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Saint-Gobain: presents new strategic plan

( - Saint-Gobain is launching "Grow & Impact", its new strategic plan designed to accelerate the Group's profitable growth.

Saint-Gobain reiterates its targets for 2021, now aiming to post very strong growth in operating income to a new historical high over the full year, with, in H2 2021, operating income that is close to the previous record in H2 2020 (LFL).

The Group has set new average annual financial targets for the period 2021-2025, including an acceleration of earnings and cash generation. It is targeting organic revenue growth of +3% to +5%, an operating margin of 9% to 11%, a free cash flow conversion rate of over 50%, and ROCE of 12% to 15%.

Sustainable solutions represent 72% of total revenues. Solutions sold by the Group in one year avoid the emission of approximately 1,300 million tonnes of CO2 over their lifetime.

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