SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017

5

2017 results and outlook for 2018 Financial results

strong sales in the second half. The operating margin by volumes, amid limited increases in raw material and continued to improve, up to 15.1% from 13.7% in 2016 driven energy costs.

b)

Construction Product

Construction products

29%

37%

INDUSTRIAL ASSETS AT END-2017

2017 SALES

ORGANIC GROWTH

OPERATING INCOME

CAPEX

+6.2%

€1,143m

€582m

+3.4% +2.8% VOLUME PRICES

MARGIN

9.3% 9.1%

2017 VS. 2016

Construction Products (CP) reported 6.2% organic growth,

between pricing and cost increases, with however a more

with 8.8% in the second half. The operating margin was 9.1% significant pricing effect at the end of the year. versus 9.3% in 2016, affected primarily by the timelag

Interior Solutions

ORGANIC GROWTH

OPERATING INCOME

CAPEX

+5.9%

€652m

€374m

+2.8% +3.1% VOLUME PRICE

MARGIN

9.5%

2017 VS. 2016

Sales (€m)

Operating income and margin (€m -%)

10.3%

9.5%

3,467

3,417

3,297

3,286

337

335

340

315

10.2%

10.3%

9.9%

9.1%

H1-2016 H2-2016 H1-2017 H2-2017

H1-2016 H2-2016 H1-2017 H2-2017

100 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017