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Saint-Gobain: dynamic organic growth in the third quarter 2022

According to Saint-Gobain, the highlight of the Q3 2021 financial results are:

  • Sequential acceleration in organic growth: up 13.3 percent in Q3 2021 versus Q3 2019, confirming the good momentum in underlying markets, with volumes up 3.6 percent
  • The Group is confident that it will be able to offset raw material and energy cost inflation over full-year 2021 given the sharp 8.7 percent acceleration in prices in Q3 2021 versus Q3 2020
  • Ongoing optimization of the Group’s growth and profitability profile:
    o Acquisitions signed contributing around 850 million EUR to full-year sales (including Chryso)
    o Divestments representing around 1,850 million EUR in full-year sales
  • Annual targets confirmed: a very strong increase in operating income over full-year 2021 to a new all-time high, with like-for-like operating income in second-half 2021 close to the previous record of second-half 2020
  • Launch of the “Grow & Impact” plan at the Capital Markets Day on October 6, 2021: strong commitment from teams to accelerate profitable growth and maximize the Group’s positive impact in the fight against climate change

To download the full report click here.

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