Saint-Gobain: accelerates portfolio rotation; new structure
(CercleFinance.com) - Saint-Gobain has announced a new acceleration of portfolio rotation in, strategic initiatives that the group expects will increase its operating margin by over 100 basis points.
"New organizational structure with five reporting units to align the business more closely to its markets, to increase agility and empowerment, to enhance synergies through drastic simplification, and to foster growth".
The rotation of the building materials group's portfolio is on track to divest businesses representing sales of at least 3 billion euros by the end of 2019 for around 1 billion euros in value.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
"New organizational structure with five reporting units to align the business more closely to its markets, to increase agility and empowerment, to enhance synergies through drastic simplification, and to foster growth".
The rotation of the building materials group's portfolio is on track to divest businesses representing sales of at least 3 billion euros by the end of 2019 for around 1 billion euros in value.
Copyright (c) 2018 CercleFinance.com. All rights reserved.