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Decorative Paints – Overview

  • Revenue 5 percent down impacted by currencies, lower volumes and price/mix
  • Challenging market conditions in Europe negatively impacting price/mix and volumes
  • Operating income above the previous year, benefiting from lower cost and lower restructuring charges, but impacted by weak volume development in Europe

Revenue declined 5 percent, mainly due to lower volumes in Europe, price/mix and currencies. Volumes were lower in Europe and South East Asia, but higher in Latin America and China. Costs were lower mainly in Europe, while operating income for the quarter, at €43 million, was higher than in 2012, reflecting lower costs in Europe and lower restructuring charges during the quarter.

Revenue development Q1 2013

Decorative Paints – Revenue development Q1 2013 (bar chart)
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