Saint Gobain - Registration document 2016
5 2016 RESULTS AND OUTLOOK FOR 2017 1. Financial Results
1.1.2
Operating performance by region
REGION OPERATING INCOME AND INDUSTRIAL ASSETS BY
2016 Operating income
SALES TRENDS BY REGION
11% FRANCE
19% NORTH AMERICA
Sales trends by region (Breakdown of 2016 sales by region and % change in 2016/2015 like-for-like)
38% OTHER WESTERN EUROPE
13% NORTH AMERICA +2.0%
32% ASIA & EMERGING COUNTRIES
25% FRANCE -0.1% 42% OTHER WESTERN EUROPE +3.6% O/W: SCANDINAVIA 13% +5.7% UK 11% +3.4% GERMANY 10% +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%
Industrial assets at December 31, 2016
15% NORTH AMERICA
24% FRANCE
+2.6% Like-for-like
35% ASIA & EMERGING COUNTRIES
26% OTHER WESTERN EUROPE
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% 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 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
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,
100
SAINT-GOBAIN - REGISTRATION DOCUMENT 2016
WWW.SAINT-GOBAIN.COM
Made with FlippingBook