Quarterly statistics

 

 

 

 

2016

 

 

 

2017

Q1

Q2

Q3

Q4

year

in € millions

Q1

Q2

year-to-date

 

 

 

 

 

 

 

 

 

Revenue

 

861

1,055

1,021

898

3,835

Decorative Paints

922

1,046

1,968

1,388

1,473

1,406

1,398

5,665

Performance Coatings

1,471

1,504

2,975

1,206

1,206

1,202

1,169

4,783

Specialty Chemicals

1,289

1,259

2,548

(25)

(23)

(29)

(9)

(86)

Other activities/eliminations

(21)

(24)

(45)

3,430

3,711

3,600

3,456

14,197

Total

3,661

3,785

7,446

 

 

 

 

 

 

 

 

 

EBITDA

 

86

165

156

84

491

Decorative Paints

109

152

261

222

257

233

187

899

Performance Coatings

225

242

467

245

259

250

199

953

Specialty Chemicals

261

265

526

(66)

(39)

(45)

(85)

(235)

Other activities/eliminations

(61)

(39)

(100)

487

642

594

385

2,108

Total

534

620

1,154

 

 

 

 

 

 

 

 

 

14.2

17.3

16.5

11.1

14.8

EBITDA margin (in %)

14.6

16.4

15.5

 

 

 

 

 

 

 

 

 

Depreciation

 

(23)

(25)

(23)

(24)

(95)

Decorative Paints

(23)

(23)

(46)

(26)

(25)

(25)

(27)

(103)

Performance Coatings

(25)

(27)

(52)

(69)

(68)

(70)

(69)

(276)

Specialty Chemicals

(73)

(73)

(146)

(2)

(2)

(3)

(1)

(8)

Other activities/eliminations

(3)

(2)

(5)

(120)

(120)

(121)

(121)

(482)

Total

(124)

(125)

(249)

 

 

 

 

 

 

 

 

 

Amortization

 

(11)

(9)

(10)

(9)

(39)

Decorative Paints

(9)

(8)

(17)

(10)

(10)

(9)

(8)

(37)

Performance Coatings

(13)

(13)

(26)

(12)

(12)

(12)

(12)

(48)

Specialty Chemicals

(12)

(13)

(25)

Other activities/eliminations

(33)

(31)

(31)

(29)

(124)

Total

(34)

(34)

(68)

 

 

 

 

 

EBIT (operating income excluding identified items)

 

52

131

123

51

357

Decorative Paints

77

121

198

186

222

199

152

759

Performance Coatings

187

202

389

164

179

168

118

629

Specialty Chemicals

176

179

355

(68)

(41)

(48)

(86)

(243)

Other activities/eliminations

(64)

(41)

(105)

334

491

442

235

1,502

Total

376

461

837

 

 

 

 

 

 

 

 

 

9.7

13.2

12.3

6.8

10.6

ROS (in %)

10.3

12.2

11.2

 

 

 

 

 

 

Operating income

 

52

131

132

51

366

Decorative Paints

77

121

198

186

222

192

135

735

Performance Coatings

187

202

389

164

179

168

118

629

Specialty Chemicals

176

179

355

(45)

(41)

(38)

(87)

(211)

Other activities/eliminations

(64)

(61)

(125)

357

491

454

217

1,519

Total

376

441

817

 

 

 

 

 

 

Identified items per Business Area

 

9

9

Decorative Paints

(7)

(17)

(24)

Performance Coatings

Specialty Chemicals

23

10

(1)

32

Other activities/eliminations

(20)

(20)

23

12

(18)

17

Total

(20)

(20)

 

 

 

 

 

 

Reconciliation net financing expense

 

5

11

8

4

28

Financing income

6

6

12

(27)

(23)

(25)

(23)

(98)

Financing expenses

(24)

(24)

(48)

(22)

(12)

(17)

(19)

(70)

Net interest on net debt

(18)

(18)

(36)

 

 

 

 

 

 

Other interest movements

 

(2)

(2)

(2)

(4)

(10)

Financing expenses related to pensions

(5)

(5)

(10)

(11)

(8)

(14)

(7)

(40)

Interest on provisions

(3)

(3)

(6)

8

(2)

6

Other items

4

7

11

(5)

(10)

(16)

(13)

(44)

Net other financing charges

(4)

(1)

(5)

(27)

(22)

(33)

(32)

(114)

Net financing expenses

(22)

(19)

(41)

 

 

 

 

 

 

Quarterly net income analysis

 

20

8

10

5

43

Results from associates and joint ventures

8

8

16

(23)

(27)

(15)

(17)

(82)

Profit attributable to non-controlling interests

(21)

(24)

(45)

350

477

431

190

1,448

Profit before tax

362

430

792

(86)

(138)

(131)

(39)

(394)

Income tax

(101)

(104)

(205)

264

339

300

151

1,054

Profit for the period from continuing operations

261

326

587

25

29

30

21

27

Effective tax rate (in %)

28

24

26

 

 

 

 

Earnings per share from continuing operations (in €)

 

0.96

1.24

1.13

0.53

3.88

Basic

0.96

1.20

2.16

0.96

1.24

1.13

0.53

3.86

Diluted

0.95

1.20

2.15

 

 

 

 

Earnings per share from discontinued operations (in €)

 

(0.01)

Basic

(0.01)

(0.01)

Diluted

(0.01)

(0.01)

 

 

 

 

 

 

Earnings per share from total operations (in €)

 

0.96

1.24

1.13

0.53

3.87

Basic

0.96

1.20

2.15

0.96

1.24

1.13

0.53

3.85

Diluted

0.95

1.19

2.14

 

 

 

 

 

 

Number of shares (in millions)

 

249.5

250.6

251.6

251.9

250.9

Weighted average number of shares

251.3

251.1

251.2

249.6

251.6

251.6

252.2

252.2

Number of shares at end of quarter

252.6

254.3

254.3

 

 

 

 

 

 

Adjusted earnings (in € millions)

 

350

477

431

190

1,448

Profit before tax from continuing operations

362

430

792

(23)

(12)

18

(17)

Identified items reported in operating income

20

20

33

31

31

29

124

Amortization of intangible assets

34

34

68

(95)

(149)

(132)

(55)

(431)

Adjusted income tax

(111)

(120)

(231)

(23)

(27)

(15)

(17)

(82)

Non-controlling interests

(21)

(24)

(45)

242

332

303

165

1,042

Adjusted profit from continuing operations

264

340

604

0.97

1.32

1.20

0.66

4.15

Adjusted earnings per share (in €)

1.05

1.35

2.40