SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated January 15, 2003
________________________
Pechiney
(Name of Registrant)
7, Place du Chancelier Adenauer
75218 Paris Cedex 16
France
(Address of Principal Executive Offices)
________________________
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F: [X] Form 40-F: [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes: [ ] No: [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes: [ ] No: [X]
Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes: [ ] No: [X]
Enclosure: A press release dated January 14, 2003 announcing consensus forecasts
for 2003 financial results.
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[PECHINEY LOGO]
Consensus forecasts for Pechiney's results
Paris, January 14. 2003 - A survey by Pechiney of 12 analysts following the
stock has resulted in the following consensus forecasts for the company's full
year 2002 results due out on January 30th and for the group's full year 2003
results.
================================================================================
(euro)m FY - 01 FY - 02 FY - 03
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Hist. Low Average High Low Average High
--------------------------------------------------------------------------------
Earnings from Operations 549 395 402 409 279 353 454
--------------------------------------------------------------------------------
Reported Net Income 233 34 41 47 9 111 173
--------------------------------------------------------------------------------
Adjusted Net Income* 297 161 182 188 90 149 206
--------------------------------------------------------------------------------
Adjusted Net Income*
Per share 3.76 2,04 2.30 2.38 1.14 1.89 2.60
================================================================================
(*) Adjusted Net Income is defined as Reported Net Income excluding the impact,
after taxes, of Restructuring expense, Other (expense) income and other
non-recurring items.
The above consensus is shown in French GAAP. Please also note that, in US GAAP,
goodwill is no longer amortized from January 1. 2002.
Firms contributing to the consensus were ABN Amro, Aurel Leven, BB&T Capital
Markets, BNPParibas, CAI Cheuvreux, CDC IXIS Securities, Deutsche Bank, Dexia
Securities, ING Financial Markets, Merrill Lynch, Natexis Capital and UBS
Warburg.
Pechiney is an international group that is listed on the Paris and New York
stock exchanges. Its two main sectors are aluminum and packaging. With a
presence in 50 countries, Pechiney achieved sales of approximately 11 billion
euros in 2001 with 34,500 employees.
*****
The opinions and projections contained in this press release are entirely those
of independent analysts and have not been prepared or reviewed by Pechiney.
Pechiney makes no representation concerning the quality, content or reliability
of these opinions and projections, which are provided as a convenience only.
Neither Pechiney nor any of its directors, officers or employees shall be in any
way responsible for the contents of this press release, nor shall any of them be
liable for any loss arising from the use of these opinions and projections or
otherwise arising in connection therewith.
Actual results may differ materially from those set forth in any forward-looking
statements in this press release (as defined in section 27A of the U.S.
Securities Act of 1933, as amended). These forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause
Pechiney's actual results, performance or achievements to be materially
different from the independent opinions and projections contained in this press
release.
Investor Relations Contacts: Press Contacts:
Charles L. Ranunkel Tel: 33 1 56 28 25 07 Chrystele Ivins: Tel.: 33 1 56 28 24 18
Catherine Paupelin Tel: 33 1 56 28 25 08 chrystele.ivins@pechiney.com
Jerome Gaudry Tel: 33 1 56 28 25 23
Fax 33 1 56 28 33 38 Stephan Giraud: Tel.: 33 1 56 28 24 19
stephan.giraud@pechiney.com
PECHINEY
7, place du Chancelier Adenauer
75116 Paris
e-mail: Pechiney-IR-Team@pechiney.com
Internet: http://www.pechiney.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Pechiney has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: January 15, 2003 PECHINEY
By: /s/ OLIVIER MALLET
--------------------------------
Name: Olivier MALLET
Title: Chief Financial Officer
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