Tobias Alfred Woerner's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership • Q3 2020
Question
Tobias Woerner asked which parts of the High Performance Solutions (HPS) segment were dragging on margins, about the current profitability of the Lapeyre business, and whether the volume rebound required to hit 2018 levels in 2021 was challenging.
Answer
CFO N. Sreedhar explained that Mobility and industrial businesses tied to customer investment cycles were weighing on HPS margins, while Life Sciences performed well. He confirmed Lapeyre's profitability is negative but improving. CEO Pierre-André de Chalendar acknowledged the math on the volume rebound but cited the volatile environment as the reason for tying the margin target to that specific volume level.