Company’s net profit falls as higher profitability fails to offset lower sales
- Saint-Gobain plans a share buyback of 420 million euros in 2024
- Net profit for last year fell to EUR2.67 billion
- Sales decreased to EUR47.94 billion
- Operating profit fell 1.6% to EUR5.25 billion
- Proposed dividend of EUR2.10 a share
Saint-Gobain reported a fall in net profit for last year as higher profitability couldn’t offset lower sales. Net profit for last year was EUR2.67 billion compared with EUR3.00 billion a year before. Sales fell to EUR47.94 billion from EUR51.20 billion, hurt by lower volumes. Operating profit fell 1.6% to EUR5.25 billion. The company plans a share buyback of 420 million euros in 2024 and expects an operating margin in the double percentage digits for 2024. The board proposed a dividend of EUR2.10 a share.
Factuality Level: 9
Factuality Justification: The article provides specific details about Saint-Gobain’s financial performance, including net profit, sales, operating profit, and future plans. The information is clear, concise, and based on factual data without any apparent bias or misleading information.
Noise Level: 3
Noise Justification: The article provides relevant information about Saint-Gobain’s financial performance, including net profit, sales, operating profit, and future plans for a share buyback. The information is clear and concise, without any irrelevant or misleading content. It stays on topic and supports its claims with data and numbers. However, it lacks in-depth analysis, accountability, or insights into long-term trends or antifragility.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the construction materials industry and the stock market where Saint-Gobain is listed.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article does not describe any extreme events. It primarily focuses on Saint-Gobain’s financial performance, including a share buyback plan and the company’s net profit and sales figures for the previous year.
Public Companies: Saint-Gobain (EPA:SGO)
Key People: Adria Calatayud (Author)
Reported publicly:
www.marketwatch.com 
