Compagnie de Saint Gobain (GB:COD) has released an update.
Compagnie de Saint-Gobain reported a sequential improvement in Q1 2024 volumes with a positive price-cost spread and strategic acquisitions aimed at bolstering its leadership in light and sustainable construction globally. Despite a 5.8% decline in like-for-like sales, pressured by a sluggish European construction sector, the company’s growth in the Americas and Asia-Pacific along with targeted acquisitions in construction chemicals and new markets show promise. Saint-Gobain remains confident in maintaining a double-digit operating margin for the fourth consecutive year.
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