Other
Data for Other1 (million €) |
||||||||||||
|
|
2016 |
2015 |
Change in % |
||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||
Sales |
|
2,018 |
2,790 |
(28) |
||||||||
Income from operations before depreciation and amortization (EBITDA) |
|
(972) |
(866) |
(12) |
||||||||
Amortization and depreciation2 |
|
119 |
119 |
– |
||||||||
Income from operations (EBIT) |
|
(1,091) |
(985) |
(11) |
||||||||
Special items |
|
(41) |
(97) |
58 |
||||||||
EBIT before special items |
|
(1,050) |
(888) |
(18) |
||||||||
Assets3 |
|
9,374 |
9,632 |
(3) |
||||||||
Investments4 |
|
121 |
111 |
9 |
||||||||
Research and development expenses |
|
398 |
407 |
(2) |
Sales in Other fell by €772 million to €2,018 million compared with 2015. Lower prices and volumes in the raw materials trading business were primarily responsible, along with the expiration of supply contracts in connection with the disposal of our share in the Ellba Eastern Private Ltd. joint operation in Singapore at the end of 2014.
Income from operations before special items in Other declined by €162 million to minus €1,050 million. This was largely attributable to valuation effects for our long-term incentive program. Positive currency effects helped slow the decline.