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Saint-Gobain 2025 Sales Stable at €46.5B Amid Market Challenges

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Saint-Gobain reported 2025 sales of €46.5 billion, matching analyst expectations as the building materials group navigated uneven global markets. The French company saw sales rise 2.1% in local currencies while operating income increased 3.8%, demonstrating resilience despite headwinds in North America and Europe.

Europe showed improved momentum in the second half with sales up 1.1% in local currencies, while North America remained challenging though Saint-Gobain outperformed the broader market. Asia and emerging markets delivered strong growth of 12.6% in local currencies, boosted by recent acquisitions including Cemix and FOSROC. The company maintained its operating margin at 11.4% and generated €3.8 billion in free cash flow.

CEO Benoit Bazin highlighted the completion of the company's 2021-2025 'Grow & Impact' plan and outlined ambitious targets for 2026 under the new 'Lead & Grow' strategy. The company aims for an EBITDA margin exceeding 15% in 2026, though the first half will face challenges from extreme weather in Europe and North America. Saint-Gobain also recommended a €2.30 per share dividend, up 4.5%, alongside €402 million in share buybacks.