1st Quarter Results

Compagnie de Saint-Gobain
26 April 2007

                                                                  April 26, 2007

press

release


                       FIRST-QUARTER 2007 SALES:

                       -     UP 7.2% ON A REPORTED BASIS

                       -     UP 8.0% LIKE-FOR-LIKE


Consolidated first-quarter sales for the Saint-Gobain Group came in at €10,447
million, compared with €9,745 million in the same year-ago period, representing
a rise of 7.2% on an actual structure basis and 9.0% at constant exchange rates.

The perimeter evolution accounted for 1.0% of sales, with the contribution from
bolt-on acquisitions (mainly in the Construction Products and Building
Distribution sectors) being slightly above that from disposals (chiefly Synflex
within the High-Performance Materials sector and Calmar within the Packaging
sector). The currency effect had a negative -1.8% impact, mainly as a result of
the decline in the US dollar.

Like-for-like consolidated sales climbed 8.0%(*) or €772 million, with a strong
growth coming both from volumes (+4.3%) and prices (+3.7%).

All of the Group's business sectors reported an increase in like-for-like sales.

Businesses related to the construction market in Europe delivered robust growth,
with strong showings from most of Western Europe, notably Germany, Southern
Europe (Spain and Italy), the Nordic countries and France. Emerging countries
continued to turn in a very strong performance, especially Eastern Europe, where
sales were boosted by particularly favorable weather conditions.

In line with the scenario announced early this year, the slowdown in the US only
affected the residential construction sector, and is largely offset by the
Group's performance in all other geographic regions.




(*) Based on average exchange rates for first-quarter 2006.


Sales trends by business sector and geographic area break down as follows:


                                          Q1 2007 sales    Q1 2006    % change on % change on a    % change
                                                                       an actual   comparable    like-for-like
                                          (in millions      sales      structure    structure
                                            of euros)   (in millions     basis        basis
                                                          of euros)

BY BUSINESS SECTOR

Flat Glass                                        1,369         1,218      +12.4%        +12.5%          +14.2%

High-Performance Materials (1)                    1,241         1,301       -4.6%         -2.7%           +1.9%
Ceramics & Plastics and Abrasives                   916           948       -3.4%         -0.7%           +4.4%
Reinforcements                                      328           356       -7.9%         -7.8%           -4.4%

Construction Products (1)                         2,720         2,630       +3.4%         +2.0%           +4.7%
Building Materials                                  586           635       -7.7%         -8.4%           -3.3%
Insulation                                          685           600      +14.3%         +8.0%          +10.0%
Gypsum                                            1,000           956       +4.6%         +6.0%           +8.4%
Pipe                                                461           446       +3.4%         +1.4%           +2.2%

Building Distribution                             4,424         3,810      +16.1%        +11.3%          +11.0%

Packaging                                           955         1,011       -5.6%         +4.0%           +7.2%


Internal sales and other                          (262)         (225)    --------        ------           -----

GROUP                                            10,447         9,745       +7.2%         +6.2%           +8.0%


BY GEOGRAPHIC AREA

France                                            3,277         3,024       +8.4%         +7.4%           +7.4%
Other western European countries                  4,725         4,113      +14.9%        +11.6%          +11.0%
North America                                     1,473         1,819      -19.0%        -15.1%           -7.3%
Emerging countries and Asia-Pacific               1,533         1,307      +17.3%        +14.5%          +19.6%

Internal sales                                    (561)         (519)       -----         -----           -----

GROUP                                            10,447         9,745       +7.2%         +6.2%           +8.0%



(1)     Including inter-division eliminations.


Performance of Group business sectors

The Flat Glass sector delivered the Group's best organic growth performance, at
+14.2% on a like-for-like basis. This reflects a sharp volume increase in the
Construction market in emerging countries and Europe, which is also feeling the
positive effects of a surge in demand for energy efficient glass. The very
favorable price trends that commenced on European building markets mid-2006
continued. The automotive flat glass business also performed well across the
globe.

Within the High-Performance Materials sector, the Ceramics, Plastics and
Abrasives divisions reported healthy organic growth of +4.4% while the sales of
Reinforcements business was down. Overall, the High-Performance Materials sector
recorded a moderate +1.9% growth in like-for-like sales.

The Construction Products (CP) sector posted +4.7% like-for-like growth, Europe
and emerging countries more than offsetting the downturn in housing starts in
the US.

-    Gypsum and Insulation businesses benefited from favorable regulatory and 
     fiscal measures promoting home improvement (in particular measures designed
     to encourage energy efficiency), reporting respectively strong internal 
     growth of +8.4 % and +10% amid a vigorous trading environment in Europe and
     emerging countries.

-    In the Building Materials division (down -3.3% like-for-like), the exterior
     products business in the United States was hit by the overall slowdown in
     the housing market, which was not fully offset by the very robust 
     performance achieved by the mortars business in Europe and emerging 
     countries.

-    Pipe registered a solid rise in business across its principal geographic 
     segments.

Building Distribution delivered the Group's strongest growth on a reported
basis, at +16.1% overall (around +5% of which was due to acquisitions and +11%
to organic growth). All countries, but particularly Germany, central Europe,
Scandinavia and France, contributed to this vigorous performance, on the back of
favorable weather conditions at the start of the year. Growth on the UK market
was more moderate.

Organic growth for the Packaging business came in at +7.2% thanks to a strong
price effect and buoyant sales volumes in Europe, while Latin America and North
America businesses advanced at a more moderate pace.


                             *          *          *


Sales analysis by geographic area

The breakdown of sales by geographic area is in line with the trends observed in
second-half 2006. Based on constant Group structure and exchange rates:

-    Sales in France (29.8% of total Group turnover in the first quarter of 
     2007) continued to perform well, up +7.4% like-for-like. Sales in other 
     western European countries (42.9% of total Group Turnover) also picked up
     pace (average rise of +11% like-for-like), substantiating the vigor of the
     German economy and the continued growth in Southern Europe.

-    North America (13.4% of total Group turnover) reported a marked decline in 
     sales (like-for-like down -7.3%) on the back of a significant fall-off in 
     housing starts. This was partially offset by the strength of other sectors 
     of the US economy, especially non-residential construction and industrial 
     investment.

-    Emerging countries (13.9% of total Group turnover) reported vigorous growth
     of +19.6% like-for-like. Eastern Europe turned in the most noteworthy 
     performance of the first quarter, its robust structural growth having being
     boosted by a mild winter. Latin America and Asia also performed well.


                           *             *          *


Update on asbestos claims in the United States

New claims filed against CertainTeed during the first quarter 2007 were
approximately 2,000, which is equivalent to the number of claims which were
settled during the same period. As a consequence, approximately 76,000 claims
remained outstanding at the end of March 2007, similar to the situation at the
end of December 2006. At end of March 2007, the average cost of claims settled
in the past twelve months or in the process of being settled came to around USD
3,200, slightly increasing compared to December 2006 (USD 3,000).


                             *          *          *


Outlook

The first three months of the year have confirmed the trend observed in
second-half 2006 and the scenario envisaged at the end of January for 2007,
namely a strong trading environment in Europe, which is more than offsetting the
housing slowdown in the United States.

The Group expects this trend to continue in the coming months and in this
respect confirms its objectives* for the year:

-    a robust increase in operating income at constant exchange rates;

-    and a double-digit growth in net income excluding capital gains and losses.


* These objectives are based on the divestiture of Saint-Gobain Desjonqueres
(done on March 29, 2007) and on the assumption that the Reinforcements &
Composites business will be deconsolidated in 2007, but do not reflect any other
major scope adjustments that may occur in 2007.


                             *          *          *


Forthcoming results announcements:

-    final results for first-half 2007: July 26, 2007, after close of trading on
     the Paris bourse.


                                                   Investor Relations Department

Florence Triou-Teixeira                                  Tel.: [phone]
Alexandre Etuy                                           Tel.: [phone]
                                                          Fax: [phone]



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