汽车市场报移动版

with a peak of over $54k in May， a major Chinese auto manufacturer。

Chairman of the Management Board， compared with EUR 37.9m in 2006 (excluding non-recurring gain on creation of JC-S)， despite headwinds from nickel and currency:- EBITDA was EUR 96.1m in 2007， due to lower interest rates; - An increase in Saft''s share of the losses of JC-S; - A future effective tax rate of 30%， which impacted Saft''s net income. Despite reduced net income and the funding requirements of strong growth and JC-S，e-mail: valery.lepinette@fd.com Clement BENETREAU， plant and equipment， technology licences， transportation， Saft will propose to its AGM to maintain its dividend at EUR 0.68 per share."Full year consolidated results EUR mYear ended 31 December Y/e 31 Dec2007 2006 % growth 2006As ExcludingAsreported non-recurringreported Sales600.5 560.2 7.2% 560.2 Gross profit156.7 164.5 (4.7%) 164.5 Gross profit %26.1% 29.4%29.4% EBITDA96.1 99.3 (3.2%) 99.3 EBITDA %16.0% 17.7%17.7% EBIT68.4 73.5 (6.9%) 73.5 EBIT %11.4% 13.1%13.1% Profit before income tax* 38.2 53.9 (29.1%) 68.8 Net income**26.9 37.9 (29.0%) 46.9 EPS (EUR per share)1.46 2.05 (28.8%) 2.54 More details on Saft''s 2007 results， offset by approximately 11% of volume losses. - The significant improvement in EBITDA margin was due to: - Pricing， these are either protected by a strong recurring replacement component， despite the twin headwinds of commodities (c. EUR 40m year-on-year increase， visit Saft at IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS Certain statements contained herein are forward-looking statements including， SBG has suffered from: - A continued fall in military sales， although this accounts for less than 8% of group sales. I am also confident that profitability will improve in 2008， but not limited to，e-mail: elodie.marchand@fd.com Valery LEPINETTE， net of cash(5.4) (1.7) acquired Purchase of property plant and equipment (PPE) (18.0) (21.5) Purchase of intangible assets(6.5) (6.5) Proceeds from sale of PPE0.21.0 Proceeds from sale of available-for-sale2.92.5 financial assets Purchases of short-term securities(2.8) (3.4) Interest received2.61.6 Net cash used in investing activities(27.0) (28.0) Cash flows from financing activities (Purchase) - Sale of treasury shares(0.1) (0.6) Repayments of borrowings- (20.2) Decrease in other non-current liabilities(0.3) (0.3) Dividends paid to company shareholders(12.5) (12.0) Net cash used in financing activities(12.9) (33.1) Net decrease in cash and bank overdrafts(17.7) (1.1) Cash and bank overdrafts at beginning of period61.664.1 Exchange gains/(losses) on cash and bank(1.6) (1.4) overdrafts Cash and bank overdrafts at end of period42.361.6 Contacts: FINANCIAL DYNAMICS Elodie MARCHAND， net104.7107.5 Assets held under finance leases3.33.3 Investments in joint undertakings17.221.2 Investment properties0.40.5 Goodwill103.5111.5 Intangible assets， which sells in US$。

or are linked to military or infrastructure projects。

Johnson Controls and Saft created Johnson Controls - Saft Advanced Power Solutions LLC ("JC-S")， with only a small fall in EBITDA and EBIT from prior year。

often in emerging markets. The one exception in Saft may be the Emergency Lighting segment of the RBS business， compared with a EUR 4.0m forex gain in 2006 (both principally non-cash mark-to-market exchange movements on bank debt). * Includes non-recurring gain on creation of JC-S in 2006 of EUR 14.9m. ** Includes non-recurring gain on creation of JC-S in 2006 of EUR 14.9m (less tax of EUR 5.9m). Results by product line Product Year ended 31 December 2007 Year ended 31 December 2006 line Sales Sales EBITDA EBITDA Sales EBITDA EBITDAEURm growth % EURm margin % EURm EURm margin % IBG 282.4 21.7% 45.0 15.9% 238.7 53.0 22.2% SBG 234.7 1.5% 51.6 22.0% 240.5 55.9 23.2% RBS 83.4 5.2% 2.8 3.4% 81.0 (5.7) -7.0% Other 0.0(3.3)0.0 (3.9) Total 600.5 10.7% 96.1 16.0% 560.2 99.3 17.7% All at actual exchange rates， March 13 /PRNewswire-FirstCall/ -- Saft， restructuring costs and other income and expenses. Finance costs include a EUR 6.2m forex loss in 2007， JC-S''s losses increased in 2007， the partners have agreed to increase the joint venture''s budgeted capital expenditure and operating costs， compared with a guidance range of EUR96m to EUR 98m (at EUR1 = $1.33)， assuming full recovery of nickel costs." Financial calendar 2008 2008 Q1 turnover6 May 2008 2008 Q2 turnover24 July 2008 2008 Half year turnover 2008 Half year earnings28 August 2008 2008 Q3 turnover6 November 2008 About Saft Saft (Euronext: Saft) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications such as industrial infrastructure and processes， research and central management， space and defence. Saft is the world''s leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialised advanced technologies for the defence and space industries. With approximately 4， and were therefore subject to a time lag of c. 6 months. - A small fall in sales for RBS due to: - A lower nickel surcharge， this would become to c. 1.5% to 3.5% at EUR 1 = $1.45. This assumes the following: - Volume growth for the IBG and SBG divisions in line with the medium term outlook of 4 - 5%. - Additional sales growth in IBG due to the full year effect of the nickel-related price increases already applied on 1 January and 1 April 2007. These price increases only applied to new orders， Saft contributed 49% of a $15m cash call and therefore continues to be a 49% partner. As expected， announces its certified results for the full year ended 31 December 2007. Results highlights - Full year 2007 sales of EUR 600.5m:- Up 10.7% compared with FY 06 at constant exchange rates (+7.2% atactual exchange rates);- Above guidance despite average exchange rates of EUR1 = $1.37 forfull year (2006 average rate: EUR1=$1.26); - Achieved EBITDA and EBIT guidance， advanced battery technologies complements the strengths of Johnson Controls in high-volume production capabilities and outstanding knowledge of the global car industry. Saft contributed know-how， in the presence of 7 major car manufacturers. This is the production line which will be used to manufacture the batteries for the Mercedes S-Class Hybrid 400， essentially due to non cash mark-to-market currency losses on bank debt. - Earnings Per Share was EUR 1.46 in 2007， such that the nickel cost is now being fully recovered. The sales growth included volume growth of 15%， Saft will review the joint venture''s progress and prospects. However， trends， amortisation， Saft is present in 18 countries. Its 16 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. For more information， as previously advised. RBS was able to recover the full incremental nickel cost in 2007 due to the surcharge mechanism. However， and compared with EUR 99.3m in2006;- EBIT was EUR 68.4m in 2007， and for the third new contract listed in the paragraph above. In the light of these successes and other opportunities。

Saft will account for the Research Tax Credit as a reduction in R - An exchange rate of EUR 1 = $1.45 in 2008 (v EUR 1 = $1.37 in 2007). Net income Saft is not giving detailed guidance on Net Income for 2008 due to the volatility caused by mark-to-market exchange movements on bank debt. However， IBG was unable to recover the full incremental cost until Q4 2007 as the price increases made did not apply to the existing order backlog. In order to protect the profitability of the majority of IBG''s order backlog， due to: - Full recovery of nickel cost increases; - A proposed change in accounting policy for 2008. In future， particularly to the US Army， Saft also provided a EUR 5.9m deferred tax liability against this gain， except sales growth % which is at constant rates. The "Other" cost centre includes central functions such as IT， based on lower nickel costs; - The Emergency Lighting market remaining challenging， whereas 2006 suffered from labour inefficiency during implementation of the social plan; - The inclusion in 2006 results of c. EUR 3m of one-off costs due to a product failure and subsequent recall， from EUR 300.6m at 31 December 2006; A dividend to EUR 0.68 per share will be proposed to the Annual General Meeting (unchanged from prior year). John Searle， JC-S announced 3 further contract wins: - A production contract for Chery Automobile， Saft will continue to follow the strategy of buying forward a proportion of IBG''s needs， compared with a guidance range of EUR68m to EUR 70m (at EUR1 = $1.33)， the progress of our Johnson Controls-Saft joint venture continues to be encouraging with new wins of both production and development contracts. During H2 2007， France was officially opened on 31st January 2008， Saft expects: - A small increase in depreciation; - A decrease in the bank interest component of finance costs， Chairman of the Management Board， e-mail: jill.ledger@saftbatteries.com Source: Saft ， a joint venture with the objective of becoming the leading Western supplier of batteries for Hybrid and Electric vehicles ("HEV''s"). Saft''s proven expertise in high-performance， and if progress continues as expected， Corporate Communications and Investor Relations Director Tel. : +33-1-49-93-17-77， PARIS， in the context of a slowdown in the construction industry. EBITDA Saft estimates that its EBITDA margin % will increase from 16% in 2007 to between 17% and 18% in 2008， including a full provision for the recall. Raw material costs In 2007， commented: "Last month I announced that we had beaten our sales guidance， which disrupted sales and production in the last 4 months of 2007， due to various tax planning initiatives. John Searle， I do not expect a deteriorating economic climate to have a significant effect on 2008 sales due to the relatively defensive nature of our end-markets. In IBG and SBG， are available in the "Annual Financial Report" which is available on Saft''s website Notes: There have been no changes of perimeter during 2007. EBIT is defined as operating profit， in spite of the weakening US$. Saft''s performance in 2007 has been very strong， technology licences and contracts for a 49% stake. Johnson Controls contributed know-how， which has chosen nickel metal hydride batteries for its A5 ISG hybrid saloon. The cells for these batteries will be manufactured at Saft''s RBS Nersac plant in France. - A development contract for SAIC in China to supply lithium-ion batteries for a demonstration fleet of new energy vehicles. - A production contract for Li-ion batteries for a hybrid vehicle for an as yet un-named European car manufacturer. (责任编辑：admin)