Saint-Gobain: solid 2019 results

(CercleFinance.com) - On Thursday evening Saint-Gobain announced FY 2019 sales of 42.
573 billion euros in 2019, up 1.9% in real terms and up 2.4% in comparable terms.

The group's operating margin rose by 30 points, reaching 8% over the year, with a margin of 8.4% in H2.

Meanwhile, underlying net income came in at 1.915 billion euros, up significantly (+10%). Net income (Group share) was 1.4 billion euros in 2019, up 254.2%.

In 2020, the grouop targets new LFL growth in its operating profit, albeit with uncertainties surrounding the impact of the coronavirus, Saint-Gobain said regarding its outlook.


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