Quarterly statistics
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2016 |
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2017 |
Q1 |
Q2 |
Q3 |
Q4 |
year |
in € millions |
Q1 |
Q2 |
Q3 |
year-to-date |
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Revenue |
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||||||||
861 |
1,055 |
1,021 |
898 |
3,835 |
Decorative Paints |
922 |
1,046 |
1,007 |
2,975 |
1,388 |
1,473 |
1,406 |
1,398 |
5,665 |
Performance Coatings |
1,471 |
1,504 |
1,428 |
4,403 |
1,206 |
1,206 |
1,202 |
1,169 |
4,783 |
Specialty Chemicals |
1,289 |
1,259 |
1,209 |
3,757 |
(25) |
(23) |
(29) |
(9) |
(86) |
Other activities/eliminations |
(21) |
(24) |
(20) |
(65) |
3,430 |
3,711 |
3,600 |
3,456 |
14,197 |
Total |
3,661 |
3,785 |
3,624 |
11,070 |
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EBITDA |
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86 |
165 |
156 |
84 |
491 |
Decorative Paints |
109 |
152 |
124 |
385 |
222 |
257 |
233 |
187 |
899 |
Performance Coatings |
225 |
242 |
185 |
652 |
245 |
259 |
250 |
199 |
953 |
Specialty Chemicals |
261 |
265 |
251 |
777 |
(66) |
(39) |
(45) |
(85) |
(235) |
Other activities/eliminations |
(61) |
(39) |
(25) |
(125) |
487 |
642 |
594 |
385 |
2,108 |
Total |
534 |
620 |
535 |
1,689 |
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|
14.2 |
17.3 |
16.5 |
11.1 |
14.8 |
EBITDA margin (in %) |
14.6 |
16.4 |
14.8 |
15.3 |
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Depreciation |
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(23) |
(25) |
(23) |
(24) |
(95) |
Decorative Paints |
(23) |
(23) |
(23) |
(69) |
(26) |
(25) |
(25) |
(27) |
(103) |
Performance Coatings |
(25) |
(27) |
(26) |
(78) |
(69) |
(68) |
(70) |
(69) |
(276) |
Specialty Chemicals |
(73) |
(73) |
(71) |
(217) |
(2) |
(2) |
(3) |
(1) |
(8) |
Other activities/eliminations |
(3) |
(2) |
(2) |
(7) |
(120) |
(120) |
(121) |
(121) |
(482) |
Total |
(124) |
(125) |
(122) |
(371) |
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Amortization |
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(11) |
(9) |
(10) |
(9) |
(39) |
Decorative Paints |
(9) |
(8) |
(6) |
(23) |
(10) |
(10) |
(9) |
(8) |
(37) |
Performance Coatings |
(13) |
(13) |
(12) |
(38) |
(12) |
(12) |
(12) |
(12) |
(48) |
Specialty Chemicals |
(12) |
(13) |
(11) |
(36) |
– |
– |
– |
– |
– |
Other activities/eliminations |
– |
– |
(1) |
(1) |
(33) |
(31) |
(31) |
(29) |
(124) |
Total |
(34) |
(34) |
(30) |
(98) |
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EBIT (operating income excluding identified items) |
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52 |
131 |
123 |
51 |
357 |
Decorative Paints |
77 |
121 |
95 |
293 |
186 |
222 |
199 |
152 |
759 |
Performance Coatings |
187 |
202 |
147 |
536 |
164 |
179 |
168 |
118 |
629 |
Specialty Chemicals |
176 |
179 |
169 |
524 |
(68) |
(41) |
(48) |
(86) |
(243) |
Other activities/eliminations |
(64) |
(41) |
(28) |
(133) |
334 |
491 |
442 |
235 |
1,502 |
Total |
376 |
461 |
383 |
1,220 |
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9.7 |
13.2 |
12.3 |
6.8 |
10.6 |
ROS (in %) |
10.3 |
12.2 |
10.6 |
11.0 |
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Operating income |
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52 |
131 |
132 |
51 |
366 |
Decorative Paints |
77 |
121 |
95 |
293 |
186 |
222 |
192 |
135 |
735 |
Performance Coatings |
187 |
202 |
147 |
536 |
164 |
179 |
168 |
118 |
629 |
Specialty Chemicals |
176 |
179 |
169 |
524 |
(45) |
(41) |
(38) |
(87) |
(211) |
Other activities/eliminations |
(64) |
(61) |
(73) |
(198) |
357 |
491 |
454 |
217 |
1,519 |
Total |
376 |
441 |
338 |
1,155 |
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Identified items per Business Area |
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– |
– |
9 |
– |
9 |
Decorative Paints |
– |
– |
– |
– |
– |
– |
(7) |
(17) |
(24) |
Performance Coatings |
– |
– |
– |
– |
– |
– |
– |
– |
– |
Specialty Chemicals |
– |
– |
– |
– |
23 |
– |
10 |
(1) |
32 |
Other activities/eliminations |
– |
(20) |
(45) |
(65) |
23 |
– |
12 |
(18) |
17 |
Total |
– |
(20) |
(45) |
(65) |
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Reconciliation net financing expenses |
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5 |
11 |
8 |
4 |
28 |
Financing income |
6 |
6 |
5 |
17 |
(27) |
(23) |
(25) |
(23) |
(98) |
Financing expenses |
(24) |
(24) |
(23) |
(71) |
(22) |
(12) |
(17) |
(19) |
(70) |
Net interest on net debt |
(18) |
(18) |
(18) |
(54) |
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Other interest movements |
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(2) |
(2) |
(2) |
(4) |
(10) |
Financing expenses related to pensions |
(5) |
(5) |
(4) |
(14) |
(11) |
(8) |
(14) |
(7) |
(40) |
Interest on provisions |
(3) |
(3) |
(16) |
(22) |
8 |
– |
– |
(2) |
6 |
Other items |
4 |
7 |
2 |
13 |
(5) |
(10) |
(16) |
(13) |
(44) |
Net other financing charges |
(4) |
(1) |
(18) |
(23) |
(27) |
(22) |
(33) |
(32) |
(114) |
Net financing expenses |
(22) |
(19) |
(36) |
(77) |
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Quarterly net income analysis |
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20 |
8 |
10 |
5 |
43 |
Results from associates and joint ventures |
8 |
8 |
5 |
21 |
(23) |
(27) |
(15) |
(17) |
(82) |
Profit attributable to non-controlling interests |
(21) |
(24) |
(10) |
(55) |
350 |
477 |
431 |
190 |
1,448 |
Profit before tax |
362 |
430 |
307 |
1,099 |
(86) |
(138) |
(131) |
(39) |
(394) |
Income tax |
(101) |
(104) |
(82) |
(287) |
264 |
339 |
300 |
151 |
1,054 |
Profit for the period from continuing operations |
261 |
326 |
225 |
812 |
25 |
29 |
30 |
21 |
27 |
Effective tax rate (in %) |
28 |
24 |
27 |
26 |
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Earnings per share from continuing operations (in €) |
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0.96 |
1.24 |
1.13 |
0.53 |
3.88 |
Basic |
0.96 |
1.20 |
0.86 |
3.01 |
0.96 |
1.24 |
1.13 |
0.53 |
3.86 |
Diluted |
0.95 |
1.20 |
0.85 |
2.99 |
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Earnings per share from discontinued operations (in €) |
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– |
– |
– |
– |
(0.01) |
Basic |
– |
– |
– |
– |
– |
– |
– |
– |
(0.01) |
Diluted |
– |
(0.01) |
– |
– |
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Earnings per share from total operations (in €) |
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0.96 |
1.24 |
1.13 |
0.53 |
3.87 |
Basic |
0.96 |
1.20 |
0.86 |
3.01 |
0.96 |
1.24 |
1.13 |
0.53 |
3.85 |
Diluted |
0.95 |
1.19 |
0.85 |
2.99 |
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Number of shares (in millions) |
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||||||||
249.5 |
250.6 |
251.6 |
251.9 |
250.9 |
Weighted average number of shares |
251.3 |
251.1 |
251.9 |
251.4 |
249.6 |
251.6 |
251.6 |
252.2 |
252.2 |
Number of shares at end of quarter |
252.6 |
254.3 |
251.9 |
251.9 |
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Adjusted earnings (in € millions) |
|
||||||||
350 |
477 |
431 |
190 |
1,448 |
Profit before tax from continuing operations |
362 |
430 |
307 |
1,099 |
(23) |
– |
(12) |
18 |
(17) |
Identified items reported in operating income |
– |
20 |
45 |
65 |
33 |
31 |
31 |
29 |
124 |
Amortization of intangible assets |
34 |
34 |
30 |
98 |
(95) |
(149) |
(132) |
(55) |
(431) |
Adjusted income tax |
(111) |
(120) |
(102) |
(333) |
(23) |
(27) |
(15) |
(17) |
(82) |
Non-controlling interests |
(21) |
(24) |
(10) |
(55) |
242 |
332 |
303 |
165 |
1,042 |
Adjusted net income from continuing operations |
264 |
340 |
270 |
874 |
0.97 |
1.32 |
1.20 |
0.66 |
4.15 |
Adjusted earnings per share (in €) |
1.05 |
1.35 |
1.07 |
3.48 |