Manish Beria's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership • H1 2019
Question
Manish Beria of Societe Generale requested guidance on year-end net debt, considering divestment proceeds and working capital movements, and asked for confirmation of EBIT margin improvement in the second half.
Answer
CFO Sreedhar declined to give a precise net debt forecast, citing the variable timing of M&A, but reiterated a commitment to discipline and noted the company's solid credit rating. CEO Pierre-André de Chalendar confirmed that the company does expect an additional increase in its operating margin in H2 compared to the second half of 2018.