Regions

3rd Quarter 2017

Sales at companies located in Europe grew by 11% year-on-year, largely due to higher prices, particularly in the Chemicals segment. Volumes increased slightly overall. At €986 million, income from operations exceeded the prior-year figure by €255 million thanks to the considerably higher contribution from the Chemicals segment.

In North America, sales improved by 7% in local currency terms and 2% in euros compared with the prior-year quarter. This was mainly due to higher sales prices in the chemicals business1 and volumes growth, particularly in the Chemicals segment. Income from operations declined by €102 million to €158 million, primarily as a result of the considerable decline in the Functional Materials & Solutions segment and in Other.

Sales in Asia Pacific rose by 26% in local currency terms and 19% in euros. The change was primarily due to the significant price increase in the chemicals business and improved sales volumes in all segments. Income from operations was up €366 million on the third quarter of 2016, at €636 million. All segments achieved considerable growth, especially the Chemicals segment.

The region South America, Africa, Middle East saw a sales decrease of 3% in local currency terms and 7% in euros. Sales were negatively impacted by these currency effects, as well as by lower prices and volumes in the Agricultural Solutions segment in particular. At €178 million, income from operations was €25 million short of the previous third quarter’s level. This was primarily due to the considerable decline in the Agricultural Solutions segment.

1 Our chemicals business comprises the Chemicals, Performance Products and Functional Materials & Solutions segments.

Regions (million €)

 

 

Sales
Location of company

Sales
Location of customer

Income from operations
Location of company

 

 

2017

2016

Change %

2017

2016

Change %

2017

2016

Change %

3rd Quarter

 

 

 

 

 

 

 

 

 

 

Europe

 

7,276

6,548

11

6,869

6,390

7

986

731

35

Thereof Germany

 

4,832

4,310

12

2,010

1,791

12

270

327

(17)

North America

 

3,466

3,410

2

3,361

3,127

7

158

260

(39)

Asia Pacific

 

3,389

2,841

19

3,540

2,997

18

636

270

136

South America, Africa, Middle East

 

1,124

1,214

(7)

1,485

1,499

(1)

178

203

(12)

 

 

15,255

14,013

9

15,255

14,013

9

1,958

1,464

34

 

 

 

 

 

 

 

 

 

 

 

January – September

 

 

 

 

 

 

 

 

 

 

Europe

 

23,435

20,647

14

22,270

19,765

13

3,806

2,946

29

Thereof Germany

 

15,067

13,280

13

6,258

5,593

12

1,712

1,512

13

North America

 

12,098

10,977

10

11,652

10,580

10

1,008

1,101

(8)

Asia Pacific

 

10,042

8,225

22

10,583

8,670

22

1,630

681

139

South America, Africa, Middle East

 

2,801

2,855

(2)

3,871

3,689

5

146

320

(54)

 

 

48,376

42,704

13

48,376

42,704

13

6,590

5,048

31