Compagnie de Saint-Gobain SA (OTCPK:CODYY)
$ 18.97 0.45 (2.43%) Market Cap: 46.08 Bil Enterprise Value: 57.58 Bil PE Ratio: 15.40 PB Ratio: 1.84 GF Score: 79/100

Q1 2022 Compagnie de Saint Gobain SA Corporate Sales Call Transcript

Apr 28, 2022 / 04:30PM GMT
Release Date Price: $11.87 (+3.22%)
Benoit Bazin
Compagnie de Saint-Gobain S.A. - CEO & Director

Good evening, everybody. I hope that you have received our press release and that you have been able already to go through the highlights. Together with Sreedhar, we will comment our Q1 sales and take your questions. I'm very satisfied with our start of the year and the excellent dynamic that we have been able to deliver again in this first quarter.

Let me sum up what has been a new record as the first quarter sales performance. We have achieved very dynamic organic growth in Q1, up 16.4%, making the most of supportive underlying markets and being very focused to leverage our pricing power and accelerate our price increases in a timely manner in the face of higher inflation.

As a result, all our 5 segments have achieved double-digit like-for-like growth. This reflects the group's strong strategic positioning as the worldwide leader in light and sustainable construction. Also a strong governance country by country to offer unique innovative solutions. And finally, a commitment to strong execution from our teams on very

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