After the success of its previous plan (“Grow & Impact”), Saint-Gobain, the worldwide leader in light and sustainable construction, launches its new strategic plan, “Lead & Grow”. With #1 positions in every region and its country-based operating model, well-adapted to its local markets and a deglobalised world, the Group is raising its profitable growth trajectory, targeting:
• Outperformance thanks to an unrivalled suite of solutions, delivering performance and sustainability for buildings and enabling the Group to increase its exposure to nonresidential and infrastructure.
• A strategy focused on growth and value creation with:
o Around €12bn in growth capex and acquisitions over the period 2026-2030
o Continued optimisation of the Group’s profile with asset rotation expected to represent over 20% of sales by 2030
• An ambitious financial trajectory over the period 2026-2030, with targets raised:
o Mid-single-digit sales growth on average in local currencies with market outperformance of 1 to 2 points
o EBITDA margin of between 15% and 18%
o Free cash flow conversion ratio above 50%
o ROCE above 13%
• Attractive shareholder returns with around €8bn expected to be distributed in dividends and share buybacks by 2030
Benoit Bazin, Chairman and Chief Executive Officer, commented:
As the worldwide leader in light and sustainable construction, Saint-Gobain is best positioned to address the key challenges of the construction sector thanks to its full suite of innovative and sustainable solutions. Over the last few years, the Group has demonstrated the strength of its new profile and its capacity for execution with its “Grow & Impact” plan. With “Lead & Grow”, the Group further elevates its trajectory for growth, profitability and value creation for its shareholders and customers. In the current geopolitical context, Saint-Gobain benefits from the powerful operating model it has established and optimised country-by-country, based on local value chains.
Thanks to the know-how and commitment of our teams, I am confident we will outperform in each geography and seize major opportunities: in Asia and high-growth countries driven by demographics and urbanisation, in North America with strong structural needs, and in Europe with significant potential for recovery. We will also expand into new growth markets: in infrastructure, particularly thanks to our established leading position in construction chemicals, and in nonresidential, where the Group holds key advantages. We are building the world of today and tomorrow with ambition and responsibility.
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