|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.18 - 37.02|
|52 Week Range||35.18 - 67.12|
|Beta (5Y Monthly)||1.47|
|PE Ratio (TTM)||7.40|
|Earnings Date||Jul 28, 2022|
|Forward Dividend & Yield||1.63 (4.23%)|
|Ex-Dividend Date||Jun 06, 2022|
|1y Target Est||62.86|
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French construction material group Saint-Gobain, which has faced pressure from investors to increase its profitability, on Thursday confirmed it is aiming for growth in operating income in 2022. "In this context, Saint-Gobain confirms that it is targeting a further increase in operating income in 2022 compared with 2021 at comparable exchange rates", the company said in a statement. In response to Bluebell Capital's comments, St Gobain said the company valued the "input and perspectives we receive from investors and the constructive dialogue with them".
French construction materials giant Saint-Gobain has signed a long-term renewable power supply deal with Singapore-listed Sembcorp for its manufacturing facilities in southern Tamil Nadu state, the companies said on Tuesday. "Sembcorp will supply 33 MW of locally sourced renewable power to Saint-Gobain's manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur, over the next 25 years," the companies said in a joint statement. Under the deal, Sembcorp will supply wind and solar energy to Saint-Gobain through a special purpose vehicle, in which Sembcorp's Indian green energy unit will hold a 74% stake, with the remainder being held by Saint-Gobain, the companies said.
Saint-Gobain, which manufactures and distributes materials in sectors ranging from automotive to health, security, and food and beverages, also confirmed its previous target of earning a higher 2022 operating income versus 2021 at comparable exchange rates, amid good momentum in its main markets. "This inflation concerns in particular energy costs, especially in Europe where the Group has hedged around 80% of its natural gas and electricity purchases for 2022 as a whole," it added in its quarterly earnings statement. Saint-Gobain said it had drawn up various plans to continue its operations in "sensitive to Russian gas supplies" Germany, Poland and the Czech Republic, if Russia were to stop the flows completely.