Business Area statistics

Business Area statistics

In € millions

2010

20111

2012

2013

2014

2015

2016

2017

2018

20194

1

Restated to present Decorative Paints North America as a discontinued operation.

2

From 2010 restated to current definition.

3

ROS and ROI have been restated and are based on adjusted operating income. ROS% is calculated as adjusted operating income (operating income excluding identified items) as a percentage of group revenue. ROI% is calculated as adjusted operating income (operating income excluding identified items) of the last 12 months as a percentage of average invested capital of the last 12 months. Invested capital is calculated as total assets (excluding cash and cash equivalents, short-term investments, investments in associates, the receivable from pension funds in an asset position and assets held for sale) less current tax. OPI margin is calculated as operating income as a percentage of group revenue.

4

2019 includes the impact of the adoption of IFRS 16 “Leases”.

 

 

 

 

 

 

 

 

 

 

 

Decorative Paints

 

 

 

 

 

 

 

 

 

 

Revenue

4,968

4,201

4,297

4,174

3,909

4,007

3,835

3,898

3,699

3,703

Adjusted operating income

336

237

108

199

248

345

357

351

346

418

Operating income

275

235

(2,012)

398

248

345

366

334

308

425

ROS3

6.8

5.6

2.5

4.8

6.3

8.6

9.3

9.0

9.4

11.3

OPI margin

5.5

5.6

(46.8)

9.5

6.3

8.6

9.5

8.6

8.3

11.5

Average invested capital 2

4,908

5,032

4,701

2,896

2,824

2,959

2,783

2,803

2,798

3,106

ROI3

6.8

4.7

2.3

6.9

8.8

11.7

12.8

12.5

12.4

13.4

Capital expenditures

154

155

206

171

143

158

107

112

50

62

Average number of employees

21,800

17,100

17,200

16,800

15,500

15,100

14,800

14,700

14,100

13,800

Average revenue per employee (in €1,000)

228

246

250

248

252

265

259

265

262

268

Average operating income per employee (in €1,000)

13

14

(117)

24

16

23

25

23

22

31

 

 

 

 

 

 

 

 

 

 

 

Performance Coatings

 

 

 

 

 

 

 

 

 

 

Revenue

4,786

5,170

5,702

5,571

5,589

5,955

5,665

5,775

5,587

5,563

Adjusted operating income

503

456

542

525

545

792

759

669

629

688

Operating income

487

458

542

525

545

792

735

668

577

565

ROS3

10.5

8.8

9.5

9.4

9.8

13.3

13.4

11.6

11.3

12.4

OPI margin

10.2

8.9

9.5

9.4

9.8

13.3

13.0

11.6

10.3

10.2

Average invested capital2

2,063

2,267

2,499

2,463

2,480

2,692

2,586

2,860

3,066

3,325

ROI3

24.4

20.1

21.7

21.3

22.0

29.4

29.4

23.4

20.5

20.7

Capital expenditures

87

116

123

143

143

147

159

129

107

113

Average number of employees

20,600

21,300

21,700

21,300

21,000

19,700

19,300

19,800

19,200

18,100

Average revenue per employee (in €1,000)

232

243

263

262

266

302

294

292

291

307

Average operating income per employee (in €1,000)

24

22

25

25

26

40

38

34

30

31