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Decorative Paints – Overview

  • Revenue up 6 percent on 2011, driven by favorable price/mix
  • Weaker demand in mature and South East Asian markets negatively impacted volumes
  • EBITDA down 8 percent, mainly driven by weaker performance in Europe, reflecting challenging market conditions
  • Improved results in North America due to a combination of margin management and restructuring
  • Restructuring continues in mature markets, particularly in Europe

Decorative Paints revenue grew 6 percent, mainly due to favorable price/mix and positive currency effects. Revenue grew in all businesses, with the exception of South East Asia Pacific. Volumes were down, negatively affected by the euro crisis and the general slowdown in global markets (Europe and South East Asia Pacific were our hardest hit markets). However, we continue to see positive volume development in Latin America and China. EBITDA was down 8 percent, reflecting weaker European market conditions. Restructuring continues in mature markets, particularly in Europe.

Revenue development Q2 2012

Decorative Paints – Revenue development Q2 2012 (bar chart)
Decorative Paints – Brands (logos)
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