Saint-Gobain: 2023 Annual Results [Yahoo! Finance]
COMPAGNIE ST GBN UNSP/ADR (CODYY)
NASDAQ:AMEX Investor Relations:
saint-gobain.com/en/finance
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Source: Yahoo! Finance
Record operating margin of 11.0% (up in all Regions) and record operating income at constant exchange rates Record free cash flow of €3.9bn , with a cash conversion ratio of 62% 34% reduction in CO emissions vs 2017 (scope 1 and 2) Total shareholder return (TSR) of 51% in 2023 , with €1.6bn of share buybacks and dividends. Dividend of €2.10 (+5%) recommended for 2023 2024 outlook : despite a context which remains difficult in certain markets, the Group expects a double-digit operating margin for the fourth consecutive year COURBEVOIE, France, February 29, 2024 BUSINESS WIRE Benoit Bazin, Chief Executive Officer of Saint-Gobain, commented: "In a difficult macroeconomic environment with lower volumes, Saint-Gobain once again demonstrated the strength of its "Grow & Impact" strategy and of its positioning as the worldwide leader in light and sustainable construction. Our cost actions and well-managed pricing helped drive an improvement in the operating margin and in free cas
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