✓ audited

Business review

In the Plastics segment, our sales to third parties grew by €412 million to €11,402 million (volumes –3%, prices 2%, portfolio 1%, currencies 4%). This was mainly due to positive currency effects. We also raised prices in some business areas. Especially in the first half of 2012, we posted high demand from the automotive industry; however, this weakened in Europe in the second half of the year. At €874 million, income from operations was €385 million below the level of the previous year. This is particularly the result of lower margins for polyamide precursors.

In 2013, we aim to improve sales and earnings mainly through higher sales volumes.

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

Segment data Plastics (million €)

 

 

2012

2011

Change in %

Sales to third parties

 

11,402

10,990

4

Thereof Performance Polymers

 

5,110

5,138

(1)

Polyurethanes

 

6,292

5,852

8

Intersegmental transfers

 

619

694

(11)

Sales including intersegmental transfers

 

12,021

11,684

3

Income from operations before depreciation and amortization (EBITDA)

1,314

1,678

(22)

EBITDA margin

%

11.5

15.3

Income from operations (EBIT) before special items

873

1,203

(27)

Income from operations (EBIT)

 

874

1,259

(31)

Income from operations (EBIT) after cost of capital

250

674

(63)

Assets

 

5,846

5,297

10

Research and development expenses

 

157

149

5

Additions to property, plant and equipment and intangible assets

659

423

56