Full Year 2019 Compagnie de Saint Gobain SA Earnings Call Transcript
Good morning, everybody, and welcome to this presentation on our 2019 results. So we'll -- I will go quickly through the highlights, then Sreedhar will go into more detail in our results. Benoit and I will update you on the strategy, and I'll finish up with the outlook for 2020.
So 2019 has been a very good year for Saint-Gobain, with, you see the main figures, sales up 1.9% to EUR 42.6 billion, up like-for-like 2.4%. Our operating income is up 5.7% on actual terms and 4.7% on a like-for-like basis with an increase of the operating margin of 30 basis points to 8%.
Our recurring net income is up 10% at EUR 1.915 billion, and the EPS is up a little more because we have reduced the -- to 11%, we have reduced the number of share outstanding.
The EBITDA with the new definition that Sreedhar explained to you in July is up 4.8% at EUR 4.870 billion. And the debt is down. This is the debt post IFRS, which is down EUR 700 million to EUR 10.5 billion, which gives a good ratio.
So if
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