Chemicals Q3 2019 In the Chemicals segment, sales in both divisions were considerably lower than in the prior-year quarter, but especially in the Petrochemicals division. (XLS:) Download Factors influencing sales in Q3 2019 – Chemicals Chemicals Petrochemicals Intermediates Volumes (12%) (14%) (7%) Prices (12%) (13%) (6%) Portfolio 0% 0% 0% Currencies 2% 1% 2% Sales (22%) (26%) (11%) The sales decrease was due on the one hand to lower volumes in both divisions, primarily in the Petrochemicals division due to the scheduled turnarounds of our steam crackers in Port Arthur, Texas, and Europe, and significantly lower capacity utilization of the condensate splitter in Port Arthur, Texas. Volumes also declined in the Intermediates division, particularly of amines and of butanediol and derivatives. On the other hand, the segment’s sales were reduced by lower prices, especially in the Petrochemicals division. This was primarily attributable to lower raw materials prices, in particular for naphtha in Europe and for butane and ethane in North America. Prices likewise declined in the Intermediates division, especially in the acids and polyalcohols business. Positive currency effects had an offsetting effect in both divisions. Income from operations (EBIT) before special items in both divisions decreased considerably compared with the third quarter of 2018. In the Petrochemicals division, this was attributable to lower sales volumes and lower margins for styrene monomers and monoethylene glycols in Europe, as well as for steam cracker products and monoethylene glycols in Asia Pacific. Higher fixed costs from the scheduled turnarounds of our steam crackers also contributed to the decrease in EBIT before special items. EBIT before special items declined considerably in the Intermediates division as well, due to lower volumes and margins. (XLS:) Download Segment data – Chemicals (Million €) Q3 January–September 2019 2018 +/– 2019 2018 +/– a Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) b Additions to intangible assets and property, plant and equipment Sales to third parties 2,429 3,129 (22%) 7,157 8,866 (19%) of which Petrochemicals 1,731 2,348 (26%) 4,997 6,493 (23%) Intermediates 698 781 (11%) 2,160 2,373 (9%) Income from operations before depreciation, amortization and special items 447 558 (20%) 1,238 1,813 (32%) Income from operations before depreciation and amortization (EBITDA) 444 560 (21%) 1,215 1,805 (33%) Depreciation and amortizationa 196 162 21% 702 487 44% Income from operations (EBIT) 248 398 (38%) 513 1,318 (61%) Special items (3) − − (163) (12) . EBIT before special items 251 398 (37%) 676 1,330 (49%) Assets (September 30) 9,157 8,984 2% 9,157 8,984 2% Investments including acquisitionsb 269 243 11% 841 596 41% Research and development expenses 27 28 (4%) 80 84 (5%) back next