Saint-Gobain - Final Results for 2002

Date: 24 March 2003
Source: Yahoo

Date: 24 March 2003

- Sales up 1.1% on a comparable basis - Operating income advances 0.2% on a comparable basis - Operating margin holds firm at 8.5% - Strong free cash flow, at EUR 1,257 million (excluding taxes on capital gains). - NET INCOME (excluding capital gains) remains stable at EUR 1,051 million. - NET DEBT FALLS 10% to EUR 7 billion. - DIVIDEND RECOMMENDED FOR APPROVAL BY THE AGM: euro 1.13 per share, up 0.4% At its meeting of Thursday, March 20, 2003, the Board of Directors of Saint-Gobain reviewed the Group's consolidated financial statements for 2002.Note: Within the Housing Products Sector, the Pipe Division's distribution operations have been transferred, as from January 1, 2002, to the Building Materials Distribution Division, in order to set up a European organization for sales of materials in engineering markets.This transfer does not affect overall consolidated Group income as presented below, but it does impact sales and operating income data by division presented in the Appendix.

- Sales up 1.1% on a comparable basis - Operating income advances 0.2% on a comparable basis - Operating margin holds firm at 8.5% - Strong free cash flow, at EUR 1,257 million (excluding taxes on capital gains).
- NET INCOME (excluding capital gains) remains stable at EUR 1,051 million.
- NET DEBT FALLS 10% to EUR 7 billion.
- DIVIDEND RECOMMENDED FOR APPROVAL BY THE AGM: euro 1.13 per share, up 0.4%

At its meeting of Thursday, March 20, 2003, the Board of Directors of Saint-Gobain reviewed the Group's consolidated financial statements for 2002.

Note: Within the Housing Products Sector, the Pipe Division's distribution operations have been transferred, as from January 1, 2002, to the Building Materials Distribution Division, in order to set up a European organization for sales of materials in engineering markets.

This transfer does not affect overall consolidated Group income as presented below, but it does impact sales and operating income data by division presented in the Appendix.
600450 Saint-Gobain - Final Results for 2002 glassonweb.com

See more news about:

Others also read

MORE...

Southwall Technologies Secures New Bank Loan and Equity Financing Agreement Led by Needham & Company
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
Emirates Glass wins major deals
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Micro-Tek Canada, Inc. and Co-Ventures in Glass Containers, Ltd.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
Autoglass maker dumps dumping charges
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
History of Glass Wine Bottles
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair's Specialty Gases Plant Attains New ISO 9000 Standard
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.

Add new comment