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Akzo Nobel N.V.

Akzo Nobel N.V.

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Publicatie datum 18 jul 2013 - 07:09
Statutaire naam Akzo Nobel N.V.
Titel AkzoNobel Q2 results 2013
Bericht 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