Compagnie de Saint-Gobain S.A. (CODYY) Q3 2026 Sales/Trading Call Transcript
(CODYY) Q3 2026 Sales/Trading Call October 27, 2026 1:30 PM EDT B.
Bazin - Chairman & CEOMaud Thuaudet - Chief Financial Officer Cedar Ekblom - Morgan Stanley, Research DivisionElodie Rall - JPMorgan Chase & Co, Research DivisionArnaud Lehmann - BofA Securities, Research DivisionEbrahim Homani - CIC Market Solutions (ESN), Research DivisionBenjamin Rada Martin - Goldman Sachs Group, Inc., Research DivisionYassine Touahri - On Field Investment Research LLPHarry Goad - Joh.
KG, Research DivisionJulian Radlinger - UBS Investment Bank, Research DivisionWilliam Jones - Rothschild & Co Redburn, Research Division Good evening, everybody.
I hope that you have received our press release and you have been able to go through the highlights.
Together with Maud, our CFO, we will present our Q3 2026 sales.
Like-for-like sales increased plus 2.5% in Q3.
In July, we told you that the longer the war in the Middle East lasted, the more the like-for-like would be driven by price.
And this is indeed what we saw in Q3 with pricing driving the like-for-like, demonstrating our strong pricing power.
We saw like-for-like growth in all regions and another outperformance in Construction Chemicals with plus 6.3% growth in the quarter.
The rollout of our Lead & Grow strategy continues.
Our solution strategy is working well, pulling the offer country by country to deliver more high added value sales, more specified sales and also more cross-selling.
Our broader range of solutions is driving double-digit growth in Poland and the Czech Republic.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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