The absence of a further divestment programme is a shame. As the comparison basis was low, we continue to expect moderate organic growth for the FY, some 3% if there is no unforeseeable negative event. We expect also an operating income growing proportionately with sales. Hence, we don’t expect a significant change in our valuation.
26 Apr 2019
Q1 19: no announcement of additional divestments is a shame
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Q1 19: no announcement of additional divestments is a shame
Compagnie de Saint-Gobain SA (COD:LON) | 7,220 0 0.0% | Mkt Cap: 36,566m
- Published:
26 Apr 2019 -
Author:
Felix Brunotte -
Pages:
3
The absence of a further divestment programme is a shame. As the comparison basis was low, we continue to expect moderate organic growth for the FY, some 3% if there is no unforeseeable negative event. We expect also an operating income growing proportionately with sales. Hence, we don’t expect a significant change in our valuation.