Saint Gobain - Registration document 2016

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5 2016 RESULTS AND OUTLOOK FOR 2017
1. Financial Results
100 SAINT-GOBAIN - REGISTRATION DOCUMENT 2016
Operating performance by region 1.1.2
SALES TRENDS BY REGION
25%
FRANCE
-0.1%
42%
OTHER WESTERN EUROPE
+3.6%
O/W:
SCANDINAVIA 13% +5.7%
UK11% +3.4%
GERMANY10% +2.5%
SOUTHERNEUROPE 4% +3.7%
20%
ASIA & EMERGING COUNTRIES
+6.1%
O/W:
ASIA 8% +4.5%
LATINAMERICA 6%+8.8%
EASTERNEUROPE 4%+5.2%
AFRICA&MIDDLE-EAST 2%+8.3%
13%
NORTH AMERICA
+2.0%
+2.6%
Like-for-like
Sales trends by region
(Breakdown of 2016 sales by region and
% change in 2016/2015 like-for-like)
REGION
OPERATING INCOME AND INDUSTRIAL ASSETS BY
11%
FRANCE
38%
OTHER WESTERN EUROPE
32%
ASIA & EMERGING COUNTRIES
19%
NORTH AMERICA
2016 Operating income
Industrial assets at December 31, 2016
24%
FRANCE
26%
OTHER WESTERN EUROPE
35%
ASIA & EMERGING COUNTRIES
15%
NORTH AMERICA
new-build market, while renovation stabilized at a low level
leveled off at 2.9%.
in a still deflationary environment. The operating margin
The decline in Pipe was offset by an improvement in the
In line with our expectations, France stabilized over the ‹
in the second half, hit by an unfavorable calendar impact.
year (slipping 0.1% like-for-like). Trading edged down 0.7%
margin climbed to 6.2% in 2016 from 5.7% in 2015.
slowdown in growth in the six months to December 31,
including in the second half. Only Germany posted a
related in particular to Interior Solutions. The operating
growth of 3.6%, with 2.9% growth in the second half
Other Western European countries saw like-for-like sales ‹
upbeat market conditions in all of our main countries,
(impacted by a negative calendar impact). This reflects
volumes.
down slightly. Prices continued to have a negative impact,
Solutions, mainly in the first half. Industrial markets were
margin rose to 10.5% from 9.1% in 2015, driven mainly by
although this eased in the second half. The operating
buoyed by volumes in both Exterior Products and Interior
North America reported 2.0% like-for-like sales growth, ‹
slowdown in Brazil. The region delivered further growth in
Trading remained robust in all regions despite the
its operating margin, up to 10.9% from 10.3% in 2015.
reporting 6.1% organic growth (7.3% in the second half).
Asia and emerging countries continued to advance, ‹