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    Laurent Runacher

    Research Analyst at Exane Asset Management

    Laurent Runacher's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership

    Laurent Runacher's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership • Q1 2021

    Question

    Laurent Runacher of Exane Asset Management asked for confirmation on the historical rule of thumb for operational leverage, specifically the EBIT margin contribution from a 1% volume increase in the Distribution and Industrial divisions.

    Answer

    Pierre-Andre de Chalendar deferred the question, stating that the topic of operational leverage would be addressed during the H1 results presentation in July, as the current call was focused on sales performance.

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    Laurent Runacher's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership • H1 2019

    Question

    Laurent Runacher from Exane Asset Management inquired about the company's ambition for retaining the additional savings from the revised Transform & Grow target as operating profit.

    Answer

    CFO Sreedhar and CEO Pierre-André de Chalendar confirmed that savings from the Transform & Grow program are structural and intended to flow directly to the operating profit, unlike general operational excellence savings that often offset other cost inflation. COO Benoit Bazin added that €35 million in savings was already reflected in the first-half P&L.

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