Revenue
- Full-year revenue in Decorative Paints was up 3 percent. 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.
In Q4, revenue was up 1 percent, due to positive volume developments in Europe and Asia - Full-year revenue in Performance Coatings was up 7 percent, driven by favorable price/mix and currencies. Volumes were down 2 percent across the segments, impacted by market developments in Brazil and ongoing spending declines in the global oil and gas industry.
In Q4, revenue was up 5 percent, benefiting from favorable price/mix and positive currencies. Volumes were flat, with project strength in Marine and Protective Coatings businesses offset by lower demand in other segments - Full-year revenue in Specialty Chemicals was up 2 percent due to favorable currency effects, partly offset by divestments and adverse price effects. Overall volumes were flat. Growth in some segments compensated for lower demand in oil drilling segments, impacting Surface Chemistry and Functional Chemicals.
In Q4, revenue was down 2 percent. Volumes were affected by interruptions in the manufacturing and supply chain. Favorable currency effects were offset by divestments and increased price pressure
Revenue
|
Fourth quarter |
|
January-December |
||||||||||
|
2014 |
2015 |
∆% |
in € millions |
2014 |
2015 |
∆% |
||||||
|
920 |
931 |
1 |
Decorative Paints |
3,909 |
4,007 |
3 |
||||||
|
1,416 |
1,482 |
5 |
Performance Coatings |
5,589 |
5,955 |
7 |
||||||
|
1,194 |
1,167 |
(2) |
Specialty Chemicals |
4,883 |
4,988 |
2 |
||||||
|
(13) |
(21) |
|
Other activities/eliminations |
(85) |
(91) |
|
||||||
|
3,517 |
3,559 |
1 |
Total |
14,296 |
14,859 |
4 |
||||||
Revenue development full-year 2015
|
in % versus 2014 |
Volume |
Price/mix |
Divestments |
Exchange rates |
Total |
|||||
|
Decorative Paints |
(1) |
– |
– |
4 |
3 |
|||||
|
Performance Coatings |
(2) |
1 |
– |
8 |
7 |
|||||
|
Specialty Chemicals |
– |
(1) |
(2) |
5 |
2 |
|||||
|
Total |
(1) |
– |
(1) |
6 |
4 |
Revenue development Q4 2015
|
in % versus Q4 2014 |
Volume |
Price/mix |
Divestments |
Exchange rates |
Total |
|||||
|
Decorative Paints |
1 |
– |
– |
– |
1 |
|||||
|
Performance Coatings |
– |
1 |
– |
4 |
5 |
|||||
|
Specialty Chemicals |
– |
(2) |
(3) |
3 |
(2) |
|||||
|
Total |
– |
(1) |
(1) |
3 |
1 |
|
Volume development per quarter (year-on-year) |
Q4 14 |
Q1 15 |
Q2 15 |
Q3 15 |
Q4 15 |
|||||
|
Decorative Paints |
(2) |
(3) |
(1) |
– |
1 |
|||||
|
Performance Coatings |
– |
(3) |
(3) |
(2) |
– |
|||||
|
Specialty Chemicals |
(1) |
– |
– |
– |
– |
|||||
|
Total |
(1) |
(2) |
(2) |
(1) |
– |
|
Price/mix development per quarter (year-on-year) |
Q4 14 |
Q1 15 |
Q2 15 |
Q3 15 |
Q4 15 |
|||||
|
Decorative Paints |
– |
(1) |
– |
(2) |
– |
|||||
|
Performance Coatings |
1 |
1 |
– |
2 |
1 |
|||||
|
Specialty Chemicals |
– |
– |
(1) |
(2) |
(2) |
|||||
|
Total |
– |
– |
– |
– |
(1) |