Saint-Gobain: targets new record operating margin
(CercleFinance.com) - Sales fell by 4.
9% to E36.5bn as reported at end-September and by 10.5% to E11.6bn in Q3, with a currency effect of -2.2% over 9m and -3.9% in Q3, and a scope effect of -2.7% over 9m? with -3.5% in Q3.
The glass manufacturer has confirmed its market assumptions for 2023, with a contrasting situation between the marked decline in new construction in some regions and the generally sound resilience of renovation.
Against a backdrop of a moderate market slowdown, Saint-Gobain is targeting a new record operating margin for FY 2023, in double-digits for the third year in a row.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
9% to E36.5bn as reported at end-September and by 10.5% to E11.6bn in Q3, with a currency effect of -2.2% over 9m and -3.9% in Q3, and a scope effect of -2.7% over 9m? with -3.5% in Q3.
The glass manufacturer has confirmed its market assumptions for 2023, with a contrasting situation between the marked decline in new construction in some regions and the generally sound resilience of renovation.
Against a backdrop of a moderate market slowdown, Saint-Gobain is targeting a new record operating margin for FY 2023, in double-digits for the third year in a row.
Copyright (c) 2023 CercleFinance.com. All rights reserved.