sain t-gobain annu al report 2008 annual report

KEY FIGURES
2008: a satisfactory year
In a difficult business environment, Saint-Gobain lifted its sales
by 3.7% from 2007, which was a record year for the Group.
Organic growth came to 0.3%, reflecting a satisfactory performance
in the first nine months and the global economic downturn
in the fourth quarter.
4
(in € millions) 2008 2007 2006
NET SALES 43,800 43,421 41,596
Operating income 3,649 4,108 3,714
Net income 1,437 1,543 1,682
Recurring net income (1) 1,914 2,114 1,702
Recurring earnings per share (in €) (1) 5.00 5.65 4.62
Net income attributable to equity holders of the parent 1,378 1,487 1,637
Earnings per share (in €) (2) 3.60 3.97 4.44
Total investments (3) 4,507 3,238 2,775
Equity (including minority interests) 14,530 15,267 14,487
Net debt 11,679 9,928 11,599
Non-current assets 28,026 26,041 26,274
Working capital 2,392 2,540 2,451
Employees (at December 31) 209,175 205,730 206,940
(1) Excluding disposal gains and losses, asset impairment charges and material non-recurring provision charges
(including for fines imposed on the Flat Glass Division by the European Commission).
(2) Earnings per share are calculated based on the number of shares outstanding at December, 31.
(3) Capital expenditure and financial investments, excluding purchases of treasury stock.
Breakdown of net sales
Breakdown of operating income
BY SECTOR
12.5% 9.5 % 25 % 45 % 8 %
19% 15 %
29 %
25%
12%
Innovative Materials
Flat Glass
High-Performance
Materials
Construction
Products
Building
Distribution
Packaging
BY GEOGRAPHIC AREA
Breakdown of net sales
Breakdown of operating income
28% 44% 12% 16%
29% 42% 8% 21%
France
Other Western
European countries
North America
Emerging countries
and Asia
Saint-Gobain - 2008 Annual Report