(CercleFinance.com) – Saint-Gobain publishes a turnover of €47.9 billion for the 2023 financial year, a figure down 6.4% in published data compared to 2022 (-0.9% comparable).
Operating profit showed a decline of 1.6%, to €5.2 billion, while operating profit stood at €4.2 billion (-7.7%).
Saint-Gobain ultimately recorded current net income of €3.2 billion in 2023, down 2.8% compared to 2022, or current EPS of €6.39 (-1.4%).
EBITDA stood at €7 billion, close to its historic high of 2022 (E7.1 billion).
Finally, free cash flow reached a new record at 3,910 million euros, multiplied by 3 compared to 2018.
The Board of Directors of Saint-Gobain has decided to propose to the General Meeting of June 6, 2024 the cash distribution of a dividend increased by +5% to 2.10 euros per share for the 2023 financial year. .
The Group also plans to complete its 2 billion euro share buyback program announced in 2021 for 5 years in 2024 – a year earlier than planned – with 420 million euros worth of share buybacks this year. year.
For 2024, Benoit Bazin, CEO of Saint-Gobain, indicated that he was aiming for a double-digit operating margin for the fourth consecutive year, ‘despite a context which remains difficult in certain markets’.