Specialty Chemicals – Overview
- Revenue up 6 percent, mainly due to favorable currency effects, with volumes flat on the previous year
- Operating income improved 21 percent to €163 million, due to improvement actions, cost containment and lower restructuring costs
- ROS increased to 12.6 percent (2014: 11.0 percent); ROI increased to 15.3 percent (2014: 13.3 percent on a comparable basis)
- Investments in functional capabilities further driving continuous improvement
Revenue was up 6 percent, mainly due to favorable currency effects. Volumes in the first quarter remained flat on the previous year, with a mixed and volatile picture across segments and regions. Developments in the bleaching and chelates segments were positive while volumes in oil drilling were lower. The US continued to show good developments, while China and regions such as Russia and the Middle East were challenging. The closing of the Paper Chemicals divestment is expected in Q2.