- Sales rise by 1% to €2,332 million as a result of increased sales volumes
- Slight growth in EBIT before special items, thanksprimarily to higher sales volumes
In the Construction Chemicals division, sales to third parties reached €2,332 million, an increase of €28 million over 2015. Negative currency effects in all regions and lower prices overall were more than offset by higher sales volumes.
In Europe and North America, sales grew as a result of this volumes increase; prices remained stable. In the region South America, Africa, Middle East, lower volumes and negative currency effects were the main factors behind a drop in sales. Demand declined in Saudi Arabia especially, as the number of public construction projects fell due to low oil prices. Falling prices were largely responsible for reduced sales in Asia. We were able to increase volumes in the region.
Income from operations before special items was slightly higher than the level of 2015, primarily as a result of volumes growth.