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

Plastics – Sales by division (pie chart)

In the Plastics segment, sales to third parties grew sharply compared with the previous year, rising by €2,702 million to €9,830 million (volumes 22%, prices 10%, currencies 6%). At €1,273 million, income from operations was also far above the 2009 level. This positive development was due to the unexpectedly high demand from nearly all customer industries as well as supply shortages for certain products, especially polyamide intermediates. Our measures to increase efficiency also contributed to the rise in earnings.

We expect sales and earnings in 2011 to slightly exceed the level of the previous year. We anticipate that demand for our products will remain volatile and that increasing product availability will have a negative impact on margins.

Sales – Plastics
(million €)

Plastics – Sales (bar chart)

Factors influencing sales – Plastics

Plastics – Factors influencing sales (bar chart)

Income from operations – Plastics
(million €)

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

 

 

 

2010

2009

Change in %

Sales to third parties

9,830

7,128

37.9

Thereof Performance Polymers

4,389

3,005

46.1

Polyurethanes

5,441

4,123

32.0

Intersegmental transfers

546

363

50.4

Sales including intersegmental transfers

10,376

7,491

38.5

Income from operations before depreciation and amortization (EBITDA)

1,721

994

73.1

EBITDA margin (%)

17.5

13.9

Income from operations (EBIT) before special items

1,284

576

122.9

Income from operations (EBIT)

1,273

554

129.8

Income from operations (EBIT) after cost of capital

816

139

487.1

Assets

5,114

4,530

12.9

Research and development expenses

141

126

11.9

Additions to property, plant and equipment and intangible assets

250

249

0.4

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