Corporate | 10 April 2008 17:22
Saint-Gobain Oberland AG / Final Results
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Bad Wurzach, April 10th 2008 – Saint-Gobain Oberland increased its group
sales from 413.9 mill. Euro to 467.8 mill. Euro. This is announced in the
2007 Annual Report, which the container glass manufacturer has just
published in Bad Wurzach. The increase of 13 percent was achieved, above
all, due to the increase in domestic sales. The group result after tax also
increased; in the year under report it reached a figure of 36.1 mill. Euro,
following a total of 31.7 mill. Euro the previous year.
In 2007, the previous year’s positive trend in the market for container
glass continued in Germany. Saint-Gobain Oberland was able to benefit from
the increased demand and stabilized its position in the market. In
particular, the trend towards the glass bottle continued in the beer and
wine market. Saint-Gobain Oberland participated in the strong growth of the
East European container glass market via the participations in glassworks
in Russia and the Ukraine.
Saint-Gobain Oberland AG was thus able to fulfil, and in some cases even
exceed, its targets in the 2007 financial year, despite high cost-pressure
- in the raw materials and energy areas. Besides the general market trend,
above all, a major contribution was made here by the intensive efforts of
the company to ensure optimal utilisation of all production capacities,
customer satisfaction, productivity and cost management. Further progress
in terms of efficiency was made possible by future-oriented investments at
the production plants.
From the balance sheet profit of the AG of 23,157,201.34 Euro, it is
planned to distribute 22.0 mill. Euro or 22.00 Euro per share as a
dividend. The remaining sum of 1,157,201.34 Euro will be carried forward.
This will be proposed by the Supervisory Board and Executive Board at the
Annual General Meeting in Bad Wurzach-Ziegelbach on 29th May 2008.
Background
Saint-Gobain Oberland AG, founded in 1946 and taken over in the 1990s by
the French Saint-Gobain Group, is one of Europe’s leading manufacturers of
glass bottles and containers for the beverage and food industries. The
company has a total of more than 3,300 employees and has production plants
in Germany at the locations of Bad Wurzach, Wirges, Neuburg and Essen. In
recent years, two further locations have been added in Eastern Europe,
which produce for the local Russian and Ukrainian markets.
The company is a German subsidiary of the Packaging Division of the
Compagnie de Saint-Gobain, Paris. With more than 15,000 employees
worldwide, the Packaging Division is a global player, which has focused its
attention on glass packaging for the food industry. As world market leader
and reference partner for its customers in the markets for wine, spirits
and conserve glass containers, the Saint-Gobain Packaging Division holds a
strong position in Western Europe, the USA, in Latin America and in Eastern
Europe. In 2007 the Packaging Division registered sales of 3.4 billion
Euro. Of this total, 10% was accounted for by the manufacture of bottles
and conserve jars in the threshold countries.
Cornelia Banzhaf
Public Relations Managerin
Oberlandstraße
88410 Bad Wurzach
Tel.: 07564 – 18 255
e-Mail: cornelia.banzhaf@saint-gobain.com
10.04.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Saint-Gobain Oberland AG
Oberlandstraße
88410 Bad Wurzach
Deutschland
Phone: 07564-18 255
Fax: 07564-18 461
E-mail: cornelia.banzhaf@saint-gobain.com
Internet: www.saint-gobain.com
ISIN: DE0006851603
WKN: 685160
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