Performance Coatings – Overview

• In Q2, volumes increased 1 percent compared with the previous year
• Revenue down 2 percent, primarily due to adverse currency effects
• Operating income up 9 percent, ROS at 12.4 percent (2013: 11.2 percent)
• Operating efficiencies visible despite higher restructuring charges

Volume in Q2 in Performance Coatings progressed 1 percent compared with 2013. Revenue declined 2 percent, with improvements in volume and price/mix being offset by adverse currencies. Profitability improved due to operating effectiveness measures, which more than offset increased restructuring costs and adverse currency impact.

Revenue development Q2 2014