Coming off the back of a strong 2010, when growth kicked in following the earlier recession, 2011 proved to be more challenging than expected. The major hurdle we faced was an incredible increase in
Revenue development in % versus 2010 Volume Price Acquisitions/ divestments Exchange rates Total Decorative Paints 5 3 – (1) 7 Performance Coatings 2 5 2 (1) 8 Specialty Chemicals 1 7 – &
Without any doubt, 2011 has been a challenging year. After a satisfying first quarter, in which we continued to show profitable growth in line with 2010 trends, we began to experience increasing head
Dividend proposal We are aiming to pay a stable to rising dividend. We have introduced a stock dividend option with cash dividend as default. Given our strong fundamentals and as a signal of confiden
Decorative Paints In Decorative Paints, title was 20 percent behind 2010 (19 percent in constant currencies), mainly driven by the increases in raw material prices (specifically TiO2) and unfavorable
2011 revenue up 7 percent driven by pricing actions to offset raw material cost inflation Weaker end markets and cost inflation impacted results 2011 EBITDA 9 percent lower at €1,796 million (2
Condensed consolidated cash flow statement In € millions 2010 2011 Cash and cash equivalents opening balance 1,919 2,683 Profit for the period from continuing operations 747 533 Amortization, d
Proposed dividend of €1.45 per share, a 4 percent increase Capital Markets Day on Decorative Paints staged Share price performance Our share price decreased 19.6 percent in 2011, underperformin
absent: Jaap Kuipers It has been a challenging year for our global Decorative Paints business. The worldwide financial crisis significantly impacted housing and construction markets, with newbuilds a
All things considered, 2011 turned out to be a good year, following on as it did from a record 2010. Economic volatility increased dramatically, so after a strong start our growth momentum was somewh
Condensed consolidated balance sheet In € millions 2010 2011 Intangible assets 7,308 7,392 Property, plant and equipment 3,384 3,705 Other financial non-current assets 1,977 2,198 Total non-cur
title in € millions 2010 4,943 +8% 2011 5,335 title in € millions 2010 939 -4% 2011 906 title % of revenue 2010 19.0 -2.0 2011 17.0 Total reportable rate of injuries per million hours 201
