(Boursier.com) — Successful end-of-year exam for Saint Gobain. The building materials giant climbed 3.8% to 56.6 euros after having had a record year in 2021, driven by the dynamism of the construction sector in the United States and Asia and its exposure to the European construction market. renovation. Over the past financial year, the group notably saw its operating profit jump 57.9% to 4.51 billion euros, enabling it to generate a double-digit margin for the first time (10.2%).
The firm, which posted an 18.4% year-on-year rise in like-for-like revenue for 2021, raised prices to try to offset the impact of inflation. “The price effect reached +6.7% over the year as a whole, and strengthened continuously during the year to reach +9.5% in the second half alone and +10, 3% in the fourth quarter”.
Management is targeting another year of operating profit growth at comparable exchange rates in 2022.
Oddo BHF (‘outperformer’) explains that the stock fell yesterday, under the effect of baskets of shares of gas-sensitive companies and a reduction in the leverage of certain investors. If the fears seem justified in the short term, the stock market performance and especially the valuation in no way reflect the progress made over the past year in terms of results, prospects and strategic decisions. In the end, the analyst evokes an unexpected opportunity to strengthen on a stock with strong rebound potential in 2022: green deal, sustainable ESG profile and new emblematic disposals.
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