Specialty Chemicals
- Volumes up 1 percent with positive developments, especially in Industrial Chemicals, partly offset by lower demand in the oil related segments
- Revenue down 3 percent, mainly due to price deflation in several markets
- EBIT up 3 percent due to improved volumes and operational efficiencies
- ROS was up at 14.0 percent (2015: 13.2 percent); ROI increased to 17.2 percent (2015: 16.4 percent)
Volumes were up 1 percent with positive developments, especially in Industrial Chemicals, partly offset by lower demand in the oil related segments. Revenue was down 3 percent, mainly due to price deflation in several markets.
EBIT and operating income were up 3 percent due to improved volumes and operational efficiencies.
In Q2 2015, the divestment of the Paper Chemicals business was closed and resulted in a year-to-date book profit net of related costs of €30 million in operating income.
Third quarter |
|
January-September |
||||||
2015 |
2016 |
∆% |
in € millions |
2015 |
2016 |
∆% |
||
|
||||||||
453 |
424 |
(6) |
Functional Chemicals |
1,414 |
1,305 |
(8) |
||
304 |
314 |
3 |
Industrial Chemicals |
896 |
906 |
1 |
||
265 |
262 |
(1) |
Surface Chemistry |
824 |
786 |
(5) |
||
233 |
226 |
(3) |
Pulp and Performance Chemicals |
758 |
683 |
(10) |
||
(20) |
(24) |
|
Other/intragroup eliminations |
(71) |
(66) |
|
||
1,235 |
1,202 |
(3) |
Total |
3,821 |
3,614 |
(5) |
||
|
|
|
|
|
|
|
||
163 |
168 |
3 |
Operating income |
518 |
511 |
(1) |
||
163 |
168 |
3 |
EBIT |
488 |
511 |
5 |
||
13.2 |
14.0 |
|
ROS% * |
12.8 |
14.1 |
|
||
|
|
|
|
|
|
|
||
|
|
|
Average invested capital |
3,553 |
3,493 |
|
||
|
|
|
Moving average ROI (in %) * |
16.4 |
17.2 |
|
||
|
|
|
|
|
|
|
||
86 |
81 |
|
Capital expenditures |
201 |
228 |
|
||
|
|
|
Number of employees |
9,100 |
9,000 |
|
||
Revenue development Q3 2016
Functional Chemicals
Volumes improved with positive developments in the Americas and Asia. The previous year was impacted by severe logistical constraints caused by the incident at the port in Tianjin. Revenue was down 6 percent, due to price deflation and adverse currency effects.
Industrial Chemicals
Volumes were up due to increased demand and higher supply chain availability in Frankfurt and Rotterdam. Revenue was up 3 percent.
Surface Chemistry
Volume development was positive in Europe and Asia. Revenue was down 1 percent due to price deflation in the oil related segments.
Pulp and Performance Chemicals
Volumes were up in Asia, while demand in other regions was subdued. Revenue was down 3 percent due to lower volumes and price deflation.
Our customers are looking for more sustainable solutions. We recently launched an essential ingredient for outdoor cleaning products that successfully meets stringent US Environmental Protection Agency (EPA) environmental standards for direct release without compromising on performance.