Compagnie de Saint-Gobain S.A. (CODYY) Q3 2025 Sales Call Transcript

B. Bazin
Chairman & CEO

Thank you. Good evening, everybody. I hope that you have received our press release, and you have been able to go through the highlights. So together with Maud, our CFO, we will present our Q3 2025 sales performance.

Saint-Gobain delivered plus 1.3% sales growth in local currencies in the third quarter. Like-for-like sales were stable, driven by good dynamics in Asia Pacific and Latin America and the return to growth in Europe despite the decrease in North America. We have seen a strong dynamic in construction chemicals, which, as you know, has been one of our target areas for growth investment. Sales were up 18% in local currencies in the third quarter. This was driven by an outperformance in like-for-like sales, which were up 2.6% and also double-digit growth from our recent acquisitions in construction chemicals, notably Cemix in Latin America FOSROC in India and the Middle East, contributing to the strong growth. The integrations are going well, and synergies are on track.

Many of you participated in our Capital Markets Day earlier this month, and I hope you enjoyed your discussions