Saint-Gobain has released the financial results for the first half of 2026.
Highlights
- Good organic sales growth of 3.5 percent in Q2 (up 0.7 percent in H1), driven by all Regions (Asia-Pacific up 7.0 percent, Europe up 4.1 percent and Americas up 0.9 percent) and by an acceleration in construction chemicals outperformance with 8.5 percent organic growth in Q2 (up 5.3 percent in H1)
- Strong operational execution, with an EBITDA margin of 15.4 percent and a free cash flow conversion ratio of 65 percent
- Reinforcement of the Group’s profitable growth profile, with the rotation of around EUR 3 billion of sales announced year-to-date, increasing the Group’s exposure to Asia, emerging countries and North America (14 acquisitions and 9 disposals)
- Outlook confirmed: in a contrasted macroeconomic environment and uncertain geopolitical landscape, the Group expects an EBITDA margin of more than 15.0 percent in 2026
Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain, said, “The first half of 2026 marked a return to growth across all our Regions and once again confirmed our ability to outperform our markets in a contrasted environment. Sales growth was accompanied by a very good operational performance thanks to the strength of our local organisation and the commitment of our teams, who I wish to thank.
“With our unrivalled range of comprehensive, innovative and sustainable solutions, we have captured market share in residential and new positions in non-residential and infrastructure. Our outperformance in construction chemicals is a perfect illustration. The first half was also shaped by major transactions to optimise the Group’s profile: with the rotation of 7 percent of sales in just six months, we are ahead of our objective.
“I am confident that 2026, the inaugural year of our ambitious “Lead & Grow” plan, will be another year of value creation for Saint-Gobain’s shareholders and all its stakeholders.”
The full report is available here.