Change

Discontinued operations


In December 2012, we announced the divestment of Decorative Paints North America to PPG Industries, Inc. As a consequence, the results of this business are reported in discontinued operations in the statements of income and cash flows and are no longer included in the other explanations and details in this report. The financial results of this business were as follows:

Discontinued operations

 

 

 

 

 

In € millions

 

2011

 

2012

Discontinued operations

 

1,094

 

1,190

EBITDA

 

(69)

 

19

Performance improvement program savings

 

 

26

Incidentals

 

(7)

 

(17)

Impairment charge

 

 

(372)

Workforce at year-end

 

5,220

 

4,670

Number of employees who left following the performance improvement program

 

 

360

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