SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017
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2017 results and outlook for 2018 Financial results
FINANCIAL RESULTS 1.
The 2017 consolidated financial statements were approved and adopted by Saint-Gobains’s Board of Directors at its meeting of February 22, 2018. The consolidated financial statements were audited and certified by the Statutory Auditors.
2017 KEY FIGURES
SALES €40.8bn
OPERATING INCOME €3.028m operating margin: 7.4%, +20 BP bp
ACTUAL
LIKE-FOR-LIKE
ACTUAL
LIKE-FOR-LIKE
+4.4%
+4.7%
+7.5%
+9.6%
FREE CASH FLOW €1,353m
NET DEBT €5,955m
RECURRING NET INCOME €1,631m EPS (1) : €2.96 +17.0% +16.7% ACTUAL
1.4 X EBITDA
+7.6%
=
CHANGES BASEDON 2017 VS. 2016
Solid organic growth in all Business Sectors and regions (up 4.7%); acceleration in H2 (up 6.0%) and in Q4 (up 6.5%); Positive trends in sales prices, up 2.0%; acceleration in H2 (up 2.3%) and in Q4 (up 2.7%); Further rise in operating income, up 9.6% like-for-like, and in operating margin, up to 7.4% from 7.2%; Further strong increase in recurring net income (2) , up 16.7%; Free cash flow (3) up 7.6% to €1,353 million; Ahead of our strategic objectives, with €641 million in acquisitions and €290 million in cost savings; Net debt at €5.95 billion (versus €5.64 billion at end-2016); buyback of 8.3 million shares during the year; 2017 dividend up at €1.30 per share, to be paid wholly in cash.
(1) Calculated on the number of shares in circulation of 550,785,719 shares at December 31, 2017. (2) Recurring net income: net attributable income excluding capital gains and losses on disposals, asset write-downs and material non-recurring provisions (3) Cash flow from operations excluding the tax impact of capital gains and losses on disposals, asset write-downs and material non-recurring provisions, less capital expenditure.
96 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017
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