Earnings Release • May 7, 2008
Earnings Release
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Ireland | 7 May 2008 18:54
Saint-Gobain Oberland AG:
Saint-Gobain Oberland AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]
Interim report according to Article 37x of the WpHG, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Release of an announcement of the Board of Directors
of Saint-Gobain Oberland AG
by March 31, 2008
Glass packaging still trendy
The economic development in Germany in general as well as especially in the
container glass market further presents itself positively in the first
quarter of 2008. There is a similar tendency for Eastern Europe. The
production capacities of the Saint-Gobain Oberland Group are still working
to full capacity.
Increase of volume and yield
As a consequence of the high demand for glass, the Saint-Gobain Oberland
Group could increase their volumes both for the German companies as well as
for the Eastern European subsidiaries by approximately 14 % upon totally
122,3 Mio. EUR in the first three months of 2008 compared to the
corresponding previous year period.
The operating profit also rose despite the impact caused by higher costs
for energy, raw materials and cullet.
As a result hereof as well as of low investments, the cashflow improved
compared to the previous year.
Stable number of employees
The number of employees compared to the 31.12.2007 is only slightly
regressive. The reduction from 3.412 to 3.376 employees took place within
the scope of the natural fluctuation.
Forecast 2008
For the further course of this year, the Board of Directors of Saint-Gobain
Oberland AG further expects a positive business development. There are no
risks for the continuity of the company.
May 2008
Saint-Gobain Oberland AG
Board of Directors
Contact:
Cornelia Banzhaf
Public Relations Manager
Oberlandstraße
88410 Bad Wurzach
Tel.: 07564 - 18 255
e-Mail: [email protected]
Language: English
Issuer: Saint-Gobain Oberland AG
Oberlandstraße
88410 Bad Wurzach
Deutschland
Internet: www.saint-gobain.com
End of News DGAP News-Service
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