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5
5
2016 RESULTS AND OUTLOOK FOR 2017
1. Financial Results
103
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
RECURRING NET INCOME*
(in EUR million)
2015 2016
1,165
2016/2015: +20.0%
1,398
RECURRING EPS*: €2.53 (+21.1%)
Recurring net income
(excluding capital gains and losses,
20.0% to €1,398 million.
asset write-downs and material non-recurring provisions) rose
CASH FLOW FROM OPERATIONS*** AND CAPEX
(in EUR million and % of sales)
2015
2016
1,346
3.4%
975
2.5%
1,258
3,2%
1,370
3.5%
2,321
5.9%
2,628
6.7%
Q
OPERATING CASH FLOW***
Q
CAPEX
Q
FREE CASH FLOW
Free cash flow
+29.0%
objective, representing 3.5% of sales (3.4% of sales in 2015).
Capital expenditure
totaled €1,370 million, in line with our
€1,258 million (3.2% of sales versus 2.5% of sales in 2015).
13.2% to €2,628 million and
free cash flow
increased 29.0% to
(€2,562 million in 2015). Before the tax impact of capital gains
Cash flow from operations
rose 7.3% to €2,749 million
non-recurring provisions, cash flow from operations climbed
and losses on disposals, asset write-downs and material
NET INCOME**
(in EUR million)
2015 2016
1,295
1,311
2016/2015: +1.2%
BNPA: €2.36 (+1.7%)
Net attributable income
, which in 2015 included net income
to €1.311 million.
from discontinued operations (Verallia), climbed 1.2% in 2016
Net income from continuing operations excluding capital gains and losses on disposals, asset write-downs and material non-recurring provisions.
*
Net attributable income.
**
Excluding the tax impact of capital gains and losses on disposals, asset write-downs and material non-recurring provisions.
***