Compagnie de Saint-Gobain SA
SGO: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @%% | LOCK|>@> | LOCK|rw@CqV |
Saint-Gobain Earnings: Sales Decline Better Than Feared; Shares Are Fairly Valued
Saint-Gobain posted a 2.3% decline in like-for-like sales year over year to EUR 11.1 billion, comfortably exceeding the company-compiled estimate of EUR 10.9 billion. The decline in sales was largely due to lower demand for roofing products in North America against a tough comparable.
