All of the Saint-Gobain Group’s financial objectives set out in the “Grow & Impact” plan in 2021 have been achieved, setting the Group on a financial trajectory marked by growth in earnings, cash flow and value creation.
On average over the four-year period 2021-2024, the Group delivered organic growth of 3.9 percent, operating margin of 10.8 percent, a free cash flow conversion ratio of 59 percent and ROCE of 15.4 percent.
Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain, said, “Our 2024 results once again demonstrate the success of Saint-Gobain’s new profile, with the Group delivering a very strong operating performance despite a mixed macroeconomic environment. The roll-out of our comprehensive range of sustainable and innovative solutions for our customers along with our local performance-driven organization have enabled us to report new record results.
“Over the past 12 months, Saint-Gobain also completed four landmark acquisitions, which are perfectly aligned with our strategy of worldwide leadership in light and sustainable construction and located in regions with strong structural growth: CSR in Australia, Bailey in Canada and, in construction chemicals, Cemix in Mexico and FOSROC in India and the Middle East. I’m once again extremely grateful for the dedication and talent shown by all our teams, who are key to our success.
“I am confident that 2025 will be another successful year for Saint-Gobain, thanks to a good dynamic in most of our regions, a gradual recovery in Western Europe, and the integration of our recent acquisitions. In this context, the Group is expecting an operating margin of more than 11.0% in 2025, above the initial objective of its strategic plan.
“After the success of the “Grow & Impact” plan, we will share the Group’s new ambitions at our Investor Day on October 6, reflecting the continuation of our strategy of worldwide leadership in light and sustainable construction along with our growth and out-performance plan.”
For more detailed information on Saint-Gobain’s 2024 results and future outlook, the full report is available here.
Source: Saint-Gobain Group with additional information added by GlassBalkan
