Gypsum industry news
Saint-Gobain’s sales fall by 10% to Euro38.1bn in 2020 31 March 2021
France: Saint-Gobain recorded consolidated net sales of Euro38.1bn in 2020, down by 10% year-on-year from Euro42.6m in 2019. Earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 9% to Euro4.42bn from Euro4.87bn. Following a 12% like-for-like contraction in the first half of 2020, consolidated net sales grew by 5% on a like-for-like basis in the second half of 2020, with a 5% increase in gypsum wallboard volumes and a 1% increase in prices.
Chair and chief executive officer Pierre-André de Chalendar said, “The record results of the Group for second-half 2020 confirm the pertinence of the Group’s differentiation strategy and the success of its profound transformation begun several years ago. I would like to sincerely thank the teams for these excellent results achieved and for their unwavering commitment and solidarity."
