P&L, cash flow and balance sheet for 2019-20 and our mid-cycle estimate

• Saint-Gobain is due to report after the French market closes on Thursday 21 February. • It will announce its Q4 sales, its H2-2018 results and its outlook for 2019. • We expect Q4 sales to be around €10,445m, assuming that the impact of structural changes (+0.2%) and exchange rates (-1.3%) will be lower than…