COD Compagnie De Saint-gobain

RNS No 1311q
COMPAGNIE DE SAINT-GOBAIN
17th September 1998


CONFIRMATION OF NET INCOME EXCLUDING
CAPITAL GAINS OF 2.8 BILLION FRENCH FRANCS (+23%)
FOR THE FIRST HALF YEAR 1998


The Board of Directors of SAINT-GOBAIN at its meeting on September 17th, 1998
examined the consolidated financial statements of the Group for the first half
year 1998.

The key consolidated figures confirm the estimates published on July 23rd,
1998 and are as follows:


Millions of French Francs                    First half 1998     First half 1997

Sales                                             57,691             52,846

Operating income                                   5,766              5,059
Financial charges, net                             (932)              (896)
Reorganisation and other costs                     (374)              (388)

Income before tax and before                       4,783              4,237
 results of sales of non-current assets
 Results of sales of non-current assets              899              1,558
 Income taxes                                     (1,885)            (1,968)

Net income before minority interests               3,752              3,695
Net income                                         3,448              3,356
Net income excluding net results of sales          2,773              2,259
 of non-current assets
Resources from operations (cash flow)              6,499              5,495
Capital expenditure on plant and equipment         3,695              3,886
Acquisition of investments                         3,786              1,015
Net indebtedness                                  21,641             14,459

The Board of Directors also examined the accounts of Compagnie de SAINT-
GOBAIN, the parent (holding) company.  A trading profit 1,435 million French
Francs was recorded for the first half year 1998 against 1,299 million French
Francs for the same period in 1997.

Outlook

Taking into account the continued good level of activity in most of its
divisions, the SAINT-GOBAIN Group is confident for the second half and keeps,
for the full year 1998, its double growth forecast for net income excluding
capital gains.


Investor Relations Department
Tel: Florence TRIOU 01 47 62 45 19
Tel: Lounis BEKKAT  01 47 62 32 36
Fax:                01 47 62 50 62


END

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