Continues today … Saint-Gobain-April 29, 2022 08:04

(AOF) – Saint-Gobain’s quarterly sales reached a new record of € 12,007 million, with comparable structure and exchange rates, representing 16.4% growth over the year. This performance reflects the strong momentum of all Group segments, which accelerated compared to the second half of 2021 and recorded double-digit organic growth, especially driven by refurbishment in Europe and construction in the Americas and Asia. doing.

Therefore, building material specialist sales volume increased 1.9% and 8.3% quarter-on-quarter compared to the first quarter of 2019 (pre-Covid comparison basis), showing a positive trend despite the harsh geopolitical environment. I’m continuing. Price increases continue to accelerate to + 14.5% in environments with significantly higher inflation costs for raw materials and energy, allowing the Group to generate positive price cost spreads in the first quarter.

Despite the difficult geopolitical environment, coupled with the ongoing disruption of the global supply chain, Saint-Gobain aims for further growth in operating profit in 2022 compared to 2021 at comparable exchange rates. I’m sure that.


Key Point

-1665 Founded in 1665, the world leader in housing materials.

-Sales of € 44.2 billion, divided into five branches: Northern Europe 34%, Southern Europe and Africa (including France) 32%, Americas 13% and High Performance 15%.

-54% of activities target remodeling and infrastructure (52%), ahead of new housing (22%) or industry (10%), mobility (7%), and other industries.

-Business model based on the brand’s complete portfolio and solution-based approach: increased productivity for construction professionals, end-user well-being, and customized performance and innovation for industrial customers.

-Split capital (8.3% employees), Pierre Andre de Charender, 14 board chairs, and Benoit Bazin as general manager.

-A solid balance sheet with net liabilities maintained at € 7.3 billion (35% of equity) and a net cash flow of € 2.9 billion.


-Launched October 2021 “Grow & Impact” Strategic Plan: Offering an integrated and differentiated solution for decarbonization of growth / construction / industrial investment better than the market around € 1.5 billion.

-Innovation strategies with three principles, expectations for standards, digital integration in production and customer travel, and sustainable growth: built by 20 platforms shared by industrial and construction customer businesses: smart materials, robots Digitalization, weight reduction of materials, reduction of carbon footprint in manufacturing process … / Customer experience where 90% of sales are covered by PIM, “digital pricing” to accelerate sales / in-house, “digital journey” open program , Datala, NOVA-led partnerships with start-ups… / External, Partnership Centers with Research, EAGLE, WOOL2LOOP or Optivind… Participation in projects, and co-development with customers.

-Environmental strategy integrated into product delivery, 72% of the portfolio contributes to the reduction of CO2 emissions, aiming for complete neutrality by 2050, 2030 target: 2017 in the range of 1 billion euros in industry Research on circular economy / solid oxygen fuel cells that reduces CO2 emissions by 33% and avoids R & D investment / raw material extraction in comparison.

-After a € 2 billion acquisition and a number of dispositions in 2021, a group located in the high-growth sector, especially construction chemicals, emerged.

-The integration of Chryso and Rockwool India and the completion of the bid to acquire GPC Applied Technologies.


-Circular characteristics of activity, 4/5


Sales made in the construction sector.

-The effects of raw material and energy inflation were offset by the ability to accept higher selling prices (10.3% at 4).


2021 quarter);

-The total cost of repairing the Genfell Tower in London, where a local subsidiary provided covers and insulation foam, is unknown.

-After achieving record financial performance in -2021, in 2022, we aimed for sales growth beyond the market, industrial investment of € 1.8 billion, and further growth in operating profit.

-2021 dividend 1.63 euros, stock repurchase 400 million euros.

Integration in construction chemistry

Construction chemistry makes it possible to decarbonize cement and concrete by dividing carbon dioxide emissions into three or four. Therefore, Saint-Gobain chose to develop in this business. The global market for this business is estimated at 60-70 billion euros. It led two major acquisitions in this area in 2021 and competed with world leader Sika. After buying France’s Chryso (formerly Materis’ concrete and cement additive) for € 1 billion, the world leader in building materials bought an American listed on NASDAQ’s GCP Applied Technologies for € 2 billion. For Swiss Seeka, we acquired the MBCC Group with a corporate value of € 5.2 billion. The latter is much larger than GCP and has sales of € 2.7 billion, while the new acquisition of Saint-Gobain in the United States is € 1 billion.