According to Saint-Gobain, the highlight of the Q3 2021 financial results are:
- Sequential acceleration in organic growth: up 13.3 percent in Q3 2021 versus Q3 2019, confirming the good momentum in underlying markets, with volumes up 3.6 percent
- The Group is confident that it will be able to offset raw material and energy cost inflation over full-year 2021 given the sharp 8.7 percent acceleration in prices in Q3 2021 versus Q3 2020
- Ongoing optimization of the Group’s growth and profitability profile:
o Acquisitions signed contributing around 850 million EUR to full-year sales (including Chryso)
o Divestments representing around 1,850 million EUR in full-year sales - Annual targets confirmed: a very strong increase in operating income over full-year 2021 to a new all-time high, with like-for-like operating income in second-half 2021 close to the previous record of second-half 2020
- Launch of the “Grow & Impact” plan at the Capital Markets Day on October 6, 2021: strong commitment from teams to accelerate profitable growth and maximize the Group’s positive impact in the fight against climate change
To download the full report click here.