Full-year 2022 results and outlook

Sales increase driven by price adjustments to pass on high inflation

Up by 21.3% vs. 2021
• 13.6% organic sales growth, reflecting price increases in the face of significant
raw materials and energy cost inflation, the improved product mix, as well as
demand slowdown and significant destocking in Q4

Price increase
initiatives in the face
of high raw materials
and energy inflation.

Adhesive Solutions: Prices up 14.8% YoY, in response to inflation
in raw materials, energy and transport costs.

Advanced Materials: Prices up 31.1% YoY.

Coating Solutions: Prices up 19.1% YoY, driven by price increases in
the downstream, as well as in upstream acrylics, in a
context of high inflation in raw materials and energy.

Intermediates: Prices up 12.8% YoY.