- Q2 revenue in Decorative Paints 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.
- Q2 revenue in Performance Coatings declined 1 percent, with the slowdown in Europe impacting all businesses.
- Q2 revenue in Specialty Chemicals declined by 12 percent, mainly due to divestments and lower volumes in all businesses. A general softening in demand was evident, notably in Europe, although manufacturing also slowed down in China and other high growth markets. Furthermore, the conclusion of value chain issues in Q1 and the exit from the merchant fatty acids business in Boxing, China, had an impact on volume.
|
2nd quarter |
|
|
|
January - June | ||||||||
|
2012 |
2013 |
Δ% |
in € millions |
2012 |
2013 |
Δ% | ||||||
|
1,187 |
1,179 |
(1) |
Decorative Paints |
2,161 |
2,104 |
(3) | ||||||
|
1,472 |
1,458 |
(1) |
Performance Coatings |
2,841 |
2,789 |
(2) | ||||||
|
1,431 |
1,253 |
(12) |
Specialty Chemicals |
2,830 |
2,497 |
(12) | ||||||
|
(46) |
(25) |
|
Other activities/eliminations |
(81) |
(60) |
| ||||||
|
4,044 |
3,865 |
(4) |
Total |
7,751 |
7,330 |
(5) | ||||||
Revenue development Q2 2013
|
in % versus Q2 2012 |
Volume |
Price/mix |
Divestments |
Exchange |
Total | |||||
|
Decorative Paints |
4 |
(2) |
– |
(3) |
(1) | |||||
|
Performance Coatings |
– |
– |
– |
(1) |
(1) | |||||
|
Specialty Chemicals |
(5) |
(2) |
(5) |
– |
(12) | |||||
|
Total |
– |
(1) |
(2) |
(1) |
(4) |
|
Volume development per quarter |
Q2 12 |
Q3 12 |
Q4 12 |
Q1 13 |
Q2 13 | |||||
|
Decorative Paints |
(3) |
(6) |
2 |
(1) |
4 | |||||
|
Performance Coatings |
(2) |
– |
(2) |
(3) |
– | |||||
|
Specialty Chemicals |
(2) |
(2) |
(1) |
(4) |
(5) | |||||
|
Total |
(3) |
(3) |
(1) |
(3) |
– |
|
Price/mix development per quarter |
Q2 12 |
Q3 12 |
Q4 12 |
Q1 13 |
Q2 13 | |||||
|
Decorative Paints |
3 |
1 |
– |
(1) |
(2) | |||||
|
Performance Coatings |
6 |
3 |
3 |
1 |
– | |||||
|
Specialty Chemicals |
2 |
(1) |
1 |
(2) |
(2) | |||||
|
Total |
3 |
1 |
2 |
(1) |
(1) |