Segment statistics

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Segment statistics

In € millions

2011¹

2012

2013

2014

2015

2016

2017

2018

2019⁴

2020

Decorative Paints

Revenue²

4,201

4,297

4,174

3,909

4,007

3,835

3,898

3,699

3,670

3,558

Adjusted operating income

237

108

199

248

345

357

351

346

418

573

Operating income

235

(2,012)

398

248

345

366

334

308

425

551

ROS³

5.6

2.5

4.8

6.3

8.6

9.3

9.0

9.4

11.4

16.1

OPI margin³

5.6

(46.8)

9.5

6.3

8.6

9.5

8.6

8.3

11.6

15.5

Average invested capital

5,032

4,701

2,896

2,824

2,959

2,783

2,803

2,798

3,106

2,799

ROI³

4.7

2.3

6.9

8.8

11.7

12.8

12.5

12.4

13.4

20.5

Capital expenditures

155

206

171

143

158

107

112

50

62

77

Average number of employees

17,100

17,200

16,800

15,500

15,100

14,800

14,700

14,100

12,900

12,100

Average revenue per employee (in €1,000)

246

250

248

252

265

259

265

262

284

294

Average operating income per employee (in €1,000)

14

(117)

24

16

23

25

23

22

33

46

Performance Coatings

Revenue²

5,170

5,702

5,571

5,589

5,955

5,665

5,775

5,587

5,549

4,957

Adjusted operating income

456

542

525

545

792

759

669

629

688

700

Operating income

458

542

525

545

792

735

668

577

565

665

ROS³

8.8

9.5

9.4

9.8

13.3

13.4

11.6

11.3

12.4

14.1

OPI margin³

8.9

9.5

9.4

9.8

13.3

13.0

11.6

10.3

10.2

13.4

Average invested capital

2,267

2,499

2,463

2,480

2,692

2,586

2,860

3,066

3,325

3,388

ROI³

20.1

21.7

21.3

22.0

29.4

29.4

23.4

20.5

20.7

20.7

Capital expenditures

116

123

143

143

147

159

129

107

113

146

Average number of employees

21,300

21,700

21,300

21,000

19,700

19,300

19,800

19,200

18,000

17,500

Average revenue per employee (in €1,000)

243

263

262

266

302

294

292

291

308

283

Average operating income per employee (in €1,000)

22

25

25

26

40

38

34

30

31

38

¹	Restated to present Decorative Paints North America as a discontinued operation.
²	The 2019 figures are restated to represent revenue from third parties instead of group revenue.
³	ROS% is calculated as adjusted operating income (operating income excluding identified items) as a percentage of revenues from third parties (as from 2019, before 2019 this was based on group revenue). ROI% is calculated as adjusted operating income (operating income excluding identified items) of the last 12 months as a percentage of average invested capital of the last 12 months. Invested capital is calculated as total assets (excluding cash and cash equivalents, short-term investments, investments in associates, the receivable from pension funds in an asset position and assets held for sale) less current tax. OPI margin is calculated as operating income as a percentage of group revenue.
⁴	2019 includes the impact of the adoption of IFRS 16 “Leases”.