General
Information
Last Update:
Mar. 10, 2011
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Part of the audited Consolidated Financial Statements and Management´s Analysis

Business review

Sales by division

Chemicals – Sales by division (pie chart)

In the Chemicals segment, sales to third parties rose by €3,862 million to reach €11,377 million. This high growth can be attributed to both greater demand resulting from the economic upturn as well as higher prices (volumes 18%, prices 28%, currencies 5%). Income from operations grew by €1,575 million to €2,310 million – a strong increase in comparison with the previous year. Our programs to reduce costs and increase efficiency made a significant contribution to this earnings growth.

We expect sales in 2011 to be slightly above the level of 2010. Additional capacities will increase pressure on margins, especially for cracker products. Earnings are expected to be slightly below the level of 2010.

Sales – Chemicals
(million €)

Chemicals – Sales (bar chart)

Factors influencing sales – Chemicals

Chemicals – Factors influencing sales (bar chart)

Income from operations – Chemicals
(million €)

Chemicals – Income from operations (bar chart)
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Segment data Chemicals (million €)

 

 

 

 

2010

2009

Change in %

Sales to third parties

11,377

7,515

51.4

Thereof Inorganics

1,255

983

27.7

Petrochemicals

7,593

4,664

62.8

Intermediates

2,529

1,868

35.4

Intersegmental transfers

5,476

3,564

53.6

Sales including intersegmental transfers

16,853

11,079

52.1

Income from operations before depreciation and amortization (EBITDA)

3,000

1,571

91.0

EBITDA margin (%)

26.4

20.9

Income from operations (EBIT) before special items

2,302

1,021

125.5

Income from operations (EBIT)

2,310

735

214.3

Income from operations (EBIT) after cost of capital

1,722

185

.

Assets

6,526

5,688

14.7

Research and development expenses

130

129

0.8

Additions to property, plant and equipment and intangible assets

535

482

11.0

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