Quarterly statistics

 

 

 

 

2015

 

 

 

 

2016

Q1

Q2

Q3

Q4

year

in € millions

Q1

Q2

Q3

year-to-date

 

 

 

 

 

 

 

 

 

 

Revenue

 

890

1,134

1,052

931

4,007

Decorative Paints

861

1,055

1,021

2,937

1,430

1,550

1,493

1,482

5,955

Performance Coatings

1,388

1,473

1,406

4,267

1,296

1,290

1,235

1,167

4,988

Specialty Chemicals

1,206

1,206

1,202

3,614

(25)

(25)

(20)

(21)

(91)

Other activities/eliminations

(25)

(23)

(29)

(77)

3,591

3,949

3,760

3,559

14,859

Total

3,430

3,711

3,600

10,741

 

 

 

 

 

 

 

 

 

 

EBITDA

 

 

88

165

159

83

495

Decorative Paints

86

165

156

407

206

257

246

229

938

Performance Coatings

222

257

233

712

242

243

242

171

898

Specialty Chemicals

245

259

250

754

(74)

(55)

(57)

(57)

(243)

Other activities/eliminations

(66)

(39)

(45)

(150)

462

610

590

426

2,088

Total

487

642

594

1,723

 

 

 

 

 

 

 

 

 

 

12.9

15.4

15.7

12.0

14.1

EBITDA margin (in %)

14.2

17.3

16.5

16.0

 

 

 

 

 

 

 

 

 

 

Depreciation

 

(26)

(26)

(27)

(26)

(105)

Decorative Paints

(23)

(25)

(23)

(71)

(25)

(26)

(26)

(27)

(104)

Performance Coatings

(26)

(25)

(25)

(76)

(66)

(68)

(66)

(69)

(269)

Specialty Chemicals

(69)

(68)

(70)

(207)

(3)

(3)

(1)

(2)

(9)

Other activities/eliminations

(2)

(2)

(3)

(7)

(120)

(123)

(120)

(124)

(487)

Total

(120)

(120)

(121)

(361)

 

 

 

 

 

 

 

 

 

 

Amortization

 

(12)

(11)

(11)

(11)

(45)

Decorative Paints

(11)

(9)

(10)

(30)

(11)

(11)

(10)

(10)

(42)

Performance Coatings

(10)

(10)

(9)

(29)

(13)

(13)

(13)

(12)

(51)

Specialty Chemicals

(12)

(12)

(12)

(36)

(1)

(1)

Other activities/eliminations

(36)

(35)

(34)

(34)

(139)

Total

(33)

(31)

(31)

(95)

 

 

 

 

 

 

EBIT (operating income excluding incidental items)

 

50

128

121

46

345

Decorative Paints

52

131

123

306

170

220

210

192

792

Performance Coatings

186

222

199

607

163

162

163

90

578

Specialty Chemicals

164

179

168

511

(77)

(58)

(58)

(60)

(253)

Other activities/eliminations

(68)

(41)

(48)

(157)

306

452

436

268

1,462

Total

334

491

442

1,267

 

 

 

 

 

 

 

 

 

 

8.5

11.4

11.6

7.5

9.8

ROS (in %)

9.7

13.2

12.3

11.8

 

 

 

 

 

 

 

Operating income

 

50

128

121

46

345

Decorative Paints

52

131

132

315

170

220

210

192

792

Performance Coatings

186

222

192

600

163

192

163

91

609

Specialty Chemicals

164

179

168

511

(77)

(54)

(58)

16

(173)

Other activities/eliminations

(45)

(41)

(38)

(124)

306

486

436

345

1,573

Total

357

491

454

1,302

 

 

 

 

 

 

 

Incidentals per Business Area

 

Decorative Paints

9

9

Performance Coatings

(7)

(7)

30

1

31

Specialty Chemicals

4

76

80

Other activities/eliminations

23

10

33

34

77

111

Total

23

12

35

 

 

 

 

 

 

 

Reconciliation net financing expense

 

10

4

7

7

28

Financing income

5

11

8

24

(38)

(31)

(29)

(27)

(125)

Financing expenses

(27)

(23)

(25)

(75)

(28)

(27)

(22)

(20)

(97)

Net interest on net debt

(22)

(12)

(17)

(51)

 

 

 

 

 

 

 

Other interest movements

 

(4)

(3)

(4)

(2)

(13)

Financing expenses related to pensions

(2)

(2)

(2)

(6)

(9)

(1)

(7)

(17)

Interest on provisions

(11)

(8)

(14)

(33)

4

5

4

13

Other items

8

8

(13)

(6)

2

(17)

Net other financing charges

(5)

(10)

(16)

(31)

(41)

(27)

(28)

(18)

(114)

Net financing expenses

(27)

(22)

(33)

(82)

 

 

 

 

 

 

 

Quarterly net income analysis

 

(2)

8

6

5

17

Results from associates and joint ventures

20

8

10

38

(18)

(27)

(16)

(26)

(87)

Profit attributable to non-controlling interests

(23)

(27)

(15)

(65)

263

467

414

332

1,476

Profit before tax

350

477

431

1,258

(82)

(108)

(114)

(112)

(416)

Income tax

(86)

(138)

(131)

(355)

181

359

300

220

1,060

Profit for the period from continuing operations

264

339

300

903

31

23

28

34

28

Effective tax rate (in %)

25

29

30

28

 

 

 

 

 

Earnings per share from continuing operations (in €)

 

0.66

1.35

1.15

0.78

3.93

Basic

0.96

1.24

1.13

3.34

0.66

1.34

1.14

0.77

3.90

Diluted

0.96

1.24

1.13

3.32

 

 

 

 

 

Earnings per share from discontinued operations (in €)

 

(0.01)

(0.01)

0.04

0.02

Basic

(0.01)

(0.01)

0.04

0.02

Diluted

 

 

 

 

 

 

 

Earnings per share from total operations (in €)

 

0.65

1.34

1.15

0.82

3.95

Basic

0.96

1.24

1.13

3.34

0.65

1.33

1.14

0.81

3.92

Diluted

0.96

1.24

1.13

3.32

 

 

 

 

 

 

 

Number of shares (in millions)

 

246.4

247.7

248.4

248.7

247.8

Weighted average number of shares

249.5

250.6

251.6

250.6

246.9

248.4

248.4

249.0

249.0

Number of shares at end of quarter

249.6

251.6

251.6

251.6

 

 

 

 

 

 

 

Adjusted earnings (in € millions)

 

263

467

414

332

1,476

Profit before tax from continuing operations

350

477

431

1,258

(34)

(77)

(111)

Incidentals reported in operating income

(23)

(12)

(35)

36

35

34

34

139

Amortization of intangible assets

33

31

31

95

(93)

(118)

(125)

(85)

(421)

Adjusted income tax

(95)

(149)

(132)

(376)

(18)

(27)

(16)

(26)

(87)

Non-controlling interests

(23)

(27)

(15)

(65)

188

323

307

178

996

Adjusted net income for continuing operations

242

332

303

877

0.76

1.30

1.24

0.72

4.02

Adjusted earnings per share (in €)

0.97

1.32

1.20

3.50