|Q3 2013||Q3 2014||Change||9M 2013||9M 2014||Change|
|EBITDA pre exceptionals||71||17.6||74||17.5||4.2||216||17.6||219||17.6||1.4|
|Operating result (EBIT) pre exceptionals||51||12.7||52||12.3||2.0||160||13.0||153||12.3||(4.4)|
|Operating result (EBIT)||51||12.7||52||12.3||2.0||164||13.3||151||12.1||(7.9)|
|Cash outflows for capital expenditures||28||15||(46.4)||70||54||(22.9)|
|Depreciation and amortization||20||22||10.0||56||66||17.9|
|Employees as of Sep. 30
(previous year: as of Dec. 31)
Sales in the Advanced Intermediates segment rose by 5.2% in the third quarter of 2014, to €424 million. While selling price adjustments resulted in a negative price effect of 0.9%, volumes were up by 6.1% against the prior-year quarter. Exchange rate movements had no tangible effect.
Selling prices in the segment’s two business units were below the level of the prior-year quarter, while volumes moved substantially higher. The Saltigo business unit, in particular, benefited from the positive development of demand for agrochemicals. The segment posted higher sales in all regions, with growth driven especially by the Asia-Pacific and Germany regions.
EBITDA pre exceptionals for the Advanced Intermediates segment advanced by €3 million or 4.2% against the prior-year quarter, to €74 million. Earnings were improved by higher volumes and a slight decline in raw material costs but held back particularly by the adjustment of selling prices. The EBITDA margin remained high at 17.5%, against 17.6% in the prior-year quarter.