Saint Gobain: FY earnings fall 23% to E1,470m
(CercleFinance.com) - Revenue for the year reached 38,128 million euros, compared with 42,573 million euros in 2019, with a 2.
7% negative FX impact over the year, including a 4.1% decline in the second half.
The group recorded a 22.4% rebound in operating profit in the second half of 2020 on a comparable basis, with a record margin of 10% (+160 basis points compared with the second half of 2019).
Its EBITDA margin increased by 20 basis points over the full year to 11.6% and by 200 basis points in the second half.
Underlying net profit activities increased by 23.4% in H2 to 1,198 million euros, and reached 1,470 million euros over the full year (23% down from 1,915 million euros in 2019).
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