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Last Update: 03/11/2010
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Part of the audited Consolidated Financial Statements and Management´s Analysis

Business development

Customer-specific products and system solutions

Sales by division

Functional Solutions – Sales by division (pie chart)

The Functional Solutions segment consists of the Catalysts, Construction Chemicals and Coatings divisions. These divisions develop innovative, customer-specific products and system solutions, in particular for the automotive and construction industries.

Sales to third parties decreased by 24% to €7,115 million (volumes –14%, prices –11%, portfolio 0%, currencies 1%). Income from operations also declined by €44 million to €107 million. This was mainly due to the dramatic drop in demand from the automotive industry.

In 2010, we expect some improvement in the market environment in the automotive and construction industries and, as a result, we anticipate a slight increase in sales. We aim to significantly increase income from operations.

Sales Functional Solutions
(million €)

Functional Solutions – Sales (bar chart)

Income from operations Functional Solutions
(million €)

Functional Solutions – Income from operations (bar chart)

Factors influencing sales Functional Solutions

Functional Solutions – Factors influencing sales (bar chart)
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Segment data Functional Solutions (million €)

 

 

2009

2008

Change in %

Sales to third parties

7,115

9,388

(24.2)

Thereof Catalysts

2,961

4,729

(37.4)

Construction Chemicals

1,991

2,163

(8.0)

Coatings

2,163

2,496

(13.3)

Intersegmental transfers

147

147

Sales including intersegmental transfers

7,262

9,535

(23.8)

Income from operations before depreciation and amortization (EBITDA)

511

564

(9.4)

EBITDA as a percentage of sales

7.2

6.0

Income from operations (EBIT) before special items

209

265

(21.1)

Income from operations (EBIT)

107

151

(29.1)

Income from operations (EBIT) after cost of capital

(644)

(750)

14.1

Assets

8,265

8,693

(4.9)

Research and development expenses

163

186

(12.4)

Additions to property, plant and equipment and intangible assets

174

234

(25.6)

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