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EBITDA


EBITDA has been impacted by further raw material price inflation, demand volatility and continued soft demand (particularly in mature markets), as well as prolonged maintenance stops within Specialty Chemicals and the strong euro.

  • In Decorative Paints, EBITDA was down 7 percent for the quarter, with a negative currency impact of 2 percent. The EBITDA margin in the second quarter is in line with the normal seasonal pattern but is lower compared to the previous year, which is mainly caused by weaker performance in Europe.
  • In Performance Coatings, EBITDA was 11 percent lower with a negative currency impact of 4 percent, compared to a strong quarter in the prior year, impacted by higher raw material prices and continued weak markets in the Wood Finishes segment. Cost control and restructuring efforts in mature markets are ongoing and continue to support performance. EBITDA was €170 million; EBITDA margin was 13.0 percent (2010: 15.2 percent).
  • In Specialty Chemicals, the escalation of input costs – largely petrochemical derivatives and energy – dampened performance. Furthermore, there were several large site maintenance stops in the quarter resulting in higher maintenance costs and the sourcing of higher-cost products from third parties. Consequently, EBITDA was €220 million, 14 percent below the exceptional level of last year, including a 2 percent adverse currency translation impact. The EBITDA margin was 16.3 percent (2010: 20.4 percent).

2nd quarter

 

 

January - June

 

2010

2011

Δ%

in € millions

2010

2011

Δ%

205

191

(7)

Decorative Paints

287

281

(2)

191

170

(11)

Performance Coatings

334

313

(6)

257

220

(14)

Specialty Chemicals

464

461

(1)

(39)

(30)

 

Other activities/eliminations

(72)

(67)

 

614

551

(10)

Total

1,013

988

(2)

Copyright © 2011 Akzo Nobel N.V.