Compagnie de Saint-Gobain Double-digit operating margin expected for H1 2023 (0877C)

TIDMCOD

RNS Number : 0877C

Compagnie de Saint-Gobain

08 June 2023

DOUBLE-DIGIT OPERATING MARGIN EXPECTED

FOR FIRST-HALF 2023

Saint-Gobain continues to demonstrate its resilience by achieving another high operating performance level since the start of 2023, benefitting from the pertinence of its strategic positioning at the heart of energy and decarbonization challenges, and from the strength of its local organization by country.

Amid a moderate market slowdown, which reflects a contrasting situation between a marked decline in new construction and good resilience overall in renovation, the Group confirms that it is targeting an operating margin of between 9% and 11% in 2023, in line with the "Grow & Impact" strategic plan target.

In first-half 2023, the Group expects a double-digit operating margin .

First-half 2023 results will be published on Wednesday July 26, 2023, after market closing.

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".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

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June 08, 2023 02:03 ET (06:03 GMT)