Saint-Gobain Reports Q1 2025 Sales Up 3.2%
Why we think this is neutral
The Q1 2025 results from Saint-Gobain show moderate revenue growth of 3.2% year-on-year, which is a NEUTRAL indicator. However, the RNS also mentions several headwinds and challenges facing the company, including a mixed macroeconomic environment, geopolitical uncertainty, and a wait-and-see attitude in some industrial markets. This suggests a slightly negative sentiment overall.
Key Points
- Q1 2025 sales up 3.2% to €11.7 billion
- Volumes stabilized at comparable working days, down 1.1% at actual working days
- Prices up 0.8% supported by disciplined execution
- Growth in Americas, Asia-Pacific and Northern Europe, declines in Southern Europe, Middle East & Africa
- 2025 outlook confirmed: operating margin expected to exceed 11.0%
Summary
Saint-Gobain reported Q1 2025 sales of €11.7 billion, up 3.2% year-on-year. The company saw a clear sequential improvement in volumes compared to Q4 2024, with prices up 0.8%. Performance was mixed across regions, with growth in the Americas, Asia-Pacific and Northern Europe, but declines in Southern Europe, Middle East & Africa. The company expects an operating margin of more than 11.0% for the full year 2025, despite a macroeconomic environment described as 'contrasted' with 'geopolitical uncertainties'.