✓ audited

Business review

Sales to third parties in the Functional Solutions segment increased by €99 million in 2012 to €11,460 million. This was primarily attributable to positive currency and portfolio effects (volumes –3%, prices –2%, portfolio 2%, currencies 4%). While sales volumes declined overall, demand was high for our automotive coatings and mobile emissions catalysts. Income from operations rose by €8 million to €435 million, partly as a result of the slight decrease in special charges.

For 2013, we expect higher demand especially from the automotive industry. We anticipate sales and earnings exceeding the level of 2012.

Sales – Functional Solutions (million €)
Functional Solutions – Sales (bar chart)Enlarge image
Sales by division
Functional Solutions – Sales by division (pie chart)Enlarge image
Factors influencing sales – Functional Solutions
Functional Solutions – Factors influencing sales (bar chart)Enlarge image
Income from operations – Functional Solutions (million €)
Functional Solutions – Income from operations (bar chart)Enlarge image
  Download (xls, 19 kB)

Segment data Functional Solutions (million €)

 

 

2012

2011

Change in %

Sales to third parties

 

11,460

11,361

1

Thereof Catalysts

 

6,184

6,380

(3)

Construction Chemicals

 

2,315

2,181

6

Coatings

 

2,961

2,800

6

Intersegmental transfers

 

204

195

5

Sales including intersegmental transfers

 

11,664

11,556

1

Income from operations before depreciation and amortization (EBITDA)

894

921

(3)

EBITDA margin

%

7.8

8.1

Income from operations (EBIT) before special items

561

559

.

Income from operations (EBIT)

 

435

427

2

Income from operations (EBIT) after cost of capital

(657)

(599)

(10)

Assets

 

9,765

9,725

.

Research and development expenses

 

243

192

27

Additions to property, plant and equipment and intangible assets

572

359

59