Saint-Gobain - First Quarter 2003 Sales: Up 2.6% on a Like-for-Like Basis

Net consolidated sales of the Saint-Gobain Group for the first quarter of 2003 amounted to euro 6,986 million, compared with euro 7,296 million for the same period in 2002, representing a contraction of 4.2% on an actual structure basis, or 5.8% on a comparable structure basis.

This decline is entirely due to currency effects -- which had an 8.2% negative impact during the period -- and especially the sharp falls in the value of the US dollar and the Brazilian real. On a comparable structure and exchange rate basis (like-for-like), sales were up 2.6%. Sales volumes increased by 1.2%, while prices remained firm, rising by 1.4%.

The majority of the Group's divisions contributed to this performance, which was achieved against a backdrop of challenging economic conditions, testifying to Saint-Gobain's growth capacity, boosted by an expanding presence in emerging countries.

600450 Saint-Gobain - First Quarter 2003 Sales: Up 2.6% on a Like-for-Like Basis

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