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COD Compagnie De Saint-gobain

79.75
3.93 (5.18%)
26 Jul 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
  3.93 5.18% 79.75 65,822 16:35:13
Bid Price Offer Price High Price Low Price Open Price
76.00 83.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 47.94B 2.67B - - 38.85B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:12:59 O 1,080 78.4857 EUR

Compagnie De Saint-gobain (COD) Latest News (1)

Compagnie De Saint-gobain (COD) Discussions and Chat

Compagnie De Saint-gobain Forums and Chat

Date Time Title Posts
26/7/202411:19Saint Gobain: A Big Fish in the Gravel & Glass Industry303
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) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 16:13:0078.491,0800.00O
2024-07-26 16:12:5577.131,3670.00O
2024-07-26 15:51:2479.7815,1210.00O
2024-07-26 15:49:1379.6020.00O
2024-07-26 15:36:1879.602630.00O

Compagnie De Saint-gobain (COD) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 75.83 €.
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 15/7/2024 08:35 by waldron
SAINT GOBAIN: Jefferies still buying

July 15, 2024 at 08:30

Jefferies analyst Glynis Johnson has maintained his buy rating on the stock.

The target price has been revised upwards to EUR 99.10 from EUR 87.50.

Zonebourse with dpa-AFX Analyser
Posted at 27/6/2024 07:26 by adrian j boris
Compagnie de Saint-Gobain Acquisition
27/06/2024 7:00am
RNS Regulatory News

RNS Number : 1202U
Compagnie de Saint-Gobain
27 June 2024




SAINT-GOBAIN FURTHER STRENGthENS ITS worldwide presence IN CONSTRUCTION CHEMICALS BY SIGNING A DEFINITIVE AGREEMENT TO ACQUIRE FOSROC, a leading player in asia and emerging markets



Saint-Gobain announces that it has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player for $1,025 million (approximately €960 million) in cash.



Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain's worldwide presence in construction chemicals, which will have combined sales of €6.2 billion across 73 countries following the acquisition (pro forma).



FOSROC is a global construction chemicals player with a strong geographic footprint in India, the Middle East and Asia-Pacific in particular. The company is expected to generate $487 million of sales and to achieve an EBITDA margin of 18.7% in 2024E. 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.



The purchase price represents an acquisition multiple (before synergies) of approximately 11.3x FOSROC's 2024E EBITDA of $91 million, and a multiple of approximately 7.1x when including run-rate synergies of approximately $54 million in year 3.



This acquisition will be fully financed in cash. The Group will maintain a strong balance sheet with net debt / EBITDA remaining at the low end of the target range (1.5x to 2.0x) including the recently announced Bailey and CSR Limited acquisitions. Closing of the transaction is subject to customary conditions and is expected in first-half 2025.





A COMPELLING STRATEGIC RATIONALE



· A unique opportunity, fully aligned with Saint-Gobain's strategy to strengthen its worldwide presence in construction chemicals, supported by solid macroeconomic factors including the transition towards low-carbon concrete. It will complement the Group's worldwide growth platform in construction chemicals.



· A highly complementary geographic profile strengthening Saint-Gobain's presence in high-growth emerging markets, notably India and the Middle East. FOSROC's positions in the Middle East and Asia perfectly complement Chryso's positions mostly in Europe, Turkey and Africa and GCP's in North America, Latin America and Asia-Pacific. FOSROC is a leading player in India, one of the most attractive countries in construction chemicals worldwide with growth supported by an ambitious infrastructure plan for the coming decades.

· A comprehensive range of solutions with a renowned brand and strong technical competencies. FOSROC's capabilities are supported by its trusted brand and its recognized technical expertise, entrepreneurial spirit and high level of service.



· A strong track record of highly profitable growth and significant outperformance of its underlying markets. FOSROC has a strong growth track record with c. 11% sales growth per year (2021-2024E). The company delivers a superior EBITDA margin - more than 18% - thanks to a highly experienced management team with a proven history of success.



· A value-creative acquisition for Saint-Gobain's shareholders and customers, with strong synergy potential. $54 million expected synergies in year 3 following transaction close, of which $39 million are cost synergies which are expected to be captured through economies of scale in purchasing (including on raw materials and vertical integration of polymers production), footprint optimization, SG&A savings and manufacturing and logistics cost optimization. Saint-Gobain expects to benefit from at least $15 million of growth synergies thanks to cross-selling opportunities, combining the Group's innovation capabilities with Fosroc's strength in infrastructure, and to its customer relationships. These synergies will be achieved across Saint-Gobain's worldwide platform in construction chemicals and will leverage Saint-Gobain's existing strong presence in the wider light and sustainable construction sector in India and the Middle East. The acquisition will create value by year 3 following the closing of the transaction and will be EPS (Earnings Per Share) accretive from year 1.



The integration will be led by Thierry Bernard, Chief Executive Officer of Construction Chemicals, with the experienced team who developed the Chryso business over many years, managed its integration within Saint-Gobain and who has piloted its successful combination with GCP since 2022, providing a high level of confidence in the integration of FOSROC. It will be consolidated into the High Performance Solutions segment.



Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain, commented:

"The acquisition of FOSROC is perfectly aligned with our "Grow & Impact" strategic plan: it is a unique opportunity for Saint-Gobain to further reinforce its worldwide presence in construction chemicals, and to strengthen its presence in high-growth emerging markets, in particular in India and the Middle East. I am very impressed with FOSROC's leadership, its strategy and its impressive development, as well as the team's track record of excellent execution and profitable growth. The combination of the two groups will allow us to expand our profitable growth platform in construction chemicals. I am looking forward to warmly welcoming the FOSROC teams into the Group and I am very confident about the combination of our joint forces."



Jim Hay, Chairman of FOSROC, commented:

"Today marks the beginning of an exciting new chapter in the history of FOSROC. Our focus on delivering the best solutions and satisfaction to our customers has enabled us to become a leading player in construction chemicals. I want to thank all our teams for their outstanding work over many years."



Rob Bonnici, Chief Executive Officer of FOSROC, added:

"The opportunity to join Saint-Gobain, worldwide leader in light and sustainable construction and a global player in construction chemicals is the perfect next step to enhance our offer by leveraging Saint-Gobain's innovation and technology in construction chemicals. I look forward to continuing our growth journey within Saint-Gobain."

Analyst/Investor Conference Call on June 27, 2024 at 8:00 am Paris time

Dial-in: +33 1 70 91 87 04 or +44 12 1281 8004 or +1 718 705 8796

Please dial in 5 to 10 minutes prior to the scheduled start time.

Replay: +39 02 802 0987 then press 700755# and 755# from 10:00 am Paris time until
July 27, 2024.

A presentation will be available before the conference call on Saint-Gobain’s website at: hxxps://www.saint-gobain.com/en/finance/financial-events



Morgan Stanley is acting as financial advisor, and Freshfields is acting as legal counsel to Saint-Gobain in connection with the transaction.


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 and follow us on X @saintgobain

Analyst/investor relations


Press relations

Vivien Dardel:


+33 1 88 54 29 77


Patricia Marie:


+33 1 88 54 26 83

Floriana Michalowska:


+33 1 88 54 19 09


Laure Bencheikh:


+33 1 88 54 26 38

Alix Sicaud:


+33 1 88 54 38 70


Yanice Biyogo:


+33 1 88 54 27 96

James Weston:


+33 1 88 54 01 24
Posted at 17/5/2024 13:07 by waldron
SAINT GOBAIN : Gets a Buy rating from JP Morgan

May 17, 2024 at 03:31 am EDT

Elodie Rall from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price is unchanged at EUR 85.
Posted at 10/5/2024 06:23 by waldron
VINCI : The technical configuration is positive
May 09, 2024 at 09:51 am
By The editorial team
Share
BUY
Live
Entry price Target Stop-loss Potential
€114.55 €120 €109 +4.76%
Shares in VINCI do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Chart VINCI
Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

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

● The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths

● The company is one of the best yield companies with high dividend expectations.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

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

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects.

● The group usually releases upbeat results with huge surprise rates.

Weaknesses

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● The company's earnings growth outlook lacks momentum and is a weakness.
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 22:45 by waldron
Latest Dividends

Summary Previous dividend Next dividend

Status Paid Forecast

Type Final Final

Per share 200¢ Sign Up Required

Declaration date 23 Feb 2023 (Thu) 22 Feb 2024 (Thu)

Ex-div date 12 Jun 2023 (Mon) 10 Jun 2024 (Mon)

Pay date 14 Jun 2023 (Wed) 12 Jun 2024 (Wed)
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
Compagnie De Saint-gobain share price data is direct from the London Stock Exchange