Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain Group, said, “Our first-half 2025 performance once again demonstrates the strength of Saint-Gobain’s new profile, with growth in sales and earnings despite a certain wait-and-see environment in some markets. Asia and emerging countries continued to drive growth for the Group and Europe reported a further sequential improvement, while North America saw a slight decrease in sales. The integration of our recent acquisitions has enabled us to strengthen the quality of the Group’s profitable growth profile and benefit from balanced earnings across three geographic zones.
“Our decentralised operating model by country, with no direct exposure to customs tariffs, is key to the Group’s ability to withstand external shocks. Our country CEOs now oversee our entire range of solutions to accelerate the Group’s growth in each of its channels and end markets.
“Despite a still contrasted macroeconomic environment and ongoing geopolitical uncertainty, I am confident that 2025 will be another successful year for Saint-Gobain, thanks to our dedicated teams: I applaud their commitment. At our Capital Markets Day on October 6, we will present the Group’s new ambitions as worldwide leader in light and sustainable construction, in terms of profitable growth and outperformance as well as value creation for all of our stakeholders.”
Highlights
- Sales up 3.4 percent in H1 2025 in local currencies
- Record operating margin of 11.8 percent
- Record EBITDA and operating income in local currencies, up 7.0 percent and 5.0 percent,
respectively - Recurring EPS at a record level and 63 percent free cash flow conversion ratio
- Strategic acquisitions for EUR 1.7 billion in construction chemicals, with Cemix (Latin
America), FOSROC (India and Middle East) and other selective acquisitions (Maturix,
Interstar Materials, Soquimic, Isoltech) - 2025 outlook confirmed: the Group expects an operating margin of more than 11.0 percent
The full report is available here.