Saint Gobain - Registration document 2016

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5 2016 RESULTS AND OUTLOOK FOR 2017
1. Financial Results
98 SAINT-GOBAIN - REGISTRATION DOCUMENT 2016
INTERIOR SOLUTIONS
288 288
335 340
Sales (€m) Operating income and margin (€m - %)
ORGANIC
GROWTH
OPERATING
INCOME
CAPEX €337m +3.7%
VOLUME
+4.0%
PRICE
-0.3%
€675m
MARGIN
10.3%
2016 VS. 2015
H1-2015 H2-2015 H1-2016 H2-2016
3,197
3,288 3,297 3,286
H1-2015 H2-2015 H1-2016 H2-2016
9.0% 8.8% 10.2% 10.3%
8.9% 10.3%
December 31. Asia and emerging countries continued to
over the year but improved in the six months to
deliver growth.
was slightly negative but neutral in the second half.
impact). Sales were up in Western Europe; the price effect
slower rate than the first half; prices remained negative
Trading in North America continued to advance, albeit at a
(2.2% in the second half owing to the negative calendar
Interior Solutions showed good organic growth, at 3.7% ‹
Good volume levels coupled with productivity gains and a ‹
improvement in the operating margin, which reached
fall in costs – particularly energy – drove a sharp
10.3% in 2016 compared to 8.9% in 2015.
EXTERIOR SOLUTIONS
Sales (€m) Operating income and margin (€m - %)
241
205
229
202
H1-2015 H2-2015 H1-2016 H2-2016
2,913
2,686
2,753
2,670
H1-2015 H2-2015 H1-2016 H2-2016
8.3% 7.6% 8.3% 7.6%
8.0% 7.9%
ORGANIC
GROWTH
OPERATING
INCOME
CAPEX €178m -1.1%
VOLUME
+0.5%
PRICES
-1.6%
€431m
MARGIN
7.9%
2016 VS. 2015