2017年前三季度集團(tuán)銷(xiāo)售業(yè)績(jī)出爐 銷(xiāo)售額有機(jī)增長(zhǎng)4.2%

2017年10月26日
  • 第三季度所有事業(yè)部及地區(qū)的銷(xiāo)售業(yè)績(jī)均呈現(xiàn)增長(zhǎng)(上漲3.6%),前三季度共上漲2.4%。
  • 第三季度價(jià)格帶來(lái)2.0%的正面影響,前三季度共帶來(lái)1.8%的正面影響。
  • 第三季度匯率帶來(lái)2.2%的負(fù)面影響,前三季度共帶來(lái)0.7%的負(fù)面影響;第三季度集團(tuán)架構(gòu)變動(dòng)帶來(lái)0.7%的正面影響,前三季度共帶來(lái)0.8%的正面影響。

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集團(tuán)董事長(zhǎng)兼首席執(zhí)行官夏朗達(dá)對(duì)業(yè)績(jī)的解析:

“圣戈班2017年前三季度的業(yè)績(jī)印證了集團(tuán)上半年業(yè)績(jī)的上升趨勢(shì)(除去網(wǎng)絡(luò)攻擊的影響)。所有事業(yè)部和地區(qū)都呈現(xiàn)增長(zhǎng),包括法國(guó)。即使價(jià)格基準(zhǔn)水平更高,我們依然看到其顯現(xiàn)出的正面影響,但受到原材料和能源價(jià)格上漲的大環(huán)境影響,集團(tuán)所有業(yè)務(wù)都并非均能如此。集團(tuán)持續(xù)專(zhuān)注其戰(zhàn)略重點(diǎn),自年初至今已簽署了23項(xiàng)收購(gòu)協(xié)議,包括最近完成的Glava收購(gòu)案。

圣戈班已確認(rèn)2017年的全年目標(biāo)業(yè)績(jī),我們期待即使在通貨膨脹的成本壓力下,下半年的同比增長(zhǎng)營(yíng)業(yè)額仍然可以超越上半年。“

相比于2016年的293.06億歐元,2017年前三季度合并后的銷(xiāo)售額達(dá)305.7億歐元。

集團(tuán)架構(gòu)變動(dòng)帶來(lái)的0.8%的正面影響,本質(zhì)上反映了在亞洲和新興國(guó)家的收購(gòu) (Emix, Solcrom, Tumelero)以及在新型小眾技術(shù)和服務(wù)上的收購(gòu)(H-Old, Isonat, France Pare-Brise)合并后的成果,以及進(jìn)一步鞏固我們?cè)诮ú姆咒N(xiāo)領(lǐng)域的地位(尤其在北歐國(guó)家)的成就。

匯率變動(dòng)前三季度帶來(lái)0.7%的負(fù)面影響,第三季度帶來(lái)顯著的2.2%的負(fù)面影響,主要是由于美元、英鎊以及其他一些亞洲和新興國(guó)家貨幣與歐元之間匯率的下跌。

前三季度銷(xiāo)售額同比增長(zhǎng)4.2%,第三季度達(dá)到5.6%,持續(xù)了上半年的上升趨勢(shì)(除卻網(wǎng)絡(luò)攻擊的影響)。如7月末網(wǎng)絡(luò)攻擊后集團(tuán)的聲明中所指出的,第二季度集團(tuán)一些業(yè)務(wù)部遭受了額外損失,但6月銷(xiāo)售額企穩(wěn)。第三季度業(yè)績(jī)上漲3.6%(前三季度上漲2.4%),所有地區(qū)和事業(yè)部均保持了增長(zhǎng)。在能源和原材料成本持續(xù)增加的情況下,第三季度價(jià)格因素仍帶來(lái)了2.0%的正面影響(前三季度共1.8%的正面影響)。

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a包括業(yè)務(wù)分部間銷(xiāo)售的抵消。

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Like-for-like performance of Group Business Sectors

Innovative Materials sales climbed 4.8% over the nine-month period, including 6.1% in the third quarter.

-? Flat Glass delivered further good organic growth in the quarter, at 4.6% (5.3% for the nine-month period). The automotive business continued to report good volume growth in all regions, despite a less favorable mix effect compared to the first half. Sales linked to construction markets remained at good levels across Western Europe, with float glass price trends stabilizing and higher prices for transformed glass; Asia and emerging countries again performed well although we expect a negative impact from the earthquake in Mexico which affected our facilities.

-? High-Performance Materials (HPM) sales rose 8.7% over the quarter (4.5% over the nine-month period), driven by all regions and businesses, particularly Ceramics which was boosted by exceptionally strong sales of refractories during the summer.

Construction Products (CP) sales moved up 5.0% over the nine-month period and 7.4% in the third quarter.

-? Interior Solutions delivered 6.4% organic growth in the quarter (4.8% for the nine-month period), buoyed by healthy volume trends in Western Europe and in Asia and emerging countries. Trading in North America remained stable but with a smaller pricing contribution in a more competitive environment. The price contribution for the division as a whole remained in line with the first half, but still lags behind the rise in raw material and energy costs.

-? Exterior Solutions sales rose 8.7% in the third quarter (5.2% over the nine-month period), led by Exterior Products volumes which benefited from a more favorable basis for comparison than in the second quarter and from additional weather-related demand in the US in a competitive price environment. Pipe saw its prices gain ground amid continued strong inflation in raw material costs, while volumes remained affected by the lack of major export contracts. Mortars put in a good quarterly performance in its main regions, despite the Brazilian construction market remaining difficult.

Building Distribution sales rose 3.5% over the nine-month period and 4.1% in the third quarter, in line with first-half trends excluding the impact of the cyber-attack. Trading in France continued to recover, driven by good momentum in new-builds and the first signs of improvement in renovation. Nordic countries as well as the Netherlands and Spain continued to benefit from good market conditions. The UK reported further growth despite an uncertain environment, while Germany was down slightly. A difficult construction market continued to affect Brazil.

Like-for-like analysis by region

-? France continued to improve during the quarter, up 3.4% (up 2.6% over the nine-month period), buoyed by dynamic new-build activity. Renovation showed the first signs of improvement in the quarter.

-? Other Western European countries delivered further good growth, at 3.3% (2.9% over the nine-month period), led by Nordic countries. The UK reported lower growth driven by prices, with volumes settling and a continued lack of visibility. Germany remained hesitant.

-? North America reported 9.3% organic growth over the quarter (4.7% over the nine-month period). Construction volumes continued to trend well, helped by additional weather-related demand; industry was up overall. Pricing slowed amid a tougher basis for comparison and a particularly competitive environment.

-? Asia and emerging countries reported further good growth in the third quarter, at 10.8% (8.2% over the nine-month period), driven by all regions.

Strategic priorities and 2017 outlook

The Group continued to focus on its strategic priorities, with 19 acquisitions signed in the nine-month period and 4 finalized in October alone, including Kirson, Megaflex and Glava. The acquisition of the entire share capital of Glava, the insulation market leader in Norway, allows Saint-Gobain to consolidate its positions in Nordic countries.

Pursuant to the agreement between Saint-Gobain and the Burkard family relating to the sale of the shares of Schenker-Winkler Holding (SWH), which holds the majority of Sika voting rights, Saint-Gobain exercised its option to extend the validity of the agreement until June 30, 2018. Saint-Gobain will then have the option to further extend the agreement up until December 31, 2018. This further extension of the sale agreement once again reflects the alignment between the Burkard family and Saint-Gobain and their unwavering determination. The transaction makes strategic, industrial and financial sense for Saint-Gobain and for Sika, for their employees, for their customers and for all of their shareholders. Given the recent appreciation of the euro against the Swiss franc, Saint-Gobain has adapted its acquisition hedging strategy to fix the potential net gain at around €70 million. This is no indication of the future hedging strategy, which will need to evolve in line with market conditions.

The Group expects the following trends for the fourth quarter:

-? gradual improvement of construction markets in France;

-? continued upbeat trends overall in other Western European countries, despite less visibility in the UK and Germany still hesitant;

-? positive market conditions in North American construction;

-? good organic growth in Asia and emerging countries;

-? ongoing inflationary pressure on costs.

Saint-Gobain confirms its full-year 2017 objective of a like-for-like increase in operating income and expects the like-for-like increase for second-half 2017 to be above the level achieved in first-half 2017 despite ongoing inflationary pressure on costs.

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Glossary:

Organic growth and like-for-like changes in sales and operating income reflect the Group’s underlying performance excluding the impact of:

  • changes in Group structure: indicators for the period concerned are calculated based on the scope of consolidation for the previous period (Group structure impact);

  • changes in exchange rates: indicators for the period concerned and those for the previous period are calculated using exchange rates for the previous period (currency impact);

  • changes in applicable accounting policies.

Operating income: see Note 3 to the financial statements in the interim financial report, available by clicking here: https://www.saint-gobain.com/en/finance/regulated-information/half-yearly-financial-report

Free cash flow: 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.

Capital expenditure: investments in property, plant and equipment.

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Financial calendar

2017 results: February 22, 2018, after close of trading on the Paris Bourse.

Analyst/Investor Relations

Press relations

Vivien Dardel

Florent Nouveau

Floriana Michalowska

+33 1 47 62 44 29

+33 1 47 62 30 93

+33 1 47 62 35 98

Laurence Pernot

Susanne Trabitzsch

+33 1 47 62 30 10

+33 1 47 62 43 25

A conference call will be held at 6:30 pm (Paris time) on October 26, 2017: + 33 1 72 72 74 48

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Important disclaimer – forward-looking information:

This press release contains forward-looking statements with respect to Saint-Gobain’s financial condition, results, business, strategy, plans and outlook. Forward-looking statements are generally identified by the use of the words “expect”, “anticipate”, “believe", "intend", "estimate", "plan" and similar expressions. Although Saint-Gobain believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of its future performance. Actual results may differ materially from the forward-looking statements as a result of a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and are generally beyond the control of Saint-Gobain, including but not limited to the risks described in Saint-Gobain’s registration document available on its website (www.saint-gobain.com). Accordingly, readers of this document are cautioned against relying on these forward-looking statements. These forward-looking statements are made as of the date of this document. Saint-Gobain disclaims any intention or obligation to complete, update or revise these forward-looking statements, whether as a result of new information, future events or otherwise raison.

This press release does not constitute any offer to purchase or exchange, nor any solicitation of an offer to sell or exchange securities of Saint-Gobain.

For any further information, please visit www.saint-gobain.com