• Good resilience in sales, down 0.9% like-for-like despite a difficult environment in new construction in Europe
• Record operating margin of 11.0% (up in all Regions) and record operating income at constant exchange rates
• Record free cash flow of €3.9bn, with a cash conversion ratio of 62%
• 34% reduction in CO2 emissions vs 2017 (scope 1 and 2)
• Total shareholder return (TSR) of 51% in 2023, with €1.6bn of share buybacks and dividends. Dividend of €2.10 (+5%) recommended for 2023
• 2024 outlook: despite a context which remains difficult in certain markets, the Group expects a double-digit operating margin for the fourth consecutive year

Saint-Gobain, through its building products subsidiary CertainTeed Canada Inc., has completed installation of a heat exchanger system on its industrial drywall board dryer at its gypsum facility outside Vancouver, British Columbia, which is expected to reduce the plant’s Scope 1 carbon dioxide emissions by nearly 15%. This project, the first of its kind for CertainTeed Canada, signifies a substantial investment towards increased efficiency, output and recycling, and aligns with the company’s goal to deliver the most sustainable local products to customers.

Saint-Gobain today announced that it has acquired the business assets of International Cellulose Corporation (ICC), a privately owned manufacturer of commercial specialty insulation products, including spray-on thermal and acoustical finishing systems.

The acquisition of ICC’s assets will allow Saint-Gobain to reinforce its leadership position in light and sustainable construction by offering fireproofing and insulation solutions that will enhance energy conservation and efficiency in commercial spaces

Saint-Gobain today announced that it has been awarded Global Top Employer certification by the Top Employers Institute for 2024, the ninth consecutive year the company has been awarded this prestigious honor. This year, Saint-Gobain is one of only 17 companies around the world to receive this label, highlighting the company’s success in executing its Grow & Impact strategy, which includes a commitment to building a workplace culture based on trust, empowerment and collaboration.

NOVA by Saint-Gobain recently invested in ION Storage Systems to expand the relationship between Saint-Gobain Ceramics and ION as they work together on bringing an innovative approach for battery technologies. ION provides battery solutions for applications used in defense, aerospace, consumer electronics, electric vehicles, and grid storage.

Saint-Gobain North America, one of the world’s largest building materials companies and the leader in light and sustainable construction, has received a score of 90 out of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, matching its strong score in 2022. The Corporate Equality Index is the United States’ foremost national roadmap and benchmarking tool for U.S. businesses on corporate policies, practices and benefits pertinent to lesbian, gay, bisexual, transgender and queer employees.

Today Saint-Gobain, through its building products subsidiary CertainTeed Roofing, held a groundbreaking ceremony to mark construction toward a new, state-of-the-art roofing manufacturing and distribution center in Bryan, Texas. This multi-year project reaffirms Saint-Gobain’s position as the leader in light and sustainable construction, allowing the company to better serve its customers with quality roofing products in the southern United States. 

Saint-Gobain North America announced today that it has been named Best Large Organization for Business Culture in the international category at the 2023 Business Culture Awards. The company was honored for its commitment to address barriers for women in the manufacturing industry and its work to create an inclusive and welcoming culture for all employees.

Sequential price stability in Q3 2023, generating a positive price-cost spread

• Volumes in Q3 2023 in line with expectations for the year
• Further proof of the Group’s resilience in a difficult environment
• Share buyback of €540m so far this year, ahead of target
• 2023 outlook: new record operating margin expected in 2023, double-digit for the third consecutive year

Saint-Gobain North America, through its subsidiary Saint-Gobain Life Sciences, has enhanced operational practices and upgraded key equipment at its facility in Akron, Ohio, saving over 10,000,000 gallons of water over the past two years, 500 MWh of energy, and reducing landfill waste by 24%. In addition, the decrease in energy usage has led to a 17% reduction in the facility’s Scope 2 emissions compared to 2021