Surface Chemistry

Full-year revenue was up 5 percent due to positive currency effects, partly offset by lower volumes and price pressure. Volumes were down in the oil drilling segments, mostly in the Americas, partly compensated by other segments and higher demand in Europe. Volumes in Asia were flat compared with the previous year.

In Q4, revenue was down 4 percent. Favorable currency effects were more than offset by lower volumes. Market conditions in the oil drilling segment deteriorated further as a result of the continued decline in the oil price.