Saint-Gobain Estimated 2002 Results

Excluding capital gains, 2002 net income of the Saint-Gobain Group is estimated to stand at EUR 1,051 million, dipping (0.6%) compared with 2001.

Based on the 341,010,680 shares outstanding at December 31, 2002, earnings per share (EPS) excluding capital gains is estimated at EUR 3.08, only 0.6% lower than last year's figure of EUR 3.10.This performance is in line with the objective set by the Group on July 25, 2002 to achieve stable net income excluding capital gains.Excluding both capital gains and the asbestos-related charge, net income would be up 5.7%.Consolidated net income is estimated at EUR 1,039 million.This is 8.4% below the 2001 figure, due to lower capital gains recorded in 2002.

Based on the 341,010,680 shares outstanding at December 31, 2002, earnings per share (EPS) contracted 8.4% to EUR 3.05 from EUR 3.33 one year earlier.

600450 Saint-Gobain Estimated 2002 Results glassonweb.com
Date: 27 January 2003
Source: Yahoo

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