Developments in the HPM Sector in H1-2005

Cash flow and capital expenditure (in Єm and as % of sales) Capital expenditure 258 254 260 233 96 127 148 Free cash flow 274 170 144 164 131 106 104 1.8% 4.4% 7.0% 89 4.5% 3.4% Distribution HPM Flat Glass Free cash flow = Cash flow - Capital expenditure *CP Construction Products Packaging CP mmmm SAINT-GOBAIN

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