France: Saint-Gobain recorded fourth-quarter sales of Euro10.2bn in 2020, up by 6% year-on-year on a like-for-like basis. The group noted a ‘strong pricing dynamic’ in the quarter. Its operating margin in the second half of 2020 was over Euro2bn, up by 20% year-on-year on a like-for-like basis. ‘Upbeat momentum’ in most markets buoyed results in the half.
The company said that the record second-half operating margin was achieved in part thanks to “successful portfolio optimisation measures under the ‘Transform & Grow’ programme, reductions in discretionary spending and a very positive price-cost spread. Its full annual results for 2020 will be published in late February 2021.
