Materials Q3 2019 Sales in the Materials segment declined considerably compared with the third quarter of 2018, both in the Monomers division and in the Performance Materials division. (XLS:) Download Factors influencing sales in Q3 2019 – Materials Materials Performance Materials Monomers Volumes 0% (5%) 4% Prices (15%) (3%) (25%) Portfolio 0% 0% 0% Currencies 2% 2% 2% Sales (13%) (6%) (19%) Sales development was mainly driven by lower prices in both divisions, but especially in the Monomers division from lower isocyanate prices as a result of higher market supply. In the Performance Materials division, sales were also reduced by significantly lower prices for polyurethane systems due to the decrease in raw materials prices. Volumes in the Materials segment were on a level with the prior-year quarter. Slightly higher isocyanate volumes in the Monomers division almost completely offset the slightly lower sales volumes in the Performance Materials division. This was largely due to the continued weak demand for engineering plastics in the automotive industry in Europe and Asia. Currency effects had a slightly positive impact in both divisions. Income from operations (EBIT) before special items was considerably below the level of the prior-year quarter. In the Monomers division, this was attributable to lower isocyanate margins and higher fixed costs, mainly due to the insurance payments received in the prior-year quarter. EBIT before special items in the Performance Materials division also declined considerably year on year as a result of lower margins and volumes. (XLS:) Download Segment data – Materials (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 2,894 3,321 (13%) 8,786 10,287 (15%) of which Performance Materials 1,506 1,604 (6%) 4,615 4,963 (7%) Monomers 1,388 1,717 (19%) 4,171 5,324 (22%) Income from operations before depreciation, amortization and special items 452 820 (45%) 1,451 2,704 (46%) Income from operations before depreciation and amortization (EBITDA) 449 814 (45%) 1,435 2,687 (47%) Depreciation and amortizationa 187 155 21% 533 460 16% Income from operations (EBIT) 262 659 (60%) 902 2,227 (59%) Special items (4) (5) 20% (21) (18) (17%) EBIT before special items 266 664 (60%) 923 2,245 (59%) Assets (September 30) 9,197 9,189 0% 9,197 9,189 0% Investments including acquisitionsb 182 160 14% 503 372 35% Research and development expenses 47 48 (2%) 142 142 − back next