- In Decorative Paints, EBITDA was down 25 percent for the quarter due to weaker demand, increased raw material prices and unfavorable product mix effects (customer downtrading) which has impacted profit margins. EBITDA margin was 10.3 percent (2010: 14.4 percent).
- In Performance Coatings, margins have been affected by higher raw material costs as well as negative mix effects, particularly in high growth economies. Cost control and restructuring efforts in mature markets are ongoing and continue to support performance as do recent acquisitions. EBITDA margin was 12.1 percent (2010: 13.4 percent).
- In Specialty Chemicals, the input costs are largely driven by petrochemical derivatives and energy. Escalation of these costs, combined with negative currency effects and a less favorable supply and demand balance lowered our average margins. We regained part of the lost margins in the second part of the quarter due to price increases. EBITDA margin was 17.6 percent (2010: 20.0 percent).
|
3rd quarter |
|
|
January - September |
| ||
|
2010 |
2011 |
Δ% |
in € millions |
2010 |
2011 |
Δ% |
|
198 |
148 |
(25) |
Decorative Paints |
485 |
429 |
(12) |
|
166 |
157 |
(5) |
Performance Coatings |
500 |
470 |
(6) |
|
254 |
238 |
(6) |
Specialty Chemicals |
718 |
699 |
(3) |
|
(44) |
(36) |
|
Other activities/eliminations |
(116) |
(103) |
|
|
574 |
507 |
(12) |
Total |
1,587 |
1,495 |
(6) |