sain t-gobain annu al report 2008 annual report

The Saint-Gobain Share
Stock market performance
Compagnie de Saint-Gobain shares are traded on the Eurolist
by Euronext Paris market (ISIN code FR 0000 125007).
In 2008, the company represented the twenty-sixth largest
market capitalization (at €12,853 million as of December 31,
2008) and the twenty-sixth most actively traded stock
on this market, with an average daily trading volume
of 2,774,078 shares during the year. The shares are also traded
on the other main European stock markets – Frankfurt,
London and Zurich since 1987 and Amsterdam and Brussels
since 1988. Trading volumes on these markets were also
high in 2008, particularly on the London Stock Exchange.
Compagnie de Saint-Gobain is included in the DJ Euro Stoxx
50 index and the Aspi Eurozone and FTSE4Good sustainable
development indices. More recently, the Group was selected
for inclusion in The Global Dow, a 150-stock index of the most
innovative, vibrant and influential corporations from around
the world.
In addition, Saint-Gobain equity options are traded
on the options markets in Paris (Monep) and London (Liffe),
with Monep trading volume representing 586,229 contracts
in 2008 versus 593,214 the previous year.
High and low share prices (1) (Source: Euronext Paris SA.)
Year High Low Year-end price
2006 58.416 44.571 57.826
2007 77.994 56.872 58.589
2008 59.288 20.941 30.521
Dividends (1) (Source: Euronext Paris SA.)
Year
Number of
shares with
dividend
rights
Net dividend
per share (1)
(in €)
Adjusted (1) net
dividend per
share (in €)
Yield based
on year-end
share price
2006 368,419,723 1.70 1.544 2.67%
2007 374,216,152 2.05 1.862 3.18%
2008 486,077,455 (2) 1.00 - 3.28%
Dividends not claimed within five years are time-barred and are paid
over to the State.
Share price (3)
80
70
60
50
40
30
20
10
0
Total Shareholder Return
Saint-Gobain share price
Paris Stock Exchange (average change)
Since the December 1986 privatization: 9.6% per year
Of which: 4.9% price appreciation
4.7% dividend yield (including the 50%
avoir fiscal tax credit until 2004)
Calculated as follows:
• IPO price: €10.559 (4)
• 1987 and 1988 cash dividends
• 1989-1997 stock dividends
• 1998-2008 cash dividends
• December 31, 2008 share price: €30.521 (4)
Over ten years, from December 30, 1998 to December 31, 2008:
6.2% per year
Of which: 1.1% price appreciation
5.1% dividend yield (including the 50%
avoir fiscal tax credit until 2004)
Calculated as follows:
• December 30, 1998 share price: €27.319 (4)
• Cash dividends from 1998 to 2008
• December 31, 2008 share price: €30.521 (4)
Trading volume (in thousands) (4)
Trading volume since the 4 -for-1 stock-split in June 2002
20,000
15,000
10,000
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MANAGEMENT REPORT
81
5, 000
0
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(1)
In accordance with IAS 33, per share data for periods prior to the February 2009
rights issue have been adjusted using the coefficient published by Euronext.
(2)
486,077,455 shares corresponding to the 382,571,985 shares outstanding at
December 31, 2008, less 4,511,742 shares held in treasury at February 28, 2009
plus the 108,017,212 shares included in the March 23, 2009 rights issue.
(3)
Adjusted for the effects of the February 2009 rights issue.
(4)
Adjusted for the effects of the March 1994 and February 2009 rights issues.
Saint-Gobain - 2008 Annual Report