Developments in the HPM Sector in H1-2005

Net debt and equity (in €m) ■Net debt* ☐ Equity Interest cover Net-debt-to-cash-flow (12m) Net debt/equity 7.4 10.8 10.9 6.2 7.5 12 '06/30/2004 12/31/2004 06/30/2005 5.0 5.1 5.2 37% 42.4% 36.6% 69% 57% 62% mmmm SAINT-GOBAIN

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