Revenue declined 1 percent, mainly due to negative price/mix and unfavorable currency effects. The slowdown in global markets continues to affect the top line. In general volumes stabilized, with some markets, in particular China, making a positive contribution in the quarter. Operating income for the quarter totaled €102 million (9 percent lower than the previous year), mainly due to restructuring costs in mature markets. We have been benefiting from a lower cost basis and lower raw material prices.
Revenue development Q2 2013