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Performance Coatings – Overview


  • Revenue up 13 percent supported by margin management, acquisitions and currency effects
  • Volumes were flat with continued variability between individual markets
  • EBITDA margin at 13.8 percent (2011: 12.1 percent) driven by margin management and operational efficiency
  • Integration of acquired activities supporting results
  • Marine and Protective Coatings and Industrial Coatings continued their strong performance

Revenue increased by 13 percent compared with the previous year. The strongest growth came from Industrial Coatings (due to acquisitions) and Marine and Protective Coatings (from strong demand in Protective Coatings). Volumes were flat with continued variability between individual markets. Overall margins improved due to a combination of margin management activities and ongoing cost control. The major restructuring activities in the quarter focused on Marine and Protective Coatings, Automotive and Aerospace Coatings Europe and the ongoing integration of the Schramm acquisition.

Revenue development Q3 2012

Performance Coatings – Revenue development Q3 2012 (bar chart)
Performance Coatings – Brands (logos)
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