• Sales increase of 12% to €7,469 million mainly driven by higher prices
  • EBIT before special items slightly higher, largely as a result of volumes growth

The Catalysts division increased sales to third parties by €811 million to €7,469 million in 2018. This was largely attributable to higher sales prices on the back of an increase in precious metal prices. Our sales volumes also increased. This was dampened by currency effects.

We recorded considerable volumes growth in the chemical catalysts, battery materials and refining catalysts businesses. By contrast, sales volumes declined for automotive catalysts, especially in Europe. In precious metal trading, sales rose considerably by €672 million to €3,190 million, primarily due to higher prices and volumes.

Catalysts – Factors influencing sales
Functional Materials & Solutions – Catalysts – Factors influencing sales (bar chart)
Catalysts – Sales by region

Location of customer

Functional Materials & Solutions – Catalysts – Sales by region (pie chart)

EBIT before special items was slightly above the prior-year figure, mainly owing to higher sales volumes. Fixed costs increased due among other factors to the startup of new plants in the chemical catalysts, automotive catalysts and battery materials businesses.