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  2. SAINT-GOBAIN: Q4 SALES SIGNIFICANTLY OUTPERFORM EXPECTATIONS RECORD OPERATING MARGIN IN SECOND-HALF 2020

SAINT-GOBAIN: Q4 SALES SIGNIFICANTLY OUTPERFORM EXPECTATIONS RECORD OPERATING MARGIN IN SECOND-HALF 2020

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Sales for the fourth quarter of 2020 are expected to significantly outperform expectations and reach around €10.2 billion, representing organic growth* of more than 6%, with a strong pricing dynamic.

Financial report

The second-half results were buoyed by upbeat momentum on most of the Group’s markets, the full impact of the cost savings and successful portfolio optimization measures under the “Transform & Grow” program, reductions in discretionary spending, and a very positive price-cost spread.

In these conditions, operating income for second-half 2020 will exceed €2,000 million, representing like-for-like* growth of more than 20% compared to second-half 2019. The operating margin for second-half 2020 will therefore hit a record level.

The full annual results for 2020 along with the outlook for 2021 will be published on February 25, 2021.

* Based on comparable Group structure and exchange rates.