Specialty Chemicals – Overview
- Volumes up 2 percent compared with the previous year
- Revenue down 2 percent, mainly due to adverse currency effects (4 percent)
- Operating income up by 36 percent at €135 million, despite currencies, due to cost control and operational efficiencies
- Continuous improvement measures continue in all businesses
Volume in Specialty Chemicals was higher compared with 2013 as a result of better market conditions in Functional Chemicals and the absence of the previous year’s production issues, notably in Industrial Chemicals. Revenue declined, mainly due to adverse currency developments.
Profitability increased compared with 2013 due to better market conditions in Functional Chemicals and benefits from restructuring.