Sait-Gobain Glass 2009 Action Plan: Ahead Of Targets

Date: 2 March 2010
Source: Sait-Gobain Glass

Date: 2 March 2010

> Sales prices: +0.8% over the year.> Cost savings over the year: €1,100m.> Second-half operating income and recurring net income well above the first half: respectively, +38% and +94%.> Free cash flow¹ for the year above €1bn (€1,019m), and reduction of €1.4bn in working capital requirements (WCR).> Sharp reduction in capex: -€900m and tight rein on acquisitions, down to €204m.> Balance sheet strengthened: €3.1bn of net debt paid down; gearing ratio cut to 53% of equity. More story read here.


> Sales prices: +0.8% over the year.
> Cost savings over the year: €1,100m.
> Second-half operating income and recurring net income well above the first half: respectively, +38% and +94%.
> Free cash flow¹ for the year above €1bn (€1,019m), and reduction of €1.4bn in working capital requirements (WCR).
> Sharp reduction in capex: -€900m and tight rein on acquisitions, down to €204m.
> Balance sheet strengthened: €3.1bn of net debt paid down; gearing ratio cut to 53% of equity.
 
More story read here.
600450 Sait-Gobain Glass 2009 Action Plan: Ahead Of Targets glassonweb.com

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