Q3 2020 Compagnie de Saint Gobain SA Corporate Sales Call Transcript

Oct 29, 2020 / 05:30PM GMT
Pierre-Andréde Chalendar - Compagnie de Saint-Gobain S.A. - Chairman & CEO

Thank you. Good evening, everybody. I hope that you have received our press release and that you have been able to go through the highlights. Let me sum up our 9-month sales performance. The consolidated sales for the first 9 months were EUR 27.891 billion, including a negative group structure impact and currency impact. In fact, when you look at the like-for-like, we saw a significant improvement in Q3 with like-for-like sales up 3.2% after the minus 12.3% in H1, which helped to limit the 9-month decrease to 7.2% like-for-like.

Both volume and prices improved in Q3, with volumes up 2.3% and prices up 0.9%, which is a significant improvement over the first half, especially in a continued deflationary cost environment. I now hand over to Sreedhar, who will give you additional information about our 9-month sales, including by segment.

N. Sreedhar - Compagnie de Saint-Gobain S.A. - CFO

Thank you, Pierre Andre, and good evening to everyone. Let

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