✓ audited

Business review

In the Performance Products segment, sales to third parties rose by €174 million to €15,871 million in 2012. With prices stable, positive currency effects were able to more than offset lower sales volumes (volumes –2%, prices 0%, currencies 3%). Income from operations declined by €75 million to €1,286 million. This was primarily attributable to lower capacity utilization and increased research spending.

We aim to increase sales in 2013 despite a market environment that remains challenging. In particular, business expansion in growth markets is expected to contribute to this. Earnings are also expected to rise as a result of our strict cost discipline and repositioning measures, as well.

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

Segment data Performance Products (million €)

 

 

2012

2011

Change in %

Sales to third parties

 

15,871

15,697

1

Thereof Dispersions & Pigments

 

3,677

3,509

5

Care Chemicals

 

4,957

5,174

(4)

Nutrition & Health

 

1,959

1,862

5

Paper Chemicals

 

1,634

1,623

1

Performance Chemicals

 

3,644

3,529

3

Intersegmental transfers

 

456

490

(7)

Sales including intersegmental transfers

 

16,327

16,187

1

Income from operations before depreciation and amortization (EBITDA)

2,113

2,312

(9)

EBITDA margin

%

13.3

14.7

Income from operations (EBIT) before special items

1,428

1,727

(17)

Income from operations (EBIT)

 

1,286

1,361

(6)

Income from operations (EBIT) after cost of capital

(238)

(119)

(100)

Assets

 

13,496

13,680

(1)

Research and development expenses

 

345

330

5

Additions to property, plant and equipment and intangible assets

786

648

21