Operating income

  • Operating income in Decorative Paints significantly improved due to the benefits of our new operating model, strict cost containment, lower restructuring costs and favorable currency developments
  • Operating income in Performance Coatings increased due to the simplification of its business structure, reduced restructuring expenses, cost control measures and favorable currencies
  • Specialty Chemicals improved its profitability due to benefits from continuous improvement measures, reduced restructuring expenses and favorable currency effects

Total restructuring charges amounted to €11 million (2014: €44 million).

Raw material prices were lower, although in many markets foreign currency effects have adversely impacted raw material costs.

First quarter

 

 

 

 

 

 

in € millions

 

2014

 

2015

 

∆%

Decorative Paints

 

17

 

50

 

194

Performance Coatings

 

126

 

170

 

35

Specialty Chemicals

 

135

 

163

 

21

Other activities/eliminations

 

(62)

 

(77)

 

 

Total

 

216

 

306

 

42