Akzo Nobel N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
18 jul 2013 - 07:09
Statutory name
Akzo Nobel N.V.
Title
AkzoNobel Q2 results 2013
Comments
Revenue down 4 percent, mainly due to divestments
Operating income at €322 million (2012: €388 million) driven by adverse price/mix developments
Net income attributable to shareholders €429 million (2012: €219 million) due to recognition of a deferred tax asset and the divestment of Decorative Paints in North America
Adjusted EPS €1.37 (2012: €1.06)
Performance improvement program on track to be completed in 2013, delivering €500 million EBITDA benefit a year early
Operational focus of strategy update announced in February is the right approach for continuing challenging market conditions; 2015 targets confirmed
Restructuring activities being stepped up, full-year charges expected to be in the order of €325 million (initial estimate: €205 million), with the benefits of these additional €120 million costs realized in 2014 and beyond
Expected higher restructuring charges and continued weak markets mean that full-year operating income is unlikely to exceed the €908 million of 2012
Date last update: 22 April 2026