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5
5
2016 RESULTS AND OUTLOOK FOR 2017
1. Financial Results
97
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
HPM
310
13.4%
292
318
298
13.7%
Sales
(€m)
Operating income and margin
(€m - %)
ORGANIC
GROWTH
OPERATING
INCOME
CAPEX
€198m
+2.2%
VOLUME
+1.3%
PRICE
+0.9%
€616m
MARGIN
13.7%
2016 VS. 2015
H1-2015 H2-2015 H1-2016 H2-2016
2,297
2,205
2,264
2,243
H1-2015 H2-2015 H1-2016 H2-2016
13.5%
13.2%
14.0%
13.3%
over the year, with a less favorable mix in the second half.
from robust momentum in Europe. Ceramics stabilized
volumes in the US.
Textile Solutions were buoyed by the sharp rise in Roofing
like-for-like basis. Despite the decline in industrial markets
High-Performance Materials
(HPM) sales rose 2.2% on a
led by Asia and emerging countries. Plastics also benefited
in the US, all HPM businesses advanced in the second half,
second-half 2015).
13.4%, and stood at 13.3% for the second half (13.2% in
The operating margin for the year widened to 13.7% from
Construction Products
b)
CONSTRUCTION PRODUCTS
28%
2016 SALES
38%
INDUSTRIAL
ASSETS
AT END-2016
ORGANIC
GROWTH
OPERATING
INCOME
CAPEX
€515m
+1.4%
VOLUME
+2.3%
PRICES
-0.9%
€1,106m
MARGE
9.3%
2016 VS. 2015
to 9.3% from 8.5% despite the decline in Pipe.
Construction Products
(CP) reported 1.4% organic growth, including 1.1% in the second half. The operating margin improved, up