Saint-Gobain's turnover increases with prices to 12,9 billion euros

The company achieved 12,9 billion euros in sales between July and September and confirmed in a press release its annual objectives of an increase in operating profit - despite an anticipated increase in energy and material costs. raw materials, expected "slightly more than 3 billion euros in 2022", compared to 2021.

With a 15% price increase in the third quarter, Saint-Gobain offset the rise in raw materials, energy and transport costs, supporting sales while volumes were down 1,6 % in the third quarter.

The group says it is "confident" of being able to continue to "compensate" for the increase in costs in order to achieve "a further increase in operating income in 2022 compared to 2021 at comparable exchange rates".

Activity is notably driven by “renovation in Europe” which “remains resilient”, while “the new construction market is slowing down”.

In France, renovation is "structurally more resilient" thanks to "a favorable regulatory context and support systems for households", explains the CAC 40 company.

On the American continent, the group recorded its strongest quarterly growth "thanks to a good price level" and "despite a new construction market which is starting to slow down with the marked rise in interest rates" in the wake of the decisions of the Federal Reserve (Fed): +39% of turnover, to 2,5 billion euros.

Saint-Gobain gained market share in India, which contributed to the 31,5% increase in sales in Asia-Pacific, in addition to "moderate growth" in China "driven by prices" and "despite the health situation".

Reaching 588 million euros, this region remains the smallest market of the group, far behind Northern Europe, first with 4,2 billion and the Southern Europe, Middle East and Africa region (including France) with 3,5 8,9 billion and respective growth of 10,8% and XNUMX%.