Industrial Solutions
Q1 2022
In the Industrial Solutions segment, sales rose considerably compared with the prior-year quarter. Both divisions recorded significant sales growth.
|
Industrial Solutions |
Dispersions & Resins |
Performance Chemicals |
|---|---|---|---|
Volumes |
6.6% |
7.3% |
5.3% |
Prices |
18.6% |
18.1% |
19.5% |
Portfolio |
–10.6% |
–16.5% |
–0.2% |
Currencies |
3.6% |
3.4% |
4.1% |
Sales |
18.3% |
12.4% |
28.7% |
The sales increase was mainly driven by much higher prices in both divisions: Both the Dispersions & Resins division and the Performance Chemicals division raised prices in all business areas and all regions. This was primarily attributable to higher prices for raw materials, energy and freight.
Volumes also rose significantly. Both divisions increased sales volumes, especially in Europe in almost all business areas.
Slightly positive currency effects, mainly relating to the U.S. dollar and the Chinese renminbi, contributed to sales growth.
Sales were considerably reduced by portfolio effects, primarily in the Dispersions & Resins division following the disposal of the global pigments business.
Income from operations (EBIT) before special items was considerably above the first quarter of 2021. Positive price and volume developments led to strong earnings growth in both divisions.
|
|
2022 |
2021 |
+/– |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales to third parties |
|
2,493 |
2,108 |
18.3% |
||||||||||
of which Dispersions & Resins |
|
1,516 |
1,349 |
12.4% |
||||||||||
Performance Chemicals |
|
977 |
759 |
28.7% |
||||||||||
Income from operations before depreciation, amortization and special items |
|
431 |
350 |
23.2% |
||||||||||
Income from operations before depreciation and amortization (EBITDA) |
|
426 |
343 |
24.1% |
||||||||||
Depreciation and amortizationa |
|
83 |
84 |
–1.5% |
||||||||||
Income from operations (EBIT) |
|
343 |
259 |
32.4% |
||||||||||
Special items |
|
–5 |
–7 |
23.0% |
||||||||||
EBIT before special items |
|
348 |
266 |
30.9% |
||||||||||
Assets (March 31) |
|
6,714 |
6,855 |
–2.1% |
||||||||||
Investments including acquisitionsb |
|
53 |
62 |
–14.9% |
||||||||||
Research and development expenses |
|
43 |
44 |
–2.1% |
||||||||||
|
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