Industrial Solutions
Q2 2021
Sales in the Industrial Solutions segment were considerably higher than in the prior-year quarter, particularly in the Dispersions & Pigments division.
|
Industrial Solutions |
Dispersions & Pigments |
Performance Chemicals |
|---|---|---|---|
Volumes |
26% |
25% |
26% |
Prices |
9% |
13% |
1% |
Portfolio |
0% |
0% |
0% |
Currencies |
–5% |
–4% |
–5% |
Sales |
30% |
34% |
22% |
The sales growth was largely attributable to higher volumes in almost all businesses in both divisions. This segment’s sales volume development had been heavily impacted by the effects of the coronavirus pandemic in the prior-year quarter.
Higher price levels in both divisions, mainly due to increased raw materials prices, had a positive impact on sales. Especially the Dispersions & Pigments division increased prices considerably.
Sales performance was weighed down by negative currency effects, mainly relating to the U.S. dollar.
Income from operations (EBIT) before special items rose considerably in both divisions compared with the second quarter of 2020. This was largely driven by the positive development of sales volumes in both divisions.
EBIT in the second quarter of 2021 included special income from the sale of the global pigments business. After the completion of the sale of BASF’s global pigments business, the Dispersions & Pigments division was renamed Dispersions & Resins as of July 1, 2021.
|
Q2 |
H1 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
2021 |
2020 |
+/– |
2021 |
2020 |
+/– |
||||
Sales to third parties |
2,359 |
1,819 |
30% |
4,467 |
3,917 |
14% |
||||
of which Dispersions & Pigments |
1,574 |
1,173 |
34% |
2,923 |
2,474 |
18% |
||||
Performance Chemicals |
785 |
646 |
22% |
1,544 |
1,443 |
7% |
||||
Income from operations before depreciation, amortization and special items |
388 |
280 |
39% |
738 |
623 |
18% |
||||
Income from operations before depreciation and amortization (EBITDA) |
424 |
225 |
88% |
767 |
560 |
37% |
||||
Depreciation and amortizationa |
84 |
92 |
–9% |
168 |
187 |
–10% |
||||
Income from operations (EBIT) |
340 |
133 |
156% |
599 |
373 |
61% |
||||
Special items |
33 |
–30 |
. |
26 |
–63 |
. |
||||
EBIT before special items |
307 |
163 |
88% |
573 |
436 |
31% |
||||
Assets (June 30) |
5,881 |
6,983 |
–16% |
5,881 |
6,983 |
–16% |
||||
Investments including acquisitionsb |
70 |
68 |
3% |
132 |
135 |
–2% |
||||
Research and development expenses |
46 |
43 |
7% |
90 |
88 |
2% |
||||
|
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