Service
General
Information
 
Last Update: 03/12/2009
previous pageend of pagenext page
Part of the audited Consolidated Financial Statements and Management´s Analysis

Segment Functional Solutions -
Business development

Customer-specific products and system solutions

Sales by division (million €)

Sales by division (million €) – Functional Solutions (pie chart)

The Functional Solutions segment consists of the Catalysts, Construction Chemicals and Coatings divisions. These divisions develop innovative, sector and customer-specific products and system solutions, in particular for the automotive and construction industries.

As a result of the significant decline in demand and negative currency effects, sales to third parties declined slightly by 1.1% to €9,388 million (volumes –3%, prices 6%, currencies –4%). Income from operations decreased by €283 million to €151 million. This was primarily due to the drastic decline in demand from our key customer industries – construction and automotive – and higher raw material costs, which negatively impacted margins.

In 2009, we expect the market environment to remain difficult in the automotive and construction industries; as a result, we anticipate a slight decline in sales. We aim to increase income from operations.

Sales Functional Solutions (million €)

Sales Functional Solutions (million €) (bar chart)

Income from operations Functional Solutions (million €)

Income from operations Functional Solutions (million €) (bar chart)

Factors influencing sales – Functional Solutions

Factors influencing sales – Functional Solutions (bar chart)
  Download (Download XLS xls, 18 kB)

Segment data Functional Solutions (million €)

 

 

2008

2007

Change in %

Sales to third parties

9,388

9,491

(1.1)

Thereof Catalysts

4,729

4,804

(1.6)

Construction Chemicals

2,163

2,100

3.0

Coatings

2,496

2,587

(3.5)

Intersegmental transfers

147

141

4.3

Sales including intersegmental transfers

9,535

9,632

(1.0)

Income from operations before depreciation and amortization (EBITDA)

564

876

(35.6)

Income from operations (EBIT)
before special items

265

557

(52.4)

Income from operations (EBIT)

151

434

(65.2)

Income from operations (EBIT)
after cost of capital

(750)

(401)

(87.0)

EBITDA in percent of sales

6.0

9.2

Assets

8,693

8,730

(0.4)

Research and development expenses

186

181

2.8

Additions to property, plant and equipment
and intangible assets

234

315

(25.7)

previous pageto topnext page