.

In a statement on Tuesday, the German lender said its activities and strategy to improve profitability would be unaffected by the removal.

"We expect [our strategy] will support the valuation of Deutsche Bank by the market, and therefore increase market capitalization," the bank said.

Removal from the Euro Stoxx 50 will mean the bank is excluded from exchange-traded funds that follow the index.

Alongside Deutsche Bank, Compagnie de Saint-Gobain SA (SGO.FR) and E.ON SE (EOAN.XE) will be removed from the index, according to analysts.

The three outgoing companies will be replaced by France's luxury giant Kering (KER.FR), Germany's chemicals company Linde AG (LINU.XE) and Spain's Amadeus IT Group SA (AMS.MC), analysts said.



Write to Alberto Delclaux at [e-mail]



(END) Dow Jones Newswires

September 04, 2018 06:41 ET (10:41 GMT)

[sarkasm] 17/8/2018 07:27

• Morningstar reduces its target on Saint-Gobain from 44 to 42 euros but remains a buyer.

[waldron] 01/8/2018 07:42

Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it has bought German thermal-insulation and fire-protection specialist HKO.

HKO posted sales of 39 million euros ($45.7 million) in 2017 and employs 225 people across its two plants in Germany and sales operations in France, the U.S. and China.

It manufactures glass-fiber insulating products that can withstand temperatures of up to 1,000 degrees Celsius, according to Saint-Gobain.

"This acquisition is in line with the Group's strategy of developing technological niches," Saint-Gobain said.

Neither company disclosed a sale price.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

August 01, 2018 02:33 ET (06:33 GMT)

[waldron] 31/7/2018 19:04

1041/5000
Saint-Gobain sells its glass installation branch in the United Kingdom
Saint Gobain (EU: SGO)
Intraday Chart of the Action

Today: Tuesday 31 July 2018
More Saint Gobain Stock Exchange charts


PARIS (Agefi-Dow Jones) - Construction materials producer Saint-Gobain announced Tuesday that it has sold its window installation and replacement business in the United Kingdom for an undisclosed amount.


The branch has annual sales of approximately £ 70 million and employs approximately 440 people. "The sale is fully in line with the group's strategy to refocus on a portfolio of consistent and value-creating activities," Saint-Gobain said in a statement.




-Thomas Varela, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO




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July 31, 2018 12:01 ET (16:01 GMT)

[sarkasm] 27/7/2018 09:38

Shares in Compagnie de Saint-Gobain SA (SGO.FR) rose sharply early Friday after and said it would step up its strategic overhaul while reporting first-half results.

Net income rose 61% to 1.22 billion euros ($1.43 billion) largely due to the sale of part of its stake in Sika AG (SIKA.EB), which netted the company around EUR754 million.

The French building-materials producer said it now plans to sell off underperforming assets with annual sales of EUR3 billion by the end of 2019, which should strengthen group margins by around 0.4%.

At 0749 GMT Saint-Gobain was trading 3.8% higher at EUR38.56, having earlier risen more than 5%.

The results weren't entirely positive, though. Net debt grew more than expected, to EUR9.29 billion, analysts at Davy Research noted, adding that there was a 1.9% margin contraction at Saint-Gobain's flat-glass division.

Local-currency sales growth of 4.9% was "robust," but the translation into 1.7% like-for-like growth in earnings before interest and taxes was fairly underwhelming, according to Deutsche Bank analyst Glynis Johnson.

Nevertheless, the company met consensus and left its guidance unchanged, which is reassuring--and investors are most likely to focus on the "eye-catching" disposals program, she said.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

July 27, 2018 04:18 ET (08:18 GMT)

[adrian j boris] 27/7/2018 08:13

PARIS (Agefi-Dow Jones) - Saint-Gobain posted operating income marginally above expectations in the first half of the year, and, "to everyone's surprise," announced "the pursuit and especially the acceleration of its strategy" , say the analysts of Oddo. This involves the acceleration of sales representing at least 3 billion euros of sales before the end of 2019 and the launch of a review of the organization of the group to be presented before the end of this year. "Many shareholders and investors want a restructuring of the group," says Oddo. "This review opens the door to questioning and perhaps a new cost-cutting program," commented analysts. Saint-Gobain shares gained 3.5% to 38.47 euros. ([e-mail]) ed: ECH


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(END) Dow Jones Newswires


July 27, 2018 03:29 ET (07:29 GMT)

[waldron] 26/7/2018 18:03

PARIS (Agefi-Dow Jones) - Construction materials producer Saint-Gobain (SGO.FR) announced Thursday an increase in its first half results, driven by a rebound in spring sales in all major markets.


Net income increased 62% to 1.22 billion euros over the half-year, inflated by an unrealized gain of 601 million euros on its Sika shares after the agreement with the Swiss group in May. Current net income increased more modestly, by 6.8% to 802 million euros, while operating income was almost stable (+ 0.3%) to 1.47 billion euros.


The group also reported revenue up 1.9% to 20.79 billion euros, dampened by adverse currency effects. On a comparable basis, growth reached 4.9% and even 8% in the second quarter alone.


"The second quarter marks a return to good trends in all our major markets," commented CEO Pierre-André de Chalendar. "After a disappointing first quarter, affected in Europe by a severe winter that weighed on the result, the second quarter is much more encouraging in terms of volumes and prices," he added, while Saint-Gobain has been able to pass on higher prices for raw materials and energy.


The group confirmed that it expects to see an increase in operating income at comparable structure and exchange rates this year. The progress of this indicator in the second half will be "clearly superior" to that of the first one, he added.


According to the FactSet consensus, the half-year net result was expected to average 882 million euros, the operating profit to 1.47 billion euros and the turnover to 20.6 billion euros.




- Thomas Varela, Agefi-Dow Jones; [phone]; [e-mail] ed: ECH




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(END) Dow Jones Newswires

[adrian j boris] 25/7/2018 06:56

Synthesis

The company has solid fundamentals. More than 70% of companies have a mix of growth, profitability, debt and lower visibility.
The company presents an interesting fundamental situation in a short-term investment perspective.


Strong points

The stock is evolving close to its long-term support in weekly data, located at 36.9 EUR, thus offering a good timing of intervention.
From a graphic point of view, the timing seems appropriate near the support of 36.9 EUR.
Generally, the company publishes above consensus analysts with generally positive surprise rates.
The stock has a very low valuation level with an enterprise value estimated at 0.65 times its turnover.
The company has very attractive results multiples.
Investors looking for returns may find in this action a major interest.
Analysts have supported the positive evolution of the group's activities by significantly adjusting their net earnings per share forecasts.
The analysts covering the file mainly recommend buying or overweighting the stock.
The gap between current prices and the average price target of the analysts covering the file is relatively large and implies a significant appreciation potential.


Weak points

The expected evolution of turnover suggests poor growth over the next few years.
The long-term technical configuration remains degraded below the resistance level in weekly data of EUR 43.71.

[adrian j boris] 23/7/2018 09:43

26Jul 2018 H1 2018 Results

[sarkasm] 11/7/2018 10:32

Boursier.com) - Eric Lemarié, an analyst at Bryan Garnier, is struggling to identify bullish catalysts for the title Saint-Gobain currently, despite the reasonable valuation of the file.

On the contrary, this specialist believes that the horizon is deteriorating for the group of building materials because of headwinds expected on its results in the first half, which should be affected by the pinching of margins in the glazing and by strikes at Brazil, and clouds accumulating on the horizon. Eric Lemarié cites the uncertainties on the residential segment in France and the consequences in emerging countries of the trade war.

Taking note of the deterioration of the prospects of the tricolor group, the expert of Bryan Garnier lowers the theoretical valuation of 53 to 47 euros on Saint-Gobain. He accordingly degrades his recommendation to "neutral" while he was buying on the title so far.

On the Paris Stock Exchange, the Saint-Gobain share flanked 1.6% to 37.41 euros.

[la forge] 04/7/2018 09:06

Citeo, Total, Saint-Gobain and Syndifrais collaborate to create a polystyrene recycling channel in France

by Grace Nolan

4 July 2018

09:40
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Citeo, Total, Saint-Gobain and the French Union of Fresh Dairy Product Manufacturers (Syndifrais) are collaborating to help lay the groundwork for an industrial-scale polystyrene recycling channel in France and to validate its technical and cost feasibility within 18 months.

The project is part of the voluntary commitments for the French government’s Circular Economy Roadmap and in line with French and European Union objectives in plastic recycling.
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It is estimated that 110,000 metric tons of polystyrene packaging is put on the market each year in France.

Via Citeo, France’s dairy product manufacturers have developed a collection system, to separate, sort and prepare several hundred tons of post-consumer polystyrene from France's extended household waste sorting program.

Syndifrais, alongside Citeo, will therefore contribute to the emergence of a recycling channel for polystyrene packaging and Syndifrais will also use the project's technical findings to improve the eco-design of packaging.

Total will use the sorted and prepared polystyrene in its plastic production units in Carling, France and Feluy, Belgium.

Saint-Gobain is involved in initiatives related to the circular economy and its subsidiary Placoplatre is aiming to promote the use of raw materials containing recycled content.

[the grumpy old men] 03/7/2018 09:43

Compagnie de Saint-Gobain SA (SGO.FR) said Tuesday that it has agreed to buy the North American ceilings business of Hunter Douglas NV (HDG.AE) for an undisclosed amount.

The business manufactures architectural ceilings at two production sites in Georgia and Colorado and posted sales of $36 million in 2017, Saint-Gobain said.

The deal is set to close in July pending regulatory approval, Saint-Gobain said.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

July 03, 2018 04:59 ET (08:59 GMT)

[adrian j boris] 28/6/2018 14:47

Saint-Gobain: a good entry point for Morgan Stanley

Jean-Baptiste André, published on the 28/06/2018 at 16h27
Saint-Gobain: a good entry point for Morgan Stanley
Photo credit © Saint-Gobain

(Boursier.com) - Saint-Gobain yields 2.4% to 37.9 euros at the end of the session. Morgan Stanley spent this morning 'online weighting' to 'overweight' on the value despite a reduced target of 49 to 47 euros. The US bank estimates that the recent fall in price on fears about the construction cycle in Europe and weaker construction data in France is exaggerated. The broker cites the diversity of the company's end markets and recalls that new construction in Europe represents only 26% of Ebitda 2018, against 19% for the United States, which enjoys a solid cycle, and 21% for emerging countries. In the end, MS thinks the course offers a good entry point to the current level.

[maywillow] 11/6/2018 09:59

11/06/2018 | 11:12
Saint-Gobain (-0.34% to 40.965 euros) once again occupies one of the last places in the CAC 40 after having already signed the largest decline (-3.86%) Friday. The statements of the Group CEO, at the general meeting last Thursday, therefore continue to weigh. The latter has indicated that it anticipates that the second half of Saint-Gobain will be better than the first in terms of growth in current operating income. Only, over this period, Saint-Gobain will be faced with a difficult basis of comparison.

As a result, UBS is concerned that the promise of improvement in the second part of the year is sustainable only if the first half is less dynamic than expected. This prospect is all the less appreciated as the first half of 2017 was penalized by a cyber-attack that had resulted in organic growth of only 6.6% of Saint-Gobain's current operating income.

In addition, it implies that the second quarter is also low, after a first quarter already complicated due to adverse weather. "Recent comments by the CEO at the GA (flooding of a plant in Egypt, strike truckers in Brazil) do not bode well for the trends of the second quarter," said Barclays soberly.

Saint-Gobain could suffer the slowdown in the French residential market

In short, for UBS, the consensus will be left for a downward adjustment: if the first half is lower than expected, the annual landing may also fall below expectations. For now, analysts expect a current operating profit of 2018 € 3.34 billion for Saint-Gobain. UBS expects a downward revision to 3.1-3.2 billion euros, an organic growth of between 5 and 8%. He himself is at 3.24 billion but will update his estimates.

Barclays, for its part, did not wait to review its forecasts. It reduced its estimate of Saint-Gobain's earnings per share by 11% over the 2018-2020 period, setting it up 18% under consensus. For the analyst, the French group sees other uncertainties rising before it, more structural than a possible air hole in the first half.

Barclays believes that investors underestimate two risks that weigh on the French group: a slowdown in the French residential housing market and rising costs of raw materials, especially energy. "The dynamics of the French residential market could already be reversed", feared the broker, while Saint-Gobain realized 11% of its Ebitda. In addition to France, the UK and Swedish markets are also showing signs of slowing down: "We now believe that two-thirds of the Distribution division for construction offers less visibility," says Barclays.

Regarding the price / cost equation, the broker fears that Saint-Gobain will underestimate the inflation of its costs (300 million euros expected this year) and that full compensation by the increase in its selling prices represents a real challenge.

[the grumpy old men] 08/6/2018 06:48

08/06/2018 | 7:56
Saint-Gobain announces that at the end of its combined general shareholders' meeting, Pierre-André de Chalendar has been reappointed by the Board of Directors as Chairman of the Board and Chief Executive Officer.

The general meeting also approved the amendment of Saint-Gobain's bylaws to provide for the appointment of two directors representing employees on the board, regardless of its size.

Finally, it approved the distribution of a dividend of 1.30 euro per share (against 1.26 euro for 2016), with full cash payment. It will be detached from the action on June 11 and will be paid as of June 13.