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SAINT - GOBAIN Paris , July 29 , 2021 , 6:00 pm PRESS RELEASE First - half 2021 results • • • • • • New records for all performance indicators + 11.9 % in organic growth versus first - half 2019 and + 27.4 % versus first - half 2020 : + 7.6 % in volumes versus first - half 2019 : strong momentum on underlying markets and market share gains ○ ○ + 4.3 % in prices versus first - half 2019 ( + 3.9 % versus first - half 2020 ) , an acceleration in a far more inflationary environment + 53 % in like - for - like operating income versus first - half 2019 , to € 2,376 million 10.7 % operating margin in first - half 2021 versus 7.6 % in first - half 2019 Successful conclusion of “ Transform & Grow " , with objectives significantly exceeded : 10.4 % operating margin on a rolling 12 - month basis + 34 % in EBITDA versus first - half 2019 to € 3,248 million , and EBITDA margin at 14.7 % + 60 % in recurring net income versus first - half 2019 to € 1,506 million + 47 % in free cash flow versus first - half 2020 to € 2,461 million with a conversion ratio of 84 % 2021 operating income target raised : record figure for the full year Enhanced growth and profitability profile as a leading player in light and sustainable construction Benoit Bazin , Chief Executive Officer of Saint - Gobain , commented : “ These first - half 2021 record results surpass even our second - half 2020 performance . This success reflects the profound positive changes in our organization from " Transform & Grow " - streamlined , agile and closely aligned with its customers - thanks to our extremely committed teams who have stepped up to the challenge across the globe in this unprecedented period . It also reflects structural changes in our markets , which should show an acceleration in growth over the coming years . With divestitures of € 5.3 billion in sales either closed or signed since the end of 2018 , the Group continues to optimize its profile . Saint - Gobain is now on a new growth and profitability trajectory and is affirming its position as a leading player in decarbonization solutions for construction and industry , thanks to its comprehensive range of integrated and light solutions providing customers with sustainability and performance . Against this supportive backdrop , we are targeting a very strong increase in operating income over full - year 2021 to a new all - time high , and for second - half 2021 we are confident in the Group's ability to deliver like - for - like operating income close to the previous record of second - half 2020. "