Key information (half-year figures) • Reported sales decreased by 1.6%, grew by +2.9% lfl but were 0.5% below consensus. Volume effect +3.5%, price effect -0.6%, forex effect -3.5%, scope effect -1.0%. • EBITDA up by +3.8%. • Operating income grew by +7.3% on a reported basis and by +10.2% lfl but was only +1% above consensus. • Operating margin improved by +60bp to 7.0%. • Recurring net income grew by +13.0% but was 5.5% below consensus. • FCF increased by +13.0
01 Aug 2016
Volume recovery offset by negative forex movement and deflationary pressure
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Volume recovery offset by negative forex movement and deflationary pressure
Compagnie de Saint-Gobain SA (COD:LON) | 7,010 -7360.5 (-1.5%) | Mkt Cap: 35,502m
- Published:
01 Aug 2016 -
Author:
Felix Brunotte -
Pages:
5
Key information (half-year figures) • Reported sales decreased by 1.6%, grew by +2.9% lfl but were 0.5% below consensus. Volume effect +3.5%, price effect -0.6%, forex effect -3.5%, scope effect -1.0%. • EBITDA up by +3.8%. • Operating income grew by +7.3% on a reported basis and by +10.2% lfl but was only +1% above consensus. • Operating margin improved by +60bp to 7.0%. • Recurring net income grew by +13.0% but was 5.5% below consensus. • FCF increased by +13.0