Compagnie de Saint-Gobain (SGO) AGM 2026 summary

Opening remarks and agenda

• Chairman and CEO opened the AGM, introduced executive team, and confirmed quorum with over 20% voting rights present.

• Agenda included strategy, financial and non-financial performance, board updates, auditor reports, resolutions, Q&A, and voting.

Financial performance review

• 2025 sales reached EUR 46.5 billion, EBITDA EUR 7.2 billion, with 2.1% sales growth and 3.4% EBITDA growth in local currency.

• Operating margin at 11.4%, EBITDA margin stable at 15.5%, recurring net income EUR 3.3 billion, ROCE at 14%.

• Free cash flow EUR 3.8 billion, up 29% since 2021; gearing at 1.4x EBITDA.

• Regional highlights: Europe stable, Americas up 1.5%, Latin America up 13.5%, Asia-Pacific up 16.9% with strong India and Vietnam growth.

• Share price up 109% since 2021, outperforming CAC 40.

Board and executive committee updates

• Board composition is diverse and independent, with 45% non-French nationals and 100% attendance.

• Three expert committees: Audit and Risk, CSR, and Nominations and Compensation.

• Thierry Delaporte reappointed as Audit and Risk Committee Chair.