Saint-Gobain released its FY19 results, with revenues in line with the consensus but operating profit beating the consensus by 1%. The company showed a strong FCF increment, primarily due to improved WCR. The Nordic countries, France, India, and China showed strong performances, while Latin America and the UK continued to be the troublemakers. The company is conservative about its 2020 outlook but aims to increase its FCF through internal measures and initiatives.
02 Mar 2020
FY19: stable performance with strong FCF
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FY19: stable performance with strong FCF
Compagnie de Saint-Gobain SA (COD:LON) | 7,220 0 0.0% | Mkt Cap: 36,566m
- Published:
02 Mar 2020 -
Author:
Sejal Varshney -
Pages:
3
Saint-Gobain released its FY19 results, with revenues in line with the consensus but operating profit beating the consensus by 1%. The company showed a strong FCF increment, primarily due to improved WCR. The Nordic countries, France, India, and China showed strong performances, while Latin America and the UK continued to be the troublemakers. The company is conservative about its 2020 outlook but aims to increase its FCF through internal measures and initiatives.