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5
5
2016 RESULTS AND OUTLOOK FOR 2017
1. Financial Results
101
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
OPERATING INCOME BY REGION
(in EUR million and % of sales)
H1-15 H2-15
France
Other
Western Europe
North America
Asia & emerging
countries
H1-16 H2-16
136
161
124
177
3.2%
2.6%
3.6%
2.4%
H1-15 H2-15 H1-16 H2-16
460
524
513
559
5.9%
5.4%
6.5%
5.9%
H1-15 H2-15 H1-16 H2-16
259
231
310
234
8.8%
9.5%
9.3%
11.6%
H1-15 H2-15 H1-16 H2-16
420
445
421
480
10.7%
10.0%
11.1%
10.6%
EBITDA AND CAPEX BY REGION
(2016, in EUR million and % of sales)
France
Other
Western Europe
North America
Asia & emerging
countries
587
262
325
2.6%
1,438
2.2%
717
3.9%
6.3%
387
1,051
203
514
1,256
518
738
Q
Q
Q
Q
EBITDA AFTER CAPEX
Q
Q
Q
Q
CAPEX
FINANCIAL RESULTS
1.2
negative 1.0%
Group structure impact
essentially reflects
extent Latin American countries – against the euro. The
disposals carried out in the Building Distribution Sector.
growth (stable price effect). On a reported basis, sales were
Consolidated
sales
advanced 2.6% like-for-like, led by volume
to the depreciation of the pound sterling – and to a lesser
down 1.3%, with a negative 2.9%
currency impact
due namely
sales in 2015.
The operating margin stood at 7.2% of sales versus 6.7% of
despite a negative currency impact and by 10.8% like-for-like.
Operating income
increased 6.9% on a reported basis
amortization) climbed 4.0% to €3,998 million, or 10.2% of
EBITDA
(operating income plus operating depreciation and
sales (9.7% of sales in 2015).
in the second half. This amount also includes a €90 million
2015, driven by lower restructuring costs thanks to a decrease
involving CertainTeed in the US, unchanged from 2015.
accrual to the provision for asbestos-related litigation
Non-operating costs
fell to €312 million from €344 million in