Decorative Paints – Overview
- Volumes flat compared with the previous year
- Revenue down 8 percent due to divestments, adverse currency effects and an adverse price/mix effect, largely driven by the sale of the German stores
- Effects of restructuring programs in Europe contributing to results
- Operating income up 6 percent, ROS at 10.8 percent (2013: 9.4 percent)
Volumes in Decorative Paints were flat compared with 2013. Market conditions in Europe remained challenging, while volumes were higher in Asia. Compared with last year, revenue was down 8 percent due to the divestment of Building Adhesives and the adverse price/mix effect driven by the sale of our German stores. Operating income was higher than 2013, mainly due to lower restructuring expenses.