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Quarterly statistics


2011

 

 

 

 

 

 

 

2012

Q1

 

Q2

 

Q3

 

Q4

 

year

 

in € millions

 

Q1

 

Q2

 

year-to-date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

1,196

 

1,461

 

1,435

 

1,204

 

5,296

 

Decorative Paints

 

1,242

 

1,551

 

2,793

1,237

 

1,312

 

1,295

 

1,326

 

5,170

 

Performance Coatings

 

1,369

 

1,472

 

2,841

1,351

 

1,350

 

1,349

 

1,285

 

5,335

 

Specialty Chemicals

 

1,399

 

1,431

 

2,830

(22)

 

(26)

 

(28)

 

(28)

 

(104)

 

Other activities/eliminations

 

(38)

 

(48)

 

(86)

3,762

 

4,097

 

4,051

 

3,787

 

15,697

 

Total

 

3,972

 

4,406

 

8,378

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBITDA

90

 

191

 

148

 

11

 

440

 

Decorative Paints

 

76

 

175

 

251

143

 

170

 

157

 

141

 

611

 

Performance Coatings

 

164

 

213

 

377

241

 

220

 

238

 

207

 

906

 

Specialty Chemicals

 

235

 

255

 

490

(37)

 

(30)

 

(36)

 

(58)

 

(161)

 

Other activities/eliminations

 

(52)

 

(50)

 

(102)

437

 

551

 

507

 

301

 

1,796

 

Total

 

423

 

593

 

1,016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.6

 

13.4

 

12.5

 

7.9

 

11.4

 

EBITDA margin (in %)

 

10.6

 

13.5

 

12.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

(30)

 

(30)

 

(33)

 

(33)

 

(126)

 

Decorative Paints

 

(33)

 

(34)

 

(67)

(21)

 

(21)

 

(21)

 

(24)

 

(87)

 

Performance Coatings

 

(23)

 

(25)

 

(48)

(55)

 

(56)

 

(56)

 

(60)

 

(227)

 

Specialty Chemicals

 

(61)

 

(63)

 

(124)

(2)

 

(3)

 

(4)

 

(2)

 

(11)

 

Other activities/eliminations

 

(5)

 

(1)

 

(6)

(108)

 

(110)

 

(114)

 

(119)

 

(451)

 

Total

 

(122)

 

(123)

 

(245)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

(21)

 

(20)

 

(20)

 

(23)

 

(84)

 

Decorative Paints

 

(24)

 

(24)

 

(48)

(7)

 

(7)

 

(7)

 

(8)

 

(29)

 

Performance Coatings

 

(9)

 

(8)

 

(17)

(12)

 

(13)

 

(13)

 

(16)

 

(54)

 

Specialty Chemicals

 

(13)

 

(15)

 

(28)

 

 

(1)

 

(2)

 

(3)

 

Other activities/eliminations

 

 

 

(40)

 

(40)

 

(41)

 

(49)

 

(170)

 

Total

 

(46)

 

(47)

 

(93)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBIT

39

 

141

 

95

 

(45)

 

230

 

Decorative Paints

 

19

 

117

 

136

115

 

142

 

129

 

109

 

495

 

Performance Coatings

 

132

 

180

 

312

174

 

151

 

169

 

131

 

625

 

Specialty Chemicals

 

161

 

177

 

338

(39)

 

(33)

 

(41)

 

(62)

 

(175)

 

Other activities/eliminations

 

(57)

 

(51)

 

(108)

289

 

401

 

352

 

133

 

1,175

 

Total

 

255

 

423

 

678

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.7

 

9.8

 

8.7

 

3.5

 

7.5

 

EBIT margin (in %)

 

6.4

 

9.6

 

8.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

37

 

137

 

57

 

(94)

 

137

 

Decorative Paints

 

(15)

 

110

 

95

106

 

155

 

114

 

83

 

458

 

Performance Coatings

 

127

 

171

 

298

173

 

147

 

169

 

133

 

622

 

Specialty Chemicals

 

140

 

154

 

294

(39)

 

(11)

 

(39)

 

(86)

 

(175)

 

Other activities/eliminations

 

(61)

 

(60)

 

(121)

277

 

428

 

301

 

36

 

1,042

 

Total

 

191

 

375

 

566

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals per Business Area

(2)

 

(4)

 

(38)

 

(49)

 

(93)

 

Decorative Paints

 

(34)

 

(7)

 

(41)

(9)

 

13

 

(15)

 

(26)

 

(37)

 

Performance Coatings

 

(5)

 

(9)

 

(14)

(1)

 

(4)

 

 

2

 

(3)

 

Specialty Chemicals

 

(21)

 

(23)

 

(44)

 

22

 

2

 

(24)

 

 

Other activities/eliminations

 

(4)

 

(9)

 

(13)

(12)

 

27

 

(51)

 

(97)

 

(133)

 

Total

 

(64)

 

(48)

 

(112)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals included in operating income

(9)

 

(20)

 

(47)

 

(55)

 

(131)

 

Restructuring costs

 

(46)

 

(44)

 

(90)

1

 

21

 

2

 

(33)

 

(9)

 

Results related to major legal and environmental cases

 

(22)

 

3

 

(19)

 

26

 

(5)

 

(11)

 

10

 

Results on acquisitions and divestments

 

 

 

(4)

 

 

(1)

 

2

 

(3)

 

Other incidental results

 

4

 

(7)

 

(3)

(12)

 

27

 

(51)

 

(97)

 

(133)

 

Total

 

(64)

 

(48)

 

(112)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals per line item

(4)

 

(5)

 

(25)

 

(18)

 

(52)

 

Cost of sales

 

(35)

 

(10)

 

(45)

(3)

 

(9)

 

(20)

 

(34)

 

(66)

 

Selling expenses

 

(9)

 

(21)

 

(30)

(1)

 

(4)

 

(1)

 

(18)

 

(24)

 

General and administrative expenses

 

(20)

 

(10)

 

(30)

 

 

(1)

 

(8)

 

(9)

 

Research and development expenses

 

(1)

 

(2)

 

(3)

(4)

 

45

 

(4)

 

(19)

 

18

 

Other operating income/(expenses)

 

1

 

(5)

 

(4)

(12)

 

27

 

(51)

 

(97)

 

(133)

 

Total

 

(64)

 

(48)

 

(112)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation net financing expense

14

 

17

 

14

 

12

 

57

 

Financing income

 

15

 

17

 

32

(61)

 

(63)

 

(49)

 

(129)

 

(302)

 

Financing expenses

 

(57)

 

(65)

 

(122)

(47)

 

(46)

 

(35)

 

(117)

 

(245)

 

Net interest on net debt

 

(42)

 

(48)

 

(90)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other interest movements

(16)

 

(13)

 

(15)

 

(15)

 

(59)

 

Financing expenses related to pensions

 

(16)

 

(16)

 

(32)

(5)

 

(12)

 

(13)

 

(16)

 

(46)

 

Interest on provisions

 

(3)

 

(18)

 

(21)

5

 

7

 

(7)

 

7

 

12

 

Other items

 

(4)

 

 

(4)

(16)

 

(18)

 

(35)

 

(24)

 

(93)

 

Net other financing charges

 

(23)

 

(34)

 

(57)

(63)

 

(64)

 

(70)

 

(141)

 

(338)

 

Net financing expenses

 

(65)

 

(82)

 

(147)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly net income analysis

7

 

8

 

9

 

(1)

 

23

 

Results from associates and joint ventures

 

4

 

5

 

9

(16)

 

(22)

 

(18)

 

(8)

 

(64)

 

Profit attributable to non-controlling interests

 

(14)

 

(21)

 

(35)

221

 

372

 

240

 

(106)

 

727

 

Profit before tax

 

130

 

298

 

428

(73)

 

(99)

 

(74)

 

52

 

(194)

 

Income tax

 

(46)

 

(80)

 

(126)

148

 

273

 

166

 

(54)

 

533

 

Profit for the period from continuing operations

 

84

 

218

 

302

33

 

27

 

31

 

49

 

27

 

Effective tax rate (in %)

 

35

 

27

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from continuing operations (in €)

0.57

 

1.07

 

0.63

 

(0.26)

 

2.01

 

Basic

 

0.30

 

0.83

 

1.13

0.56

 

1.07

 

0.63

 

(0.26)

 

1.99

 

Diluted

 

0.30

 

0.82

 

1.12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from discontinued operations (in €)

(0.02)

 

0.07

 

 

(0.03)

 

0.03

 

Basic

 

 

0.02

 

0.02

(0.02)

 

0.07

 

 

(0.03)

 

0.03

 

Diluted

 

 

0.02

 

0.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from total operations (in €)

0.55

 

1.14

 

0.63

 

(0.29)

 

2.04

 

Basic

 

0.30

 

0.85

 

1.15

0.54

 

1.14

 

0.63

 

(0.29)

 

2.02

 

Diluted

 

0.30

 

0.84

 

1.14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares (in millions)

233.6

 

233.9

 

234.0

 

234.3

 

233.9

 

Weighted average number of shares

 

235.1

 

236.9

 

236.0

233.7

 

234.0

 

234.0

 

234.7

 

234.7

 

Number of shares at end of quarter

 

235.6

 

238.2

 

238.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted earnings (in € millions)

221

 

372

 

240

 

(106)

 

727

 

Profit before tax from continuing operations

 

130

 

298

 

428

12

 

(27)

 

51

 

97

 

133

 

Incidentals reported in operating income

 

64

 

48

 

112

40

 

40

 

41

 

49

 

170

 

Amortization of intangible assets

 

46

 

47

 

93

(88)

 

(107)

 

(100)

 

9

 

(286)

 

Adjusted income tax

 

(78)

 

(106)

 

(184)

(16)

 

(22)

 

(18)

 

(8)

 

(64)

 

Non-controlling interests

 

(14)

 

(21)

 

(35)

169

 

256

 

214

 

41

 

680

 

Adjusted net income for continuing operations

 

148

 

266

 

414

0.72

 

1.09

 

0.91

 

0.17

 

2.91

 

Adjusted earnings per share (in €)

 

0.63

 

1.12

 

1.75

Copyright © 2012 Akzo Nobel N.V.