Earnings release
Page 1
SAINT - GOBAIN PRESS RELEASE Paris , April 29 , 2021 5:45 pm • Record organic growth in Q1 2021 : up 14.3 % on Q1 2020 and up 9.0 % on Q1 2019 Strong volume growth , up 11.7 % versus Q1 2020 and up 5.8 % versus Q1 2019 , reflecting good momentum on underlying markets and market share gains • Acceleration in the price increase to 2.6 % on Q1 2020 in a more inflationary cost environment • Negative currency impact of 3.8 % and positive Group structure impact of 0.4 % versus Q1 2020 2021-2020 2021-2019 Q1 2020 Q1 Change on 2021 an actual Change on a comparable ( in € m ) ( in € m ) structure structure Like - for - like Like - for - like change change basis basis High Performance Solutions 1,712 1,811 + 5.8 % + 5.5 % + 11.8 % + 2.7 % Northern Europe 3,219 3,387 + 5.2 % + 4.9 % + 5.1 % + 4.8 % Southern Europe - ME & Africa 2,983 3,526 + 18.2 % + 18.9 % + 19.7 % + 9.5 % Americas 1,370 1,512 + 10.4 % + 7.3 % + 22.3 % + 23.9 % Asia - Pacific 337 417 + 23.7 % + 23.9 % + 31.8 % + 15.4 % Internal sales and misc . Group Total -258 -274 --- --- --- 9,363 10,379 + 10.9 % + 10.5 % + 14.3 % + 9.0 % Sales rose sharply like - for - like , up 14.3 % against a first - quarter 2020 comparison basis that was already affected by the coronavirus ( down 4.9 % versus first - quarter 2019 ) and up 9.0 % versus first- quarter 2019. This acceleration in organic growth was supported by the Group's comprehensive solutions for sustainability and performance . It reflects market share gains and the good dynamic across all of our segments , particularly renovation in Europe , and construction in the Americas and in Asia - Pacific . Overall , industrial markets continued their sequential improvement . Group volumes were up by 11.7 % over the quarter and by 5.8 % on first - quarter 2019 , continuing the supportive trends of fourth - quarter 2020 ( up 4.6 % ) . The first quarter also benefited from a volume anticipation effect in March in light of price increase announcements . The price increase accelerated to 2.6 % amid increased energy and raw material cost inflation .