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Quarterly statistics


2011

 

 

 

2012

Q1

 

Q2

 

Q3

 

Q4

 

year

 

in € millions

 

Q1

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,196 

 

1,461

 

1,435

 

1,204

 

5,296

 

Decorative Paints

 

1,242

1,237 

 

1,312

 

1,295

 

1,326

 

5,170

 

Performance Coatings

 

1,369

1,351 

 

1,350

 

1,349

 

1,285

 

5,335

 

Specialty Chemicals

 

1,399

(22)

 

(26)

 

(28)

 

(28)

 

(104)

 

Other activities/eliminations

 

(38)

3,762 

 

4,097

 

4,051

 

3,787

 

15,697

 

Total

 

3,972

 

 

 

 

 

 

 

 

 

 

 

 

 

EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90 

 

191

 

148

 

11

 

440

 

Decorative Paints

 

76

143 

 

170

 

157

 

141

 

611

 

Performance Coatings

 

164

241 

 

220

 

238

 

207

 

906

 

Specialty Chemicals

 

235

(37)

 

(30)

 

(36)

 

(58)

 

(161)

 

Other activities/eliminations

 

(52)

437 

 

551

 

507

 

301

 

1,796

 

Total

 

423

 

 

 

 

 

 

 

 

 

 

 

 

 

11.6 

 

13.4 

 

12.5 

 

7.9 

 

11.4 

 

EBITDA margin (in %)

 

10.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(30)

 

(30)

 

(33)

 

(33)

 

(126)

 

Decorative Paints

 

(33)

(21)

 

(21)

 

(21)

 

(24)

 

(87)

 

Performance Coatings

 

(23)

(55)

 

(56)

 

(56)

 

(60)

 

(227)

 

Specialty Chemicals

 

(61)

(2)

 

(3)

 

(4)

 

(2)

 

(11)

 

Other activities/eliminations

 

(5)

(108)

 

(110)

 

(114)

 

(119)

 

(451)

 

Total

 

(122)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(21)

 

(20)

 

(20)

 

(23)

 

(84)

 

Decorative Paints

 

(24)

(7)

 

(7)

 

(7)

 

(8)

 

(29)

 

Performance Coatings

 

(9)

(12)

 

(13)

 

(13)

 

(16)

 

(54)

 

Specialty Chemicals

 

(13)

 

 

(1)

 

(2)

 

(3)

 

Other activities/eliminations

 

(40)

 

(40)

 

(41)

 

(49)

 

(170)

 

Total

 

(46)

 

 

 

 

 

 

 

 

 

 

 

 

 

EBIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39 

 

141

 

95

 

(45)

 

230

 

Decorative Paints

 

19

115 

 

142

 

129

 

109

 

495

 

Performance Coatings

 

132

174 

 

151

 

169

 

131

 

625

 

Specialty Chemicals

 

161

(39)

 

(33)

 

(41)

 

(62)

 

(175)

 

Other activities/eliminations

 

(57)

289 

 

401

 

352

 

133

 

1,175

 

Total

 

255

 

 

 

 

 

 

 

 

 

 

 

 

 

7.7 

 

9.8

 

8.7

 

3.5

 

7.5

 

EBIT margin (in %)

 

6.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37 

 

137

 

57

 

(94)

 

137

 

Decorative Paints

 

(15)

106 

 

155

 

114

 

83

 

458

 

Performance Coatings

 

127

173 

 

147

 

169

 

133

 

622

 

Specialty Chemicals

 

140

(39)

 

(11)

 

(39)

 

(86)

 

(175)

 

Other activities/eliminations

 

(61)

277 

 

428

 

301

 

36

 

1,042

 

Total

 

191

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals per Business Area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2)

 

(4)

 

(38)

 

(49)

 

(93)

 

Decorative Paints

 

(34)

(9)

 

13

 

(15)

 

(26)

 

(37)

 

Performance Coatings

 

(5)

(1)

 

(4)

 

 

2

 

(3)

 

Specialty Chemicals

 

(21)

 

22

 

2

 

(24)

 

 

Other activities/eliminations

 

(4)

(12)

 

27

 

(51)

 

(97)

 

(133)

 

Total

 

(64)

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals included in operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(9)

 

(20)

 

(47)

 

(55)

 

(131)

 

Restructuring costs

 

(46)

 

21

 

2

 

(33)

 

(9)

 

Results related to major legal and environmental cases

 

(22)

 

26

 

(5)

 

(11)

 

10

 

Results on acquisitions and divestments

 

(4)

 

 

(1)

 

2

 

(3)

 

Other incidental results

 

4

(12)

 

27

 

(51)

 

(97)

 

(133)

 

Total

 

(64)

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals per line item

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4)

 

(5)

 

(25)

 

(18)

 

(52)

 

Cost of sales

 

(35)

(3)

 

(9)

 

(20)

 

(34)

 

(66)

 

Selling expenses

 

(9)

(1)

 

(4)

 

(1)

 

(18)

 

(24)

 

General and administrative expenses

 

(20)

 

 

(1)

 

(8)

 

(9)

 

Research and development expenses

 

(1)

(4)

 

45

 

(4)

 

(19)

 

18 

 

Other operating income/(expenses)

 

1

(12)

 

27

 

(51)

 

(97)

 

(133)

 

Total

 

(64)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation net financing expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14 

 

17 

 

14 

 

12 

 

57 

 

Financing income

 

15

(61)

 

(63)

 

(49)

 

(129)

 

(302)

 

Financing expenses

 

(57)

(47)

 

(46)

 

(35)

 

(117)

 

(245)

 

Net interest on net debt

 

(42)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other interest movements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(16)

 

(13)

 

(15)

 

(15)

 

(59)

 

Financing expenses related to pensions

 

(16)

(5)

 

(12)

 

(13)

 

(16)

 

(46)

 

Interest on provisions

 

(3)

 

7

 

(7)

 

7

 

12

 

Other items

 

(4)

(16)

 

(18)

 

(35)

 

(24)

 

(93)

 

Net other financing charges

 

(23)

(63)

 

(64)

 

(70)

 

(141)

 

(338)

 

Net financing expenses

 

(65)

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly net income analysis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

 

23 

 

Results from associates and joint ventures

 

(16)

 

 (22)

 

(18)

 

(8)

 

(64)

 

Profit attributable to non-controlling interests

 

(14)

221 

 

372 

 

 240

 

(106)

 

727 

 

Profit before tax

 

130 

(73)

 

 (99)

 

(74)

 

52

 

(194)

 

Income tax

 

(46)

148 

 

273 

 

166

 

(54)

 

533 

 

Profit for the period from continuing operations

 

84 

33 

 

27 

 

31

 

49

 

27 

 

Effective tax rate (in %)

 

35 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from continuing operations (in €)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.57

 

1.07

 

0.63

 

(0.26)

 

2.01

 

Basic

 

0.30

0.56

 

1.07

 

0.63

 

(0.26)

 

1.99

 

Diluted

 

0.30

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from discontinued operations (in €)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.02)

 

0.07

 

 

(0.03)

 

0.03

 

Basic

 

(0.02)

 

0.07

 

 

(0.03)

 

0.03

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from total operations (in €)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.55

 

1.14

 

0.63

 

(0.29)

 

2.04

 

Basic

 

0.30

0.54

 

1.14

 

0.63

 

(0.29)

 

2.02

 

Diluted

 

0.30

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares (in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

233.6

 

233.9

 

234.0

 

234.3

 

233.9

 

Weighted average number of shares

 

235.1

233.7

 

234.0

 

234.0

 

234.7

 

234.7

 

Number of shares at end of quarter

 

235.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted earnings (in € millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

221 

 

372 

 

240 

 

(106)

 

727 

 

Profit before tax from continuing operations

 

130 

12 

 

(27)

 

51 

 

97 

 

133 

 

Incidentals reported in operating income

 

64 

40 

 

40 

 

41 

 

49 

 

170 

 

Amortization of intangible assets

 

46 

(88)

 

(107)

 

(100)

 

 

(286)

 

Adjusted income tax

 

(78)

(16)

 

(22)

 

(18)

 

(8)

 

(64)

 

Non-controlling interests

 

(14)

169 

 

256 

 

214 

 

41 

 

680 

 

Adjusted net income for continuing operations

 

148 

0.72 

 

1.09 

 

0.91 

 

0.17 

 

2.91 

 

Adjusted earnings per share (in €)

 

0.63 

Copyright © 2012 Akzo Nobel N.V.