Sales

• Sales down 18% to €57,550 million

Sales for 2016 decreased by €12,899 million to €57,550 million. This was mainly attributable to the divestiture of the gas trading and storage business as part of the asset swap with Gazprom at the end of September 2015. This business had contributed €10.1 billion to sales in 2015. In addition, lower oil, gas and other raw material prices led to a drop in sales prices, reducing sales in the chemicals business – especially the Chemicals segment – as well as in the Oil & Gas segment. We were able to continually raise sales volumes over the course of the year, and achieved slight volumes growth overall. Volumes grew slightly in the Chemicals, Performance Products and Oil & Gas segments. The Functional Materials & Solutions segment posted a significant increase, and Agricultural Solutions a slight decrease. Currency effects slightly dampened sales.

Sales (million €)