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COD Compagnie De Saint-gobain

72.25
0.30 (0.42%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Compagnie De Saint-gobain LSE:COD London Ordinary Share FR0000125007 COMPAGNIE DE ST-GOBAIN ORD SHS
  Price Change % Change Share Price Shares Traded Last Trade
  0.30 0.42% 72.25 865,887 16:35:23
Bid Price Offer Price High Price Low Price Open Price
68.70 75.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 47.94B 2.67B - -
Last Trade Time Trade Type Trade Size Trade Price Currency
18:26:30 O 11 72.42 EUR

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Date Time Title Posts
02/3/202407:09Saint Gobain: A Big Fish in the Gravel & Glass Industry287
15/1/201509:39CODDERS CHARTS98
17/6/200821:40Codders' "TOP UP" thread198
11/8/200320:28HAIL!!! THE FISH1

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Compagnie De Saint-gobain (COD) Top Chat Posts

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Posted at 15/4/2024 09:20 by Compagnie De Saint-gobain Daily Update
Compagnie De Saint-gobain is listed in the Construction Machinery & Eq sector of the London Stock Exchange with ticker COD. The last closing price for Compagnie De Saint-gobain was 71.95 €.
Compagnie De Saint-gobain currently has 512,302,503 shares in issue. The market capitalisation of Compagnie De Saint-gobain is -.
This morning COD shares opened at -
Posted at 02/3/2024 07:06 by misca2
The market loses patience with Saint-Gobain

March 01, 2024 at 03:37 pm

MarketScreener.com By Kevin Smith


The financial results of the world leader in building materials, published yesterday, are always eagerly awaited by investors, who use it to take the pulse of the economy.

Three years ago, almost to the day, MarketScreener included the Saint-Gobain share in its European portfolio - it had long since left it - on the grounds that the group seemed well placed to absorb a hyper-inflationary context, thanks in particular to a restructuring and upmarket program in construction chemicals that was already bearing fruit.

On a more critical note, however, we emphasized the Group's lack of growth during the previous cycle. The company was emerging from a veritable decade of sluggishness, which had earned it the wrath of the dreaded Elliott activist fund, among other grievances.

Three years on, the results for the fiscal year just ended reveal three things: one, Saint-Gobain has indeed managed to pass on inflation, but without benefiting from it either; two, excluding acquisitions, organic growth continues to lag; three, optimization of the business portfolio continues and is producing fairly good results.

As proof of these elements, a price increase of 4.6%, which in 2023 will not fully offset a 5.5% drop in volumes; consolidated sales down by 6.4%, with a marked decline in Northern Europe but also a good performance in the US markets; and margins and operating profit that are holding up well in this challenging environment.

Not much has changed, then, and the market seems to be getting impatient, since the trend towards compression of Saint-Gobain's valuation multiple is not really reversing - despite a slight upturn of late.

It should be pointed out, however, that the process of moving upmarket is bound to take years, and that at the same time the Group is confirming its trajectory of improving profitability, while financial leverage continues to decline.

The work of the management team that has been at the helm for the past few years is therefore to be commended, without overlooking the difficult underlying business conditions - which the Swiss Sika Group has so far managed to avoid thanks to a remarkably well-managed acquisitions policy.

Share
Image Kevin Smith
Posted at 29/2/2024 21:08 by waldron
2024 outlook and strategic priorities



In a geopolitical and macroeconomic environment that remains challenging, Saint-Gobain will continue to demonstrate its resilience and its excellent operating performance, thanks to its focused strategy and its proactive commercial and industrial initiatives.



Saint-Gobain expects some of its markets to remain difficult in 2024, especially in the first half of the year owing to a high comparison basis, with a contrasting situation between Europe and the rest of the world:

· Europe: resilience in renovation; new construction remaining difficult before gradually reaching its low point country by country;

· Americas: construction to hold firm in North America (new build and renovation); recovery expected during the year in Latin America;

· Asia-Pacific: good growth in most countries;

· High Performance Solutions: Construction Chemicals to see dynamic growth; Mobility to hold firm and a contrasting situation on industrial markets in terms of demand.





Against this backdrop, in 2024 the Group will continue to implement the strategic priorities set out in its "Grow & Impact" plan for 2021-2025:



1) Continue our initiatives focused on profitability and free cash flow generation

· Constant focus on the price-cost spread;

· Productivity initiatives and swift adjustments from country to country where necessary;

· Capital expenditure slightly above 4% of sales, with strict allocation to high-growth markets.



2) Outperform our markets by strengthening our profitable growth profile

· Enrich our comprehensive range of integrated, differentiated and innovative solutions offering sustainability and performance for our customers;

· Continue our value-creating targeted acquisitions and divestments dynamic, and benefit from the successful integration of recent acquisitions.



3) Continued focus on our ESG roadmap as leader in sustainable construction

· Promote our positive-impact and low-carbon solutions among our customers;

· Extend the decarbonization of construction to the entire value chain, playing our full role as leader in light and sustainable construction.







Despite a context which remains difficult in certain markets,
in 2024 Saint-Gobain expects a double-digit operating margin
for the fourth consecutive year

















Financial calendar

An information meeting for analysts and investors will be held at 8:30am (GMT +1) on March 1, 2024 and will be streamed live on Saint-Gobain's website: www.saint-gobain.com

· Sales for the first quarter of 2024: Thursday April 25, 2024, after close of trading on the Paris stock exchange

· UK site visit: Tuesday July 2, 2024
Posted at 10/10/2023 18:40 by florenceorbis
Compagnie de Saint-Gobain Capital reduction (6877P)
10/10/2023 5:13pm
UK Regulatory (RNS & others)

Compagnie De Saint-gobain (LSE:COD)



Tuesday 10 October 2023


TIDMCOD

RNS Number : 6877P

Compagnie de Saint-Gobain

10 October 2023

SAINT-GOBAIN cancels 7.6 million shares

On October 10, 2023, Saint-Gobain cancelled 7,577,049 treasury shares purchased on the market.

Following this operation, the total number of shares composing the capital is 506 million and the number of shares outstanding is now 503 million, compared to 511 million at the end of December 2022.

To date in 2023, the Group has allocated a total of EUR496 million to buy back its own shares (net of employee shareholding transactions).

With over EUR1.5 billion in shares bought back since 2021, the Group is ahead of its EUR2 billion buyback target over five years (2021-2025).

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 the Group, visit www.saint-gobain.com and follow us on X @saintgobain

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBLBDGGBBDGXG

(END) Dow Jones Newswires

October 10, 2023 12:13 ET (16:13 GMT)
Posted at 05/8/2023 22:42 by waldron
RNS Number : 8782H

Compagnie de Saint-Gobain

01 August 2023





SAINT-GOBAIN DIVESTS ITS FENCE, RAILING AND DECKING BUSINESS IN THE UNITED STATES

Saint-Gobain has today completed the sale of its US CertainTeed Fence, Railing and Decking Business (FRD), to Oldcastle APG, a CRH Company

The FRD business generated sales of around EUR60 million in 2022, with two industrial locations in the Buffalo (New York) and Orem (Utah) areas, employing approximately 210 people.

These divestments are 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".

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISMZGGRVMGGFZG

(END) Dow Jones Newswires

August 01, 2023 02:12 ET (06:12 GMT)
Posted at 09/6/2023 07:28 by ariane
08 June 2023





GENERAL SHAREHOLDERS' MEETING, JUNE 8, 2023

The General Shareholders' Meeting of Compagnie de Saint-Gobain was held today in Paris.

At this meeting, the shareholders present or represented held an aggregate 69.19% of the outstanding shares and all resolutions were adopted.

The shareholders approved the payment of a dividend up 23% to 2EUR per share (compared to EUR1.63 for fiscal year 2021), to be wholly paid in cash. The ex-dividend date will be June 12, 2023, and the dividend payment will be made as from June 14, 2023.

The General Shareholders' Meeting also renewed the term of office of Ms. Dominique Leroy, independent Director, and appointed Ms. Jana Revedin as a new independent Director.

A webcast of the General Shareholders' Meeting and the results of the vote on each resolution will be available on the Company's website ( www.saint-gobain.com ) as from June 9, 2023.

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
Posted at 02/12/2021 20:35 by waldron
30 November 2021

PRESS RELEASE

November 30, 2021

SAINT-GOBAIN ahead in buyback program

announced as part of its "Grow & IMPACT" plan

Saint-Gobain announces that it has already bought back over 8.5 million of its shares in 2021 (net of offsetting employee share creation) for a total of around EUR500 million, ahead of its target to buy back EUR2 billion of shares over five years (2021-2025) as part of its "Grow & Impact" plan presented at the Capital Markets Day in early October.

On November 30, 2021, Saint-Gobain cancelled 8,543,174 treasury shares acquired on the market.

Following this operation, the total number of shares composing the capital is 524 million shares and the number of shares outstanding is now 521 million, compared to 530 million at end-December 2020.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 72 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
Posted at 02/12/2021 20:34 by waldron
Saint-Gobain would be interested in the takeover of the American company GCP Applied Technologies according to Bloomberg.

Oddo indicates that if the American group RPM International would also be on the ranks, Holcim could also look at this asset.

"The credibility of such a transaction will lie in Saint-Gobain's ability to convince the market of its ability to turn around GCP Applied Technologies' profitability," the analyst said.

"On the basis of a premium of 40% on the 29/11 price, the price to be paid would be $ 2.3 billion without ensuring the success of the operation given potential contenders".

"According to our calculations, the ROCE of the three-year operation (2024) would be 7.7% for an EV/EBITDA of 8.5x (cost of debt at 2.2% and synergies at $70 million or 6% of turnover)," adds Oddo.

The analysis office confirms its outperformance recommendation on the stock with a price target of 80 E.
Posted at 28/5/2020 20:33 by waldron
Saint-Gobain to drop its shareholding in Swiss chemical maker Sika
This content was published on May 27, 2020 9:01 AM May 27, 2020 - 09:01
Sika

Sika has more than 300 plants worldwide
(Keystone)

The French building materials and distribution group Saint-Gobain has announced the sale of its 10.75% stake in the capital of the Swiss chemical manufacturer Sika.

Saint-Gobain said in a press releaseexternal link on Tuesday that it would dispose of “of its entire stake in Sikaexternal link of approximately 15.2 million shares, representing 10.75% of Sika’s share capital”, without mentioning any financial amount.

According to an AFP calculation, at the current Sika share price the transaction would be valued at some €2.5 billion (CHF2.65 billion). The result and the final terms of the private placement will be announced on Wednesday “at the latest”, according to Saint-Gobain’s press release.

Sika, a specialist in sealants and adhesives with origins dating back to 1910, employs some 25,000 people and has more than 300 plants worldwide. The group, headquartered in Baar, canton Zug, achieved record sales of CHF8.1 billion ($8.38 billion) in the financial year 2019.

Long conflict

In May 2018 Sika and Saint-Gobain reached an agreement to end an almost four-year legal disputeexternal link.

The complex deal saw Saint-Gobain acquiring all outstanding shares of Schenker-Winkler Holding (SWH) from the Burkard family, heirs to the founder of Sika, for a purchase price of CHF3.22 billion.

The dispute over Sika had been raging since 2014 when Saint-Gobain offered CHF2.75 billion to buy the Burkhard’s controlling stake – comprising just 16% of the share capital but 53% of voting rights. Sika’s board objected, and the warring sides were locked in a stalemate in what became an expensive battle in the courts and a rare example of Swiss corporate enmity spilling into the public eye.
Posted at 27/5/2020 08:01 by florenceorbis
RNS Number : 0501O

Compagnie de Saint-Gobain

27 May 2020

PRESS RELEASE

May 27, 2020, at 8:00 am

SAINT-GOBAIN GROUP COMPLETES SALE OF SIKA SHARES FOR CHF2.56 BILLION

-- Saint-Gobain today announces the successful completion of the sale by its subsidiary Schenker-Winkler Holding AG of approximately 15.2 million Sika shares, representing its full stake of 10.75% of Sika's share capital, for a total of CHF2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process.

-- As a result of this disposal, Saint-Gobain has generated gross gains of EUR1.54 billion since May 2018.

The disposal of the stake in Sika enables Saint-Gobain to strengthen its balance sheet. Saint-Gobain acquired its 10.75% stake in Sika as part of a global agreement with Sika and the Burkard family in May 2018. The Sika shares were held as an equity investment and Saint-Gobain has chosen to recognize any change in the fair value of the Sika shares directly in equity.

Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, commented:

"The Sika shareholding has been an outstanding investment for Saint-Gobain over the past two years. We have completed the sale at a price of CHF2.56 billion, equivalent to around EUR2.41 billion, compared to a purchase price of EUR933 million in May 2018. Realizing such an outstanding return on this investment is a very positive development for the Group. The proceeds from the disposal will strengthen Saint-Gobain's balance sheet, increase its financial flexibility and liquidity position in a market environment that remains uncertain. As mentioned at the end of April, depending on how the situation evolves Saint-Gobain will review the Group's shareholder return policy by the end of the year. "

Citigroup acted as Sole Global Coordinator on the Private Placement.

Citigroup and Lazard acted as financial advisers to Saint-Gobain .

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.

EUR42.6 billion in sales in 2019

Operates in 68 countries

More than 170,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain
Posted at 16/5/2020 09:27 by waldron
4/27/2020 | 07:35am BST

Analyst Elodie Rall from JP Morgan research gives the stock a Neutral rating. The target price has been revised upwards and is now set at EUR 28, compared with EUR 27 previously.
Compagnie De Saint-gobain share price data is direct from the London Stock Exchange

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