Automotive and Specialty Coatings

Full-year revenue improved 7 percent, with favorable price/mix and currencies offsetting lower volumes. Lower demand in Brazil and Russia was offset by strong volume development in the aerospace, automotive interior and consumer electronics segments.

In Q4, revenue was up 4 percent due to favorable price/mix and currencies, partially offset by lower volumes. Demand for vehicle refinishes in North Asia and South Europe increased while demand in commercial vehicle and consumer electronics was lower.