Revenue declined during the quarter, mainly due to divestments and lower volumes in all businesses, particularly in segments such as construction, agriculture and pulp bleaching. A general softening in demand was evident, notably in Europe, although manufacturing also slowed down in China and other high growth markets, impacting global supply chains and adding to the volatility in ordering patterns. Furthermore, the conclusion of value chain issues in Q1 and the exit from the merchant fatty acids business in Boxing, China, had an impact on volume. The lower profitability was mainly due to lower volumes and production outages, partly mitigated by cost and productivity initiatives.
Revenue development Q2 2013