Saint-Gobain 2023 Sales EUR47.94B [MarketWatch]
COMPAGNIE ST GBN UNSP/ADR (CODYY)
NASDAQ:AMEX Investor Relations:
saint-gobain.com/en/finance
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Source: MarketWatch
Net profit for last year was EUR2.67 billion compared with EUR3.00 billion a year before, the French construction-materials company said Thursday. Advertisement Sales fell to EUR47.94 billion from EUR51.20 billion, hurt by lower volumes. Sales were down 0.9% on a like-for-like basis, the company said. Operating profit fell 1.6% to EUR5.25 billion, with a margin that expanded to 11.0% from 10.4%. Analysts polled by FactSet expected Saint-Gobain to report an operating profit of EUR5.16 billion on revenue of EUR48.05 billion. For 2024, the company said it expects an operating margin in the double percentage digits. The board proposed a dividend of EUR2.10 a share, up from EUR2.00 a year before, and said its planned EUR420 million in buybacks mean a five-year program of EUR2 billion will be completed one year earlier than expected. Write to Adria Calatayud at adria.calatayud@wsj.com
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