Resultados del 1er trimestre
El líder mundial
en construcción ligera y sostenible
First-quarter 2024 sales:
sequential improvement in volumes
· Sequential improvement in volumes in Q1 2024 at comparable working days and diferencial precio-costo positivo
· Decisive strategic steps reinforcing the Group's worldwide leadership in light and sustainable construction, with targeted and disciplined capital allocation:
o Geográficamente, with the announcement of the acquisitions of CSR Limited in Australia and Bailey in Canada
o In productos quimicos para la construccion, with six acquisitions announced or closed since the start of the year
· Confidence in the 2024 outlook: double-digit operating margin por cuarto año consecutivo
Igual a igual las ventas bajaron 5.8%, impacted by the decline in new construction in Europe but supported by growth in the Americas and Asia-Pacific.
Grupo procesos prices were down 1.1% pero el price-cost spread was positive, thanks to well-managed pricing and the decrease in certain raw material and energy costs.
Como se esperaba, volúmenes were down by 4.7% in first-quarter 2024 - Con un negativas working day effect of 1.5% at Group level - an improvement at comparable working days on the fourth-quarter 2023 actuación (bajada del 4.5%).
Sobre una base informada, sales came in at 11.4 mil millones de euros, with a negative currency effect of 0.5%. The negative Group structure impact of 2.2% reflects the optimización del perfil del Grupo, both in terms of disposals - mainly in distribution (UK), glass processing activities, foam insulation (UK), and railing and decking (US) - and in terms of acquisitions, mainly in construction chemicals (Izomaks, Adfil, Menkol Industries, Drymix, Technical Finishes, IDP Chemicals), in North America (Building Products of Canada, ICC in the US) and in Asia-Pacific (U.P. Twiga in India, Hume in Malaysia).
las adquisiciones de RSE limitada y Bailey, leading players in light and sustainable construction in the high-growth Australian and Canadian markets, will reinforce the Group's profitable growth profile. processes necessary for completion are underway.
Rendimiento del segmento (ventas comparables)
Europe, Middle East & Africa: sequential improvement in volumes, close to a low point
Sales in Europe were down 10.3% over the quarter, with a negative volume effect of 8.2% based on actual working days and of 6% at comparable working days (owing to the more negative working day effect than at Group level) - an improvement on fourth-quarter 2023 (down 8.2%). This was amid a sharp slowdown in new construction, with renovation (around 60% of sales) more resilient.
- Europa del Norte was down 11.0%, with the slowdown in new construction significantly affecting países nórdicos y Alemania, while renovation proved more resilient. The UK reported a smaller decline, benefiting from a strong commercial dynamic thanks to its comprehensive range of solutions. In Europa Oriental, Saint-Gobain delivered crecimiento de volumen por segundo trimestre consecutivo.
- Southern Europe, Middle East & Africa fell by 10.1% amid a sharp decline in new construction in Francia. Saint-Gobain nevertheless continued to outperform its market thanks to its strong exposure to renovation (benefiting from regulatory tailwinds and an increase in stimulus measures for energy renovation) and an enhanced offering. España and Italy saw volumes rise in resilient construction markets. Oriente Medio y África publicado fuerte crecimiento, particularly in Turkey and Egypt thanks to the success of recent investments.
Americas: strong sales growth driven by North America
La Región cumplió strong organic growth of 5.9%, with an increase in both volumes and prices, driven by the outperformance of North America.
- Norteamérica was up by 12.2%, driven by a dynamic renovation market (against a weak 2023 comparison basis for roofing) and with new construction having stabilized at a good level. The Group saw further market share gains thanks to its comprehensive, differentiated range of interior and exterior light construction solutions. The recent integrations of kaycan y Productos de construcción de Canadá added to this robust sales momentum.
- América Latina contracted 10.8% in markets that remained down, although the volume decline has now stabilized at the level seen in fourth-quarter 2023. In Brasil, certain macroeconomic indicators improved and the Group is benefiting from its comprehensive range of light construction solutions, for example with the renovation of São Paulo's Pacaembu stadium, where 20 of Saint-Gobain's solutions were used. The other countries in the Region benefited from the enhanced offering and mix.
Asia-Pacífico: buen impulso de ventas
La Región informó robust organic growth of 4.5% in the first quarter, notably driven by strong momentum in India.
India delivered another outperformance, with a double-digit rise in volumes, thanks to its comprehensive and innovative range of solutions. The Group is seeing the benefits of its numerous recent sustainability-driven initiatives: the production of very low-carbon plaster, the use of biogas, systems for recovering heat produced during manufacturing, and an increase in the proportion of recycled materials in production. In a difficult new construction market in China, the Group progressed and continued to capture market share owing to its reinforced positioning in the renovation market and to the attractiveness of its offer centred on performance and light construction along with circularity and service excellence. Sudeste de Asia remained at a good level, led by Malaysia, Indonesia and Singapore, owing mainly to the diversification of its portfolio and strong innovation.
High Performance Solutions (HPS): good momentum in Construction Chemicals; lower sales on industrial markets
HPS reported like-for-like sales down 5.4% over the quarter owing to a high prior-year comparison basis.
- negocios que atienden clientes globales de la construcción saw sales decline 6.7%, due to the sharp decline in Adfors' reinforcement solutions, which are exposed to new construction in Europe. Criso y GCP reported further good momentum, driven by infrastructure projects and innovation for decarbonizing construction. During the quarter Saint-Gobain Construction Chemicals signed a partnership agreement with Fortera in additive technologies for low-carbon cement and concrete, and opened two new plants.
- Movilidad sales stabilized (down 0.9%) against a high comparison basis following the rebound in sales in 2023, with further investments for innovation and the continued optimization of its industrial facilities with the announced closure of Avilès in Spain.
- negocios que atienden Industria contracted 8.6%, affected by a decline in industrial markets, especially those linked to investment cycles.
perspectivas 2024
In a geopolitical and macroeconomic environment that remains challenging, in 2024 Saint-Gobain will once again demonstrate its resilience and its excellent operating performance thanks to its focused strategy and its proactive commercial and industrial initiatives, enabling it to outperform its markets.
Saint-Gobain espera que algunos de sus mercados sigan siendo difíciles en 2024, especialmente en el primer semestre del año debido a una base de comparación elevada, con una situación contrastante entre Europa y el resto del mundo:
· Europe: resilience in renovation; new construction remaining difficult before gradually reaching a low point country by country;
· América: la construcción se mantendrá firme en América del Norte (nueva construcción y renovación); recuperación esperada durante el año en América Latina;
· Asia-Pacífico: buen crecimiento en la mayoría de los países;
· Soluciones de alto rendimiento: productos químicos para la construcción que experimentarán un crecimiento dinámico; Movilidad para mantenerse firme y situación contrastante en los mercados industriales en términos de demanda.
A pesar de un contexto que sigue siendo difícil en algunos mercados,
en 2024 Saint-Gobain espera un margen operativo de dos dígitos
por cuarto año consecutivo
Calendario financiero
Se realizará una conferencia telefónica a las 6:30 (hora de París) el 25 de abril de 2024:
dial +44 12 1281 8004, +1 718 705 8796 or + 33 1 70 91 87 04.
· UK site visit (Manchester): Tuesday July 2, 2024.
· First-half 2024 results: Thursday July 25, 2024, after close of trading on the Paris stock market.
· Ventas del tercer trimestre de 2024: Martes October 29, 2024, after close of trading on the Paris stock market.
Relaciones analistas/inversionistas | Relaciones de prensa | |||
Vivien Dardel: | Whatsapp +33 1 88 54 29 77 | Patricia María: | Whatsapp +33 1 88 54 26 83 | |
Floriana Michalowska: | Whatsapp +33 1 88 54 19 09 | Laure Bencheikh: | Whatsapp +33 1 88 54 26 38 | |
Alix Sicaud: | Whatsapp +33 1 88 54 38 70 | Yanice Biyogo: | Whatsapp +33 1 88 54 27 96 | |
James Weston: | Whatsapp +33 1 88 54 01 24 |
|
|
Glosario:
- Los indicadores de crecimiento orgánico y cambios comparables en ventas/ingresos operativos reflejan el desempeño subyacente del Grupo excluyendo el impacto de:
• cambios en la estructura del Grupo, mediante el cálculo de los indicadores del ejercicio analizado en base al perímetro de consolidación del ejercicio anterior (impacto en la estructura del Grupo);
• las variaciones de los tipos de cambio, mediante el cálculo de los indicadores del año objeto de análisis y del año anterior sobre la base de tipos de cambio idénticos del año anterior (impacto de tipo de cambio);
• cambios en las políticas contables aplicables.
- Ingresos de explotación = see Note 5 to the consolidated financial statements at December 31, 2023, available by clicking here https://www.saint-gobain.com/en/news/full-year-2023-results
- Margen operativo = utilidad de operación dividida por ventas.
Descargo de responsabilidad importante - declaraciones a futuro:
This press release contains forward-looking statements with respect to Saint-Gobain's financial condition, results, business, strategy, plans and outlook. Forward-looking statements are generally identified by the use of the words "expect", "anticipate", "believe", "intend", "estimate", "plan" and similar expressions. Although Saint-Gobain believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of its future performance. Actual results may differ materially from the forward-looking statements as a result of a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and are generally beyond the control of Saint-Gobain, including but not limited to the risks described in the "Risk Factors" section of Saint-Gobain's 2023 Universal Registration Document, available on Saint-Gobain's website (www.saint-gobain.com). En consecuencia, se advierte a los lectores de este documento que no confíen en estas declaraciones prospectivas. Estas declaraciones prospectivas se realizan a partir de la fecha de este documento. Saint-Gobain renuncia a cualquier intención u obligación de completar, actualizar o revisar estas declaraciones prospectivas, ya sea como resultado de nueva información, eventos futuros o de otra manera, excepto según lo exijan las leyes y reglamentos aplicables.
Este comunicado de prensa no constituye ninguna oferta de compra o intercambio, ni ninguna solicitud de oferta para vender o intercambiar valores de Saint-Gobain..
Para más información, visite www.saint-gobain.com
Anexo 1: Ventas por Segmento
Ventas del tercer trimestre de 1 | Ventas del tercer trimestre de 1 | Change on an actual structure basis | Change on a comparable structure basis | Cambio igual a igual | |
| |||||
Europa del Norte | 3,519 | 2,779 | - 21.0% | - 11.4% | - 11.0% |
Southern Europe, ME & Africa | 4,012 | 3,617 | - 9.8% | - 10.4% | - 10.1% |
América | 2,180 | 2,349 | + 7.8% | + 6.2% | + 5.9% |
Asia-Pacífico | 491 | 504 | + 2.6% | + 0.1% | + 4.5% |
Soluciones de alto rendimiento | 2,556 | 2,420 | - 5.3% | - 5.8% | - 5.4% |
Ventas internas y misc. | -352 | -313 | . . . | . . . | . . . |
Total del grupo | 12,406 | 11,356 | - 8.5% | - 6.3% | - 5.8% |
Anexo 2: Contribución del precio y los volúmenes al crecimiento orgánico de las ventas por Segmento
Q1 2024 | Cambio igual a igual | Precios | Volúmenes |
Europa del Norte | - 11.0% | - 1.7% | - 9.3% |
Southern Europe, ME & Africa | - 10.1% | - 2.4% | - 7.7% |
América | + 5.9% | + 0.7% | + 5.2% |
Asia-Pacífico | + 4.5% | - 4.0% | + 8.5% |
Soluciones de alto rendimiento | - 5.4% | - 0.3% | - 5.1% |
Total del grupo | - 5.8% | - 1.1% | - 4.7% |
Anexo 3: Desglose de crecimiento orgánico de ventas y ventas externas
Q1 2024 | Cambio igual a igual | % Grupo |
Europa del Norte | - 11.0% | 23.4% |
Nórdicos | - 15.0% | 10.9% |
Reino Unido - Irlanda | - 4.5% | 3.6% |
Alemania - Austria | - 13.1% | 2.9% |
Southern Europe, ME & Africa | - 10.1% | 31.1% |
Francia | - 12.3% | 23.6% |
España - Italia | - 0.7% | 4.2% |
América | + 5.9% | 20.2% |
Norteamérica | + 12.2% | 15.5% |
América Latina | - 10.8% | 4.7% |
Asia-Pacífico | + 4.5% | 4.2% |
Soluciones de alto rendimiento | - 5.4% | 21.1% |
Construcción e industria | - 8.0% | 13.1% |
Movilidad | - 0.9% | 8.0% |
Total del grupo | - 5.8% | 100.0% |
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.