Saint-Gobain Achieves Record-Breaking H1 2023 Results

Date: 31 July 2023
Source: Saint-Gobain
Saint-Gobain Achieves Record-Breaking H1 2023 Results
Photo source
Saint-Gobain

Date: 31 July 2023

First-half 2023 once again demonstrated the Group’s resilience with a record operating margin of 11.3% and record operating income of €2,813m despite a difficult environment.

• Significant operating income growth in North America, Asia and emerging countries, which represent over 60% of the Group’s earnings

• Strong increase in free cash flow, up 30% at €2,192m

• Double-digit operating margin expected in full-year 2023 for the third consecutive year, demonstrating the Group’s resilience

Benoit Bazin, Chief Executive Officer of Saint-Gobain, commented: “In a difficult macroeconomic environment, the Group once again demonstrated the

effectiveness of its “Grow & Impact” strategy and the resilience of its decentralized operating model. Thanks to our teams’ agility, entrepreneurial spirit and dedication, we once again delivered record earnings, margins, and value creation in the first half of 2023. Our organization by country has enabled the Group to outperform, both by proactively adapting our operations on the ground but also by making selective growth investments, including in additional production capacity and with acquisitions such as Building Products of Canada.

The full REPORT of Saint-Gobain's impressive performance is available for review, showcasing how the company's vision and operational excellence continue to set new benchmarks within the industry.

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600450 Saint-Gobain Achieves Record-Breaking H1 2023 Results glassonweb.com

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