Industrial Solutions Q3 2019 In the Industrial Solutions segment, sales were considerably below the figure for the prior-year quarter due to developments in the Performance Chemicals division. Sales in the Dispersions & Pigments division matched the level of the prior-year quarter. (XLS:) Download Factors influencing sales in Q3 2019 – Industrial Solutions Industrial Solutions Dispersions & Pigments Performance Chemicals Volumes 0% 0% 1% Prices (2%) (2%) (2%) Portfolio (9%) 0% (21%) Currencies 3% 2% 2% Sales (8%) 0% (20%) The decline in sales largely reflected the transfer of BASF’s paper and water chemicals business, which was previously reported under Performance Chemicals, to the Solenis group as of January 31, 2019. Sales were also reduced by slightly lower prices in both divisions. Positive currency effects in both divisions, mainly from the U.S. dollar, and slightly higher volumes in the Performance Chemicals division, especially for fuel and lubricant solutions, had an offsetting effect. We considerably increased income from operations (EBIT) before special items compared with the third quarter of 2018. This was primarily the result of lower fixed costs in both divisions. (XLS:) Download Segment data – Industrial Solutions (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 2,130 2,325 (8%) 6,457 6,913 (7%) of which Dispersions & Pigments 1,335 1,333 0% 3,991 4,053 (2%) Performance Chemicals 795 992 (20%) 2,466 2,860 (14%) Income from operations before depreciation, amortization and special items 316 267 18% 1,036 920 13% Income from operations before depreciation and amortization (EBITDA) 317 259 22% 1,170 924 27% Depreciation and amortizationa 110 103 7% 328 313 5% Income from operations (EBIT) 207 156 33% 842 611 38% Special items 2 (8) . 130 4 . EBIT before special items 205 164 25% 712 607 17% Assets (September 30) 7,178 7,606 (6%) 7,178 7,606 (6%) Investments including acquisitionsb 109 94 16% 291 276 5% Research and development expenses 49 56 (13%) 145 163 (11%) back next