Saint-Gobain Announces First Half 2005 Results
August 8, 2005
Consolidated first half sales for the Saint-Gobain Group (six months ended June 30, 2005) came in at 16,877 million euros, up 7.0%, or 7.4% at constant exchange rates (based on average exchange rates for the first half of 2004). The contribution of the Group's acquisitions to the growth figure, net of disposals, amounted to 848 million euros during the period, accounting for a rise of 5.4% in net sales. Like-for-like growth (constant structure and exchange rates) for the period was 2.0%, with 4.1% growth in the second quarter. Consolidated net income for the first half of 2005 advanced 13.9% over the year-earlier period, at 632 million euros. Excluding capital gains, consolidated net income climbed 10.9% to 642 million euros, fueled mainly by the improvement in business income. Like-for-like sales for the Group's Flat Glass and Building Distribution Sectors, which were hard hit by the severe late-winter weather in the first quarter, rebounded strongly in the second quarter. Overall, the Group's first half sales advanced 2.0% on a like-for-like basis (including a +2.4% price impact and a -0.4% volume effect).
Additional details are available at http://www.saint-gobain.com.