Saint-Gobain reports stable 2025 sales as operating income rises

Investing.com -- Saint-Gobain reported 2025 sales of €46.5 billion, broadly in line with analyst expectations, as the building materials group delivered stable margins despite uneven global markets.

The company said sales rose 2.1% in local currencies, while operating income increased 3.8% on the same basis. Its U.S. ADRs were down about 1.1% on Thursday.

The group highlighted improved momentum in Europe in the second half, where sales increased 1.1% in local currencies.

North America remained challenging, but Saint-Gobain said it continued to outperform the market. Asia and emerging markets posted strong growth of 12.6% in local currencies, supported by the integration of recent acquisitions, including Cemix and FOSROC.

Operating margin stayed stable at 11.4%, and free cash flow came in at €3.8 billion. The company recommended a dividend of €2.30 per share for 2025, up 4.5%, alongside €402 million in share buybacks.

Chief Executive Benoit Bazin said the group “once again demonstrated the strength of its strategic position” and highlighted the completion of the company’s 2021-2025 “Grow & Impact” plan.

He added that 2026 would “open an attractive new chapter of profitable growth” under its new “Lead & Grow” strategy, which aims to deepen its solutions offering and expand in infrastructure and non-residential markets.

Saint-Gobain expects an EBITDA margin of more than 15 percent in 2026, though the first half will be affected by extreme weather in Europe and North America.

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