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Quarterly statistics


2012

 

 

 

 

 

 

 

 

 

2013

Q1

 

Q2

 

Q3

 

Q4

 

year

 

in € millions

 

Q1

 

Q2

 

Q3

 

Year-to-date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

974

 

1,187

 

1,141

 

995

 

4,297

 

Decorative Paints

 

925

 

1,179

 

1,136

 

3,240

1,369

 

1,472

 

1,467

 

1,394

 

5,702

 

Performance Coatings

 

1,331

 

1,458

 

1,415

 

4,204

1,399

 

1,431

 

1,393

 

1,320

 

5,543

 

Specialty Chemicals

 

1,244

 

1,253

 

1,252

 

3,749

(35)

 

(46)

 

(35)

 

(36)

 

(152)

 

Other activities/eliminations

 

(35)

 

(25)

 

(25)

 

(85)

3,707

 

4,044

 

3,966

 

3,673

 

15,390

 

Total

 

3,465

 

3,865

 

3,778

 

11,108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBITDA

 

 

 

 

 

 

 

 

 

 

68

 

155

 

97

 

(36)

 

284

 

Decorative Paints

 

88

 

141

 

146

 

375

159

 

204

 

163

 

147

 

673

 

Performance Coatings

 

163

 

197

 

193

 

553

235

 

235

 

208

 

152

 

830

 

Specialty Chemicals

 

174

 

198

 

185

 

557

(52)

 

(40)

 

(40)

 

(58)

 

(190)

 

Other activities/eliminations

 

(50)

 

(62)

 

(68)

 

(180)

410

 

554

 

428

 

205

 

1,597

 

Total

 

375

 

474

 

456

 

1,305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.1

 

13.7

 

10.8

 

5.6

 

10.4

 

EBITDA margin (in %)

 

10.8

 

12.3

 

12.1

 

11.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

(27)

 

(26)

 

(26)

 

(27)

 

(106)

 

Decorative Paints

 

(28)

 

(28)

 

(24)

 

(80)

(23)

 

(25)

 

(23)

 

(24)

 

(95)

 

Performance Coatings

 

(25)

 

(25)

 

(24)

 

(74)

(61)

 

(63)

 

(62)

 

(65)

 

(251)

 

Specialty Chemicals

 

(62)

 

(64)

 

(66)

 

(192)

(3)

 

(1)

 

(4)

 

(3)

 

(11)

 

Other activities/eliminations

 

(4)

 

(2)

 

(3)

 

(9)

(114)

 

(115)

 

(115)

 

(119)

 

(463)

 

Total

 

(119)

 

(119)

 

(117)

 

(355)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

(16)

 

(17)

 

(18)

 

(19)

 

(70)

 

Decorative Paints

 

(17)

 

(11)

 

(15)

 

(43)

(9)

 

(8)

 

(10)

 

(9)

 

(36)

 

Performance Coatings

 

(9)

 

(9)

 

(9)

 

(27)

(13)

 

(15)

 

(13)

 

(14)

 

(55)

 

Specialty Chemicals

 

(13)

 

(13)

 

(12)

 

(38)

(1)

 

 

 

 

(1)

 

Other activities/eliminations

 

 

 

 

(39)

 

(40)

 

(41)

 

(42)

 

(162)

 

Total

 

(39)

 

(33)

 

(36)

 

(108)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBIT

 

 

 

 

 

 

 

 

 

 

25

 

112

 

53

 

(82)

 

108

 

Decorative Paints

 

43

 

102

 

107

 

252

127

 

171

 

130

 

114

 

542

 

Performance Coatings

 

129

 

163

 

160

 

452

161

 

157

 

133

 

73

 

524

 

Specialty Chemicals

 

99

 

121

 

107

 

327

(56)

 

(41)

 

(44)

 

(61)

 

(202)

 

Other activities/eliminations

 

(54)

 

(64)

 

(71)

 

(189)

257

 

399

 

272

 

44

 

972

 

Total

 

217

 

322

 

303

 

842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.9

 

9.9

 

6.9

 

1.2

 

6.3

 

EBIT margin (in %)

 

6.3

 

8.3

 

8.0

 

7.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

 

 

 

 

 

 

 

 

 

25

 

112

 

(2,058)

 

(91)

 

(2,012)

 

Decorative Paints

 

43

 

102

 

107

 

252

127

 

171

 

130

 

114

 

542

 

Performance Coatings

 

129

 

163

 

160

 

452

140

 

154

 

133

 

73

 

500

 

Specialty Chemicals

 

99

 

121

 

107

 

327

(56)

 

(49)

 

(63)

 

(60)

 

(228)

 

Other activities/eliminations

 

(54)

 

(64)

 

(71)

 

(189)

236

 

388

 

(1,858)

 

36

 

(1,198)

 

Total

 

217

 

322

 

303

 

842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.4

 

9.6

 

6.3

 

1.0

 

5.9

 

ROS% before impairment

 

6.3

 

8.3

 

8.0

 

7.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals per Business Area

 

 

(2,111)

 

(9)

 

(2,120)

 

Decorative Paints

 

 

 

 

 

 

 

 

 

Performance Coatings

 

 

 

 

(21)

 

(3)

 

 

 

(24)

 

Specialty Chemicals

 

 

 

 

 

(8)

 

(19)

 

1

 

(26)

 

Other activities/eliminations

 

 

 

 

(21)

 

(11)

 

(2,130)

 

(8)

 

(2,170)

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals included in operating income

 

 

 

 

 

Restructuring costs

 

 

 

 

 

 

(2,106)

 

 

(2,106)

 

Impairment

 

 

 

 

(21)

 

2

 

(1)

 

 

(20)

 

Results related to major legal and environmental cases

 

 

 

 

 

 

(5)

 

(25)

 

(30)

 

Results on acquisitions and divestments

 

 

 

 

 

(13)

 

(18)

 

17

 

(14)

 

Other incidental results

 

 

 

 

(21)

 

(11)

 

(2,130)

 

(8)

 

(2,170)

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation net financing expense

15

 

17

 

16

 

11

 

59

 

Financing income

 

9

 

8

 

6

 

23

(57)

 

(65)

 

(58)

 

(59)

 

(239)

 

Financing expenses

 

(56)

 

(57)

 

(54)

 

(167)

(42)

 

(48)

 

(42)

 

(48)

 

(180)

 

Net interest on net debt

 

(47)

 

(49)

 

(48)

 

(144)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other interest movements

(1)

 

(1)

 

 

(1)

 

(3)

 

Financing expenses related to pensions

 

(5)

 

(5)

 

(5)

 

(15)

(3)

 

(18)

 

(9)

 

1

 

(29)

 

Interest on provisions

 

(12)

 

15

 

(8)

 

(5)

(4)

 

 

1

 

10

 

7

 

Other items

 

1

 

6

 

5

 

12

(8)

 

(19)

 

(8)

 

10

 

(25)

 

Net other financing charges

 

(16)

 

16

 

(8)

 

(8)

(50)

 

(67)

 

(50)

 

(38)

 

(205)

 

Net financing expenses

 

(63)

 

(33)

 

(56)

 

(152)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly net income analysis

4

 

5

 

5

 

(1)

 

13

 

Results from associates and joint ventures

 

3

 

6

 

4

 

13

(14)

 

(22)

 

(9)

 

(18)

 

(63)

 

Profit attributable to non-controlling interests

 

(16)

 

(25)

 

(14)

 

(55)

190

 

326

 

(1,903)

 

(3)

 

(1,390)

 

Profit before tax

 

157

 

295

 

251

 

703

(66)

 

(89)

 

(64)

 

16

 

(203)

 

Income tax

 

(45)

 

38

 

(83)

 

(90)

124

 

237

 

(1,967)

 

13

 

(1,593)

 

Profit for the period from continuing operations

 

112

 

333

 

168

 

613

35

 

27

 

(3)

 

533

 

(15)

 

Effective tax rate (in %)

 

29

 

(13)

 

33

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from continuing operations (in €)

0.47

 

0.90

 

(8.29)

 

(0.02)

 

(6.98)

 

Basic

 

0.40

 

1.28

 

0.64

 

2.31

0.46

 

0.90

 

(8.29)

 

(0.02)

 

(6.98)

 

Diluted

 

0.40

 

1.27

 

0.64

 

2.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from discontinued operations (in €)

(0.11)

 

0.02

 

(1.65)

 

(0.09)

 

(1.84)

 

Basic

 

(0.03)

 

0.50

 

 

0.48

(0.11)

 

0.02

 

(1.65)

 

(0.09)

 

(1.84)

 

Diluted

 

(0.03)

 

0.50

 

 

0.47

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from total operations (in €)

0.36

 

0.92

 

(9.94)

 

(0.11)

 

(8.82)

 

Basic

 

0.37

 

1.78

 

0.64

 

2.79

0.35

 

0.92

 

(9.94)

 

(0.11)

 

(8.82)

 

Diluted

 

0.37

 

1.77

 

0.64

 

2.77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares (in millions)

235.1

 

236.9

 

238.2

 

238.6

 

237.2

 

Weighted average number of shares

 

239.4

 

241.0

 

242.1

 

240.8

235.6

 

238.2

 

238.2

 

239.0

 

239.0

 

Number of shares at end of quarter

 

239.8

 

242.1

 

242.1

 

242.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted earnings (in € millions)

190

 

326

 

(1,903)

 

(3)

 

(1,390)

 

Profit before tax from continuing operations

 

157

 

295

 

251

 

703

21

 

11

 

2,130

 

8

 

2,170

 

Incidentals reported in operating income

 

-

 

-

 

-

 

-

39

 

40

 

41

 

42

 

162

 

Amortization of intangible assets

 

39

 

33

 

36

 

108

(84)

 

(103)

 

(82)

 

(5)

 

(274)

 

Adjusted income tax

 

(57)

 

28

 

(93)

 

(122)

(14)

 

(22)

 

(9)

 

(18)

 

(63)

 

Non-controlling interests

 

(16)

 

(25)

 

(14)

 

(55)

152

 

252

 

177

 

24

 

605

 

Adjusted net income for continuing operations

 

123

 

331

 

180

 

634

0.65

 

1.06

 

0.74

 

0.10

 

2.55

 

Adjusted earnings per share (in €)

 

0.51

 

1.37

 

0.74

 

2.63

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