Saint-Gobain Share Buyback and Financial Results 2023

by webmaster

Saint-Gobain, a French construction-materials company, revealed its plans to initiate a share buyback of 420 million euros ($455.3 million) in 2024. Despite experiencing a decrease in net profit for the last year, the company remains optimistic about its future prospects.

Financial Performance Overview

  • Net Profit: EUR2.67 billion (down from EUR3.00 billion the previous year)
  • Sales: EUR47.94 billion (compared to EUR51.20 billion)
  • Operating Profit: EUR5.25 billion (1.6% decrease)
  • Operating Margin: Increased to 11.0% from 10.4%

Analyst Expectations

  • Analysts anticipated an operating profit of EUR5.16 billion on revenue of EUR48.05 billion.

Future Projections

  • Saint-Gobain aims to achieve an operating margin in the double-digit percentage range for 2024.

Dividend and Share Buyback Program

  • The board has proposed a dividend of EUR2.10 per share, representing an increase from EUR2.00 in the previous year.
  • The planned share buyback of EUR420 million signals the completion of a five-year EUR2 billion program one year ahead of schedule.

Adria Calatayud contributed to this report.

Willing to try automated trading?
See the best forex robots rating to make the right choice.
Explore the list here >
Willing to try automated trading?
See the best forex robots rating to make the right choice.
Explore the list here >

Related Articles

Leave a Comment

19 + = 29