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

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Q1 2023 Compagnie de Saint Gobain SA Corporate Sales Call Transcript

Apr 27, 2023 / 04:30PM GMT

Release Date Price: €51.09 (+1.27%)

Transcript

Operator

Good evening. This is the conference operator. Welcome, and thank you for joining the 2023 First Quarter Sales Conference Call of Saint-Gobain. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Benoit Bazin, CEO of Saint-Gobain. Please go ahead, sir.

Benoit Bazin

Compagnie de Saint-Gobain S.A. - CEO & Director

Thank you. Good evening, everybody. I hope that you have received our press release and that you have already been able to go through the highlights together with Sreedhar, our CFO, we will discuss our Q1 sales and take your questions.

We achieved solid growth despite a difficult environment with like-for-like sales up plus 4.7%. And it is important to note that we have growth in all our segments. We saw a marked decline in new construction and a good resilience in renovation. Overall, we outperformed once again, thanks to our strong strategic positioning at the heart of today's energy and decarbonization challenges and also thanks to our powerful local organization by country.

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