 |
|
APPENDIX 1
Results by Business Sector and Geographic Area
| I. SALES |
H1
2004
(in € m) |
H1
2005
(in € m) |
Change on
an actual
structure basis |
Change on a
comparable
structure basis |
Change on a
comparable
structure and
currency basis |
| by Sector and Division: |
| Building Distribution |
6,474 |
7,364 |
+13.7% |
+2.2% |
+2.3% |
| High-Performance Materials (1) |
2,383 |
2,415 |
+1.3% |
+0.1% |
+1.4% |
| Ceramics and Plastics & Abrasives |
1,752 |
1,788 |
+2.1% |
+1.6% |
+3.3% |
| Reinforcements |
644 |
638 |
-0.9% |
-4.3% |
-4.2% |
| Flat Glass |
2,236 |
2,329 |
+4.2% |
+2.1% |
+0.8% |
| Packaging |
1,978 |
1,977 |
-0.1% |
-0.5% |
+0.9% |
| Construction Products (1) |
2,973 |
3,096 |
+4.1% |
+2.6% |
+3.9% |
| Building Materials |
1,293 |
1,361 |
+5.3% |
+4.2% |
+6.4% |
| Insulation |
964 |
1,045 |
+8.4% |
+5.2% |
+6.1% |
| Pipe |
726 |
700 |
-3.6% |
-3.8% |
-3.9% |
| Internal sales and misc. |
(276) |
(304) |
n.m. |
n.m. |
n.m. |
| Group Total |
15,768 |
16,877 |
+7.0% |
+1.5% |
+2.0% |
| by geographic area: |
| France |
5,506 |
5,826 |
+5.8% |
+3.6% |
+3.6% |
| Other Western European Countries |
6,580 |
7,135 |
+8.4% |
-1.7% |
-1.3% |
| North America |
2,851 |
2,876 |
+0.9% |
+0.6% |
+5.1% |
| Emerging countries and Asia |
1,672 |
1,978 |
+18.3% |
+11.3% |
+6.0% |
| Internal sales |
(841) |
(938) |
n.m. |
n.m. |
n.m. |
| Group Total |
15,768 |
16,877 |
+7.0% |
+1.5% |
+2.0% |
(1) including intra-sector eliminations
| II. OPERATING INCOME |
H1
2004
(in € m) |
H1
2005
(in € m) |
Change on
an actual
structure basis |
H1
2004
(in % of sales) |
H1
2005
(in % of sales) |
| by Sector and Division: |
| Building Distribution |
311 |
363 |
+16.7% |
4.8% |
4.9% |
| High-Performance Materials |
249 |
271 |
+8.8% |
10.4% |
11.2% |
| Ceramics and Plastics & Abrasives |
207 |
240 |
+15.9% |
11.8% |
13.4% |
| Reinforcements |
42 |
31 |
-26.2% |
6.5% |
4.9% |
| Flat Glass |
240 |
233 |
-2.9% |
10.7% |
10.0% |
| Packaging |
246 |
221 |
-10.2% |
12.4% |
11.2% |
| Construction Products |
267 |
283 |
+6.0% |
9.0% |
9.1% |
| Building Materials |
97 |
103 |
+6.2% |
7.5% |
7.6% |
| Insulation |
110 |
121 |
+10.0% |
11.4% |
11.6% |
| Pipe |
60 |
59 |
-1.7% |
8.3% |
8.4% |
| Miscellaneous |
(1) |
1 |
n.m. |
|
|
| Group Total |
1,312 |
1,372 |
+4.6% |
8.3% |
8.1% |
| by geographic area: |
| France |
417 |
440 |
+5.5% |
7.6% |
7.6% |
| Other Western European Countries |
436 |
490 |
+12.4% |
6.6% |
6.9% |
| North America |
259 |
269 |
+3.9% |
9.1% |
9.4% |
| Emerging countries and Asia |
200 |
173 |
-13.5% |
12.0% |
8.7% |
| Group Total |
1,312 |
1,372 |
+4.6% |
8.3% |
8.1% |
| III. BUSINESS INCOME |
H1
2004
(in € m) |
H1
2005
(in € m) |
Change on
an actual
structure basis |
H1
2004
(in % of sales) |
H1
2005
(in % of sales) |
| by Sector and Division: |
| Building Distribution |
307 |
358 |
+16.6% |
4.7% |
4.9% |
| High-Performance Materials |
223 |
242 |
+8.5% |
9.4% |
10.0% |
| Ceramics and Plastics & Abrasives |
189 |
216 |
+14.3% |
10.8% |
12.1% |
| Reinforcements |
34 |
26 |
-23.5% |
5.3% |
4.1% |
| Flat Glass |
215 |
229 |
+6.5% |
9.6% |
9.8% |
| Packaging |
236 |
233 |
-1.3% |
11.9% |
11.8% |
| Construction Products |
218 |
267 |
+22.5% |
7.3% |
8.6% |
| Building Materials |
86 |
99 |
+15.1% |
6.7% |
7.3% |
| Insulation |
94 |
122 |
+29.8% |
9.8% |
11.7% |
| Pipe |
38 |
46 |
+21.1% |
5.2% |
6.6% |
| Miscellaneous |
(51)* |
(61)* |
n.m. |
|
|
| Group Total |
1,148 |
1,268 |
+10.5% |
7.3% |
7.5% |
| by geographic area: |
| France |
389 |
435 |
+11.8% |
7.1% |
7.5% |
| Other Western European Countries |
368 |
490 |
+33.2% |
5.6% |
6.9% |
| North America |
195* |
174* |
-10.8% |
6.8% |
6.1% |
| Emerging countries and Asia |
196 |
169 |
-13.8% |
11.7% |
8.5% |
| Group Total |
1,148 |
1,268 |
+10.5% |
7.3% |
7.5% |
* after asbestos-related charge (before tax) of €54m in H1 2005 and €50m in H1 2004
| IV. CASH FLOW |
H1
2004
(in € m) |
H1
2005
(in € m) |
Change on
an actual
structure basis |
H1
2004
(in % of sales) |
H1
2005
(in % of sales) |
| by Sector and Division: |
| Building Distribution |
214 |
258 |
+20.6% |
3.3% |
3.5% |
| High-Performance Materials |
240 |
254 |
+5.8% |
10.1% |
10.5% |
| Ceramics and Plastics & Abrasives |
173 |
195 |
+12.7% |
9.9% |
10.9% |
| Reinforcements |
67 |
59 |
-11.9% |
10.4% |
9.2% |
| Flat Glass |
256 |
260 |
+1.6% |
11.4% |
11.2% |
| Packaging |
263 |
233 |
-11.4% |
13.3% |
11.8% |
| Construction Products |
258 |
274 |
+6.2% |
8.7% |
8.9% |
| Building Materials |
96 |
97 |
+1.0% |
7.4% |
7.1% |
| Insulation |
114 |
122 |
+7.0% |
11.8% |
11.7% |
| Pipe |
48 |
55 |
+14.6% |
6.6% |
7.9% |
| Miscellaneous |
32* |
76* |
n.m. |
|
|
| Group Total |
1,263 |
1,355 |
+7.3% |
8.0% |
8.0% |
| by geographic area: |
| France |
424 |
480 |
+13.2% |
7.7% |
8.2% |
| Other Western European Countries |
395 |
448 |
+13.4% |
6.0% |
6.3% |
| North America |
225* |
224* |
-0.4% |
7.9% |
7.8% |
| Emerging countries and Asia |
219 |
203 |
-7.3% |
13.1% |
10.3% |
| Group Total |
1,263 |
1,355 |
+7.3% |
8.0% |
8.0% |
* after asbestos-related charge (after tax) of €36m in H1 2005 and €34m in H1 2004
| V. CAPITAL EXPENDITURE |
H1
2004
(in € m) |
H1
2005
(in € m) |
Change on
an actual
structure basis |
H1
2004
(in % of sales) |
H1
2005
(in % of sales) |
| by Sector and Division: |
| Building Distribution |
107 |
131 |
+22.4% |
1.7% |
1.8% |
| High-Performance Materials |
90 |
106 |
+17.8% |
3.8% |
4.4% |
| Ceramics and Plastics & Abrasives |
44 |
61 |
+38.6% |
2.5% |
3.4% |
| Reinforcements |
46 |
45 |
-2.2% |
7.1% |
7.1% |
| Flat Glass |
148 |
164 |
+10.8% |
6.6% |
7.0% |
| Packaging |
101 |
89 |
-11.9% |
5.1% |
4.5% |
| Construction Products |
106 |
104 |
-1.9% |
3.6% |
3.4% |
| Building Materials |
40 |
38 |
-5.0% |
3.1% |
2.8% |
| Insulation |
48 |
50 |
+4.2% |
5.0% |
4.8% |
| Pipe |
18 |
16 |
-11.1% |
2.5% |
2.3% |
| Miscellaneous |
2 |
4 |
n.m. |
|
|
| Group Total |
554 |
598 |
+7.9% |
3.5% |
3.5% |
| by geographic area: |
| France |
115 |
125 |
+8.7% |
2.1% |
2.1% |
| Other Western European Countries |
183 |
184 |
+0.5% |
2.8% |
2.6% |
| North America |
106 |
93 |
-12.3% |
3.7% |
3.2% |
| Emerging countries and Asia |
150 |
196 |
+30.7% |
9.0% |
9.9% |
| Group Total |
554 |
598 |
+7.9% |
3.5% |
3.5% |
APPENDIX 2
Consolidated balance sheet
(in € millions)
| ASSETS |
June 30, 2005 |
Dec. 31, 2004 |
| Goodwill |
5,402 |
5,203 |
| Other intangible assets, net |
2,200 |
1,804 |
| Property, plant and equipment, net |
10,016 |
9,367 |
| Investments in associates |
54 |
64 |
| Available-for-sale and other securities |
100 |
92 |
| Other non-current assets |
316 |
321 |
| Non-current assets |
18,088 |
16,851 |
| Inventories |
5,426 |
4,817 |
| Trade accounts receivable |
6,107 |
4,789 |
| Current income tax receivable |
31 |
155 |
| Other accounts receivable |
1,116 |
915 |
| Assets held for sale |
143 |
0 |
| Cash and cash equivalents |
1,684 |
2,898 |
| Current assets |
14,507 |
13,574 |
| Total assets |
32,595 |
30,425 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
June 30, 2005 |
Dec. 31, 2004 |
| Capital stock (made up of 345,255,470 €4 par value shares at 06/30/2005, and 340,988,000 €4 par value shares at 12/31/2004) |
1,381 |
1,364 |
| Additional paid-in capital and legal reserve |
2,261 |
2,123 |
| Retained earnings and net income for the year |
7,654 |
7,415 |
| Cumulative translation adjustments |
535 |
(80) |
| Fair value reserves |
11 |
3 |
| Treasury stock |
(140) |
(152) |
| Shareholders' equity |
11,702 |
10,673 |
| Minority interests |
292 |
237 |
| Net equity of consolidated entities |
11,994 |
10,910 |
| Pensions and other post-retirement benefits |
2,708 |
2,750 |
| Deferred tax liability |
361 |
238 |
| Provisions for long-term contingencies and charges |
607 |
548 |
| Long-term debt |
5,392 |
5,629 |
| Non-current liabilities |
9,068 |
9,165 |
| Current portion of provisions for contingencies and charges |
359 |
353 |
| Current portion of long-term debt |
1,155 |
1,338 |
| Trade accounts payable |
4,647 |
3,954 |
| Current income tax payable |
126 |
249 |
| Other payables and accrued expenses |
2,578 |
2,307 |
| Liabilities held for sale |
68 |
0 |
| Short-term debt and bank overdrafts |
2,600 |
2,149 |
| Current liabilities |
11,533 |
10,350 |
| Total liabilities and shareholders' equity |
32,595 |
30,425 |
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