General
Information
Last Update:
March 1, 2012
Seitenende

Business review

In the Functional Solutions segment, our sales to third parties increased year-on-year by €1,658 million to €11,361 million (volumes 9%, prices 10%, portfolio 1%, currencies –3%). Demand from the automotive industry for both our mobile emissions catalysts and automotive coatings was strong. At €427 million, income from operations was €30 million below the level of the previous year, mainly as a result of higher special charges, particularly in the Coatings division.

Sales – Functional Solutions
(million €)

Income from operations – Functional Solutions (million €)

Sales by division
 

Factors influencing sales –
Functional Solutions

In 2012, we expect growing demand from our key customer sectors, the construction and automotive industries. We expect sales and earnings to exceed the level of the previous year.

  Download (Download XLS xls, 19 kB)

Segment data Functional Solutions (million €)

 

 

 

2011

2010

Change
in %

Sales to third parties

 

11,361

9,703

17.1

Thereof Catalysts

 

6,380

5,005

27.5

Construction Chemicals

 

2,181

2,121

2.8

Coatings

 

2,800

2,577

8.7

Intersegmental transfers

 

195

159

22.6

Sales including intersegmental transfers

 

11,556

9,862

17.2

Income from operations before depreciation and amortization (EBITDA)

 

921

861

7.0

EBITDA margin

%

8.1

8.9

Income from operations (EBIT) before special items

 

559

467

19.7

Income from operations (EBIT)

 

427

457

(6.6)

Income from operations (EBIT) after cost of capital

 

(599)

(356)

(68.3)

Assets

 

9,725

9,364

3.9

Research and development expenses

 

192

179

7.3

Additions to property, plant and equipment and intangible assets

 

359

208

72.6

Seite zurück Seitenanfang Seite weiter