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

Functional Solutions – Sales by division (pie chart)

Sales to third parties grew by €2,588 million to €9,703 million, a strong increase over the previous year’s level (volumes 17%, prices 10%, portfolio 1%, currencies 8%). Despite one-time costs at the end of 2010, income from operations at €457 million was far above the weak level of the previous year. The main reasons for this improvement were the strong recovery in global automotive production and our measures to increase efficiency.

In 2011, we expect rising demand from our key customer industries – the construction and automotive industries. We aim for a significant increase in sales and a substantial improvement in earnings.

Sales – Functional Solutions
(million €)

Functional Solutions – Sales (bar chart)

Factors influencing sales – Functional Solutions

Functional Solutions – Factors influencing sales (bar chart)

Income from operations – Functional Solutions
(million €)

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

 

 

2010

2009

Change in %

Sales to third parties

9,703

7,115

36.4

Thereof Catalysts

5,005

2,961

69.0

Construction Chemicals

2,121

1,991

6.5

Coatings

2,577

2,163

19.1

Intersegmental transfers

159

147

8.2

Sales including intersegmental transfers

9,862

7,262

35.8

Income from operations before depreciation and amortization (EBITDA)

861

511

68.5

EBITDA margin (%)

8.9

7.2

Income from operations (EBIT) before special items

467

209

123.4

Income from operations (EBIT)

457

107

327.1

Income from operations (EBIT) after cost of capital

(356)

(644)

44.7

Assets

9,364

8,265

13.3

Research and development expenses

179

163

9.8

Additions to property, plant and equipment and intangible assets

208

174

19.5

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