Performance Coatings – Overview

• Volumes up 3 percent compared with the previous year
• Revenue down 1 percent, mainly due to adverse currency effects (6 percent)
• Operating income down 2 percent due to higher restructuring charges and currencies
• Continuing focus on cost control and operating efficiencies

Volume in Performance Coatings was up compared with 2013. Revenue was lower due to adverse currency effects. Operating income was down 2 percent due to adverse currency effects and higher restructuring costs. Variability across individual businesses, and within regions, continued.

Revenue development Q1 2014