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Akzo Nobel N.V.

Akzo Nobel N.V.

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Publicatie datum 18 feb 2010 - 07:58
Statutaire naam Akzo Nobel N.V.
Titel 2009 results: Strong cash flow in challenging markets
Bericht February 18, 2010 • 2009 revenue declined 10 percent to €13,893 million • 2009 EBITDA before incidentals 8 percent lower at €1,768 million; EBITDA margin at 12.7 percent (2008: 12.5 percent) • Operating working capital reduced to 13.7 percent of revenue (2008: 16.5 percent) • Net cash from operating activities €1,240 million (2008: €91 million) • Q4 revenue down 7 percent, EBITDA up 4 percent to €396 million, margin at 11.9 percent • Ongoing restructuring costs and other incidental items resulted in a Q4 net loss • Final dividend of €1.05 per share proposed, making a total dividend of €1.35 (2008:1.80), representing a 57 percent pay-out (2008: 48 percent) • On track to achieve 14 percent EBITDA margin target by end of 2011