This is the advantage of producing and selling essential products in a rapidly growing market: prices can be increased.
Saint-Gobain published record 2021 results on Thursday which confirm the building materials group's power to increase its prices in line with the inflation suffered on its purchases of raw materials.
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Its turnover reached 44 billion euros (+16% over one year, its previous record).
Its current net income reached 2.8 billion, up 98% over one year and 50% over two years.
"We have beaten the group's historical financial records
," welcomes the general manager, Benoît Bazin.
Saint-Gobain owes these results to its transformation strategy launched in 2018, with in particular the optimization of its business portfolio: disposal of assets generating 2 billion euros in revenue, acquisition of new activities weighing so much.
The surge in commodity prices and energy prices would have…
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