- Saint-Gobain’s like-for-like sales for 1Q were -5.8%, which missed the estimated -5.57%.
- The Northern Europe like-for-like sales for the company plummeted to -11%, instead of the expected -9.27%.
- In Southern Europe, Middle East, and Africa, the company’s Like-for-Like sales were down 10.1%, against the estimated -8.87%.
- Contrastingly, in the Americas, the like-for-like sales jumped up to +5.9%, surpassing the forecast of +0.75%.
- In the Asia-Pacific region, the like-for-like sales were slightly disappointing at +4.5%, below the estimated +5.7%.
- High Performance like-for-like sales also saw a decline of -5.4%, against an estimated -1.33%.
- Total Sales for the European Union came in at €11.36 billion, marking an 8.5% yearly decrease, slightly under the expected €11.4 billion.
- Revenue for Northern Europe was at €2.78 billion which was a -21% decrease year over year, below the estimate of €2.85 billion.
- Sales in Southern Europe, the Middle East and Africa revenues stood at €3.62 billion, which was -9.8% year over year, failing to reach the estimated €3.71 billion.
- The Americas sales, however, showed growth recording €2.35 billion, which was +7.8% year over year, performing better than the projected €2.22 billion.
- Sales in the Asia-Pacific region were €504 million, a growth of +2.6% year over year, slightly above the estimated €494.4 million.
- High Performance Solutions sales saw a reduction coming in at €2.42 billion, down 5.3% year over year, under the estimated €2.49 billion.
- As a comment, Saint-Gobain sees a FY double-digit operating margin.
- The company expects some markets to remain difficult, particularly in 1H.
- Last note includes that there were 18 buy recommendations, 3 holds and 1 sell recommendation for its stocks.
A look at Cie De Saint-Gobain Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Compagnie de Saint-Gobain shows a solid long-term outlook. With a Growth score of 4 and a Momentum score of 4, the company indicates promising potential for future expansion and positive market momentum. Additionally, scoring a 3 in both Value and Resilience, Saint-Gobain demonstrates a fair valuation and a resilient business model, which could provide stability during market fluctuations. The Dividend score of 3 suggests an average performance in terms of dividend payouts, offering investors a regular income stream.
Saint-Gobain, a manufacturer of glass products, high-performance materials, and construction materials, has a diverse product line that includes flat glass, insulation, ceramics, plastics, building materials, and more. With an overall positive outlook based on the Smartkarma Smart Scores, investors may find Compagnie de Saint-Gobain to be an attractive long-term investment option due to its growth potential, market momentum, fair valuation, and resilience in the face of economic challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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