- Revenue in Decorative Paints for 2012 increased 2 percent, mainly due to positive price/mix and favorable currencies. Asian revenue is growing due to strong volume development in China. However, market conditions remain challenging in Europe and Latin America. Q4 saw similar developments to the full year.
- In Performance Coatings, revenue increased 10 percent compared with the previous year. The strongest growth came from Industrial Coatings and Marine and Protective Coatings. Volume declined, with differences between individual businesses. In Q4, revenue was up 5 percent over the previous year, supported by currencies and the acquisition of Schramm/SCCP.
- Specialty Chemicals made a good start to 2012, but demand started to weaken in the second half of the year, particularly in Europe and in general in construction-related products. Demand was also more volatile.
|
4th quarter |
|
|
January - December | |||||||||
|
2011 |
2012 |
Δ% |
in € millions |
2011 |
2012 |
Δ% | ||||||
|
965 |
995 |
3 |
Decorative Paints |
4,201 |
4,297 |
2 | ||||||
|
1,326 |
1,394 |
5 |
Performance Coatings |
5,170 |
5,702 |
10 | ||||||
|
1,285 |
1,320 |
3 |
Specialty Chemicals |
5,335 |
5,543 |
4 | ||||||
|
(27) |
(36) |
|
Other activities/eliminations |
(102) |
(152) |
| ||||||
|
3,549 |
3,673 |
3 |
Total |
14,604 |
15,390 |
5 | ||||||
Revenue development 2012
|
in % versus 2011 |
Volume |
Price/mix |
Acquisitions |
Exchange |
Total | |||||
|
Decorative Paints |
(2) |
2 |
– |
2 |
2 | |||||
|
Performance Coatings |
(1) |
5 |
2 |
4 |
10 | |||||
|
Specialty Chemicals |
(1) |
1 |
1 |
3 |
4 | |||||
|
Total |
(2) |
3 |
1 |
3 |
5 |
Revenue development Q4 2012
|
in % versus Q4 2011 |
Volume |
Price/mix |
Acquisitions |
Exchange |
Total | |||||
|
Decorative Paints |
2 |
– |
– |
1 |
3 | |||||
|
Performance Coatings |
(2) |
3 |
1 |
3 |
5 | |||||
|
Specialty Chemicals |
(1) |
1 |
1 |
2 |
3 | |||||
|
Total |
(1) |
2 |
– |
2 |
3 |
|
Volume development per quarter |
Q4 11 |
Q1 12 |
Q2 12 |
Q3 12 |
Q4 12 | |||||
|
Decorative Paints |
(1) |
– |
(3) |
(6) |
2 | |||||
|
Performance Coatings |
(2) |
(1) |
(2) |
– |
(2) | |||||
|
Specialty Chemicals |
(4) |
(1) |
(2) |
(2) |
(1) | |||||
|
Total |
(3) |
(2) |
(3) |
(3) |
(1) |
|
Price/mix development per quarter |
Q4 11 |
Q1 12 |
Q2 12 |
Q3 12 |
Q4 12 | |||||
|
Decorative Paints |
4 |
5 |
3 |
1 |
– | |||||
|
Performance Coatings |
7 |
8 |
6 |
3 |
3 | |||||
|
Specialty Chemicals |
5 |
1 |
2 |
(1) |
1 | |||||
|
Total |
6 |
5 |
3 |
1 |
2 |