Compagnie de Saint-Gobain SA (XPAR:SGO)
€ 81.6 -1.06 (-1.28%) Market Cap: 40.97 Bil Enterprise Value: 47.92 Bil PE Ratio: 15.60 PB Ratio: 1.76 GF Score: 82/100

Half Year 2020 Compagnie de Saint Gobain SA Earnings Call Transcript

Jul 31, 2020 / 06:30AM GMT
Release Date Price: €31.17 (-3.35%)
Pierre;AndrÃ;de Chalendar
Compagnie de Saint-Gobain S.A. - Chairman & CEO

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Good morning, everybody. I'm very happy to welcome you in our new auditorium, which is, I think it is the first time we are using it. And I hope -- it can accommodate more people than are present today, but with the progressive improvement of the situation, I hope it will be the case in the future.

So we are going to present with Benoit Bazin, our COO; and N. Sreedhar, our CFO, the results for the first half of 2020 and the outlook. I will give you a few highlights, then Benoit will explain to you how we have managed through this crisis. Sreedhar will give more details on the results, and I will come back on the outlook.

So you have seen in our press release our main -- the main figures for the first half. So our sales are down 18.1% in actual terms and 12.3% on a like-for-like basis at EUR 17.8 billion. The operating income is halved, minus 49.2% on a like-for-like basis with a 290 basis point base in our operating margin. The EBITDA is decreasing less, 32%, with a 2-point

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