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Automotive and Aerospace Coatings

Full-year revenue was up 2 percent on 2012, driven by price/mix and volumes, with an adverse currency impact. Volumes in the vehicle refinishes market showed recovery in the US and Canada, with growth continuing in Latin America and China. Demand in Western Europe remained weak. Strong customer demand was also experienced in the consumer electronics and aerospace markets. In Q4, revenue increased 1 percent, impacted by adverse currencies. Volume development was in line with the full-year trend.

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