Nine Months Sales Report

Compagnie de Saint-Gobain 4 November 1999 SAINT-GOBAIN CONSOLIDATED SALES FOR THE FIRST NINE MONTHS OF 1999 The consolidated net sales of the Saint-Gobain Group for the first nine months of 1999 amounted to EUR 16,721 million (FRF 109.683 million), compared with EUR 13,300 million (FRF 87,241 million) for the same period of 1998. This represented an increase of 25.7% or 8.9% excluding Essilor and the downstream Flat Glass business. Based on a comparable structure, before full consolidation of Essilor and the Flat Glass transformation subsidiaries, net sales dropped 0.6% in euro but rose by 1.3% in local currencies. The confirmation of improved economic conditions in Europe helped the increase in third quarter sales across substantially all divisions, offsetting the continued decline in Pipe sales. Sales by sector, division and geographic area were as follows: 9 months 9 Months Change Change based ended ended on comparable September September structure and 30,1998 30,1999 In local currencies GLASS (1) 6113 7522 23.0% 2.7% Flat glass 1705 2716 59.3% 4.2% Insulation & Reinforcements 1830 2077 13.5% 5.1% Containers 2580 2731 5.8% 0.1% HIGH-PERFORMANCE MATERIALS (1) 2106 3305 n.m -2.9% Industrial Ceramics and Abrasives 2106 2085 -1.0% -2.9% Essilor ---- 1220 ---- ----- HOUSING (1) 5161 5994 16.1% 1.5% Building Materials 1715 1968 14.8% 8.6% Building distribution 2386 2995 25.5% 7.7% Pipe 1174 1149 -2.2% -23.5% INTERCOMPANY(INTER-SECTOR) SALES -80 -100 --- ---- TOTAL SALES 13300 16721 23.7% 1.3% BY GEOGRAPHIC AREA France 5210 6845 31.3% -2.6% Other Europe 4014 5452 35.8% 2.7% America/Asia 4569 4952 8.4% 3.4% INTERCOMPANY SALES -493 -528 ----- ----- TOTAL SALES 13300 16721 25.7% 1.3% (1) before elimination of inter-divisional sales Glass sector sales continued to grow, reflecting sustained demand in both Europe and the United States - especially in the construction market - and the effect of price increases in the Insulation Division. High-performance materials sales were affected, as in the first half-year, by weak demand for the electro-fused ceramics and refractories in the Industrial Ceramics Division. The Division's third quarter sales were up on the same period of 1998, however, based on a comparable structure and at constant exchange rates. Housing sector sales expanded at a similar rate as total Group sales, on a comparable structure basis and at constant exchange rates, despite lower Pipe Division sales. Sales by the Building Materials and Building Distribution Divisions continued to grow, helped by the good level of activity in the market in the United States and France. Outlook The Group confirms its objective of achieving at least 15% growth in 1999 earnings per share, excluding capital gains and after taking into account the, impact of last Junes reduction of 5% of share capital. Investor Relations Department Tel... Florence TRIOU 01 47 62 45 19 Tel... Lounis BEKKAT 01 47 62 32 36 Fax : 01 47 62 50 62
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