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EBITDA


  • In Decorative Paints, lower volumes impacted EBITDA, particularly in North America which benefited last year from a one-time positive customer load-in. Restructuring and cost reduction actions are underway in Europe and North America to offset weaker demand.
  • In Performance Coatings, almost all businesses contributed to higher EBITDA. Cost control and restructuring efforts in mature markets are ongoing and continue to support performance, as do recent acquisitions.
  • In Specialty Chemicals, EBITDA came in 2 percent lower, reflecting different trading conditions across businesses. Results in Functional Chemicals declined, impacted by a supply/demand imbalance in Ethylene Amines and in Chemicals Pakistan, the domestic market conditions remain difficult. Pulp and Performance Chemicals and Surface Chemistry saw earnings improve relative to Q1 last year, while Industrial Chemicals also performed well.

1st quarter

 

 

 

 

in € millions

 

2011

 

2012

 

Δ%

Decorative Paints

 

90

 

76

 

(16)

Performance Coatings

 

143

 

164

 

15

Specialty Chemicals

 

241

 

235

 

(2)

Other activities/eliminations

 

(37)

 

(52)

 

 

Total

 

437

 

423

 

(3)

Copyright © 2012 Akzo Nobel N.V.