Saint Gobain: Oddo expects growth to slow
(CercleFinance.com) - Oddo has confirmed its buy rating on the Saint Gobain share, despite the slowdown in growth expected in the first quarter.
As was the case in H2 2017, the group should record very strong organic growth, in addition to a solid operational leverage, the broker said.
Oddo expects lacklustre Q1 sales, with growth limited to +1.8%. This marks a clear slowdown relative to performance in 2017 (+4.7%) and in particular Q4 (+6.5%). The broker also expects a sharp slowdown in organic growth (+1.8%e vs. +4.7% in 2017).
In terms of organic growth, Oddo also expects a much better performance over the rest of the year (organic growth of 4.1%e), with it saying that underlying demand remains as strong in most of the group's geographic areas.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
As was the case in H2 2017, the group should record very strong organic growth, in addition to a solid operational leverage, the broker said.
Oddo expects lacklustre Q1 sales, with growth limited to +1.8%. This marks a clear slowdown relative to performance in 2017 (+4.7%) and in particular Q4 (+6.5%). The broker also expects a sharp slowdown in organic growth (+1.8%e vs. +4.7% in 2017).
In terms of organic growth, Oddo also expects a much better performance over the rest of the year (organic growth of 4.1%e), with it saying that underlying demand remains as strong in most of the group's geographic areas.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.