Decorative Paints – Overview
- Revenue up 3 percent due to favorable currencies offsetting adverse price/mix and volumes
- Volume developments were positive in Asia for the full-year and in both Europe and Asia for Q4
- Operating income increased 39 percent, due to the new operating model, lower costs, reduced restructuring expenses and currencies
- ROS increased to 8.6 percent (2014: 6.3 percent); ROI increased to 11.7 percent (2014: 8.8 percent)
Full-year revenue was up in Asia, flat in Europe and down in Latin America. Volumes were down 1 percent overall for the full-year, with positive developments in Asia offset by Latin America and Europe.
Operating income increased by 39 percent as a result of the new operating model, lower costs, reduced restructuring expenses and currency developments.
In Q4, revenue was up 1 percent, due to positive volume developments in Europe and Asia, while price/mix and currencies were flat.