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EBITDA


EBITDA was 8 percent higher at €593 million. The EBITDA margin was 13.5 percent (2011: 13.4 percent).

  • In Decorative Paints, EBITDA was down 8 percent, reflecting weaker European market conditions. Restructuring continues in mature markets, particularly in Europe.
  • In Performance Coatings, margin management initiatives are ongoing in response to continued raw material price increases. In mature markets, where activity levels are lower, there is a greater focus on cost control and restructuring activity.
  • All businesses in Specialty Chemicals performed strongly and earnings and margins increased compared with 2011, except for Functional Chemicals, which remained impacted by the supply/demand imbalance in Ethylene Amines.

2nd quarter

 

 

 

 

 

 

 

January - June

2011

 

2012

 

Δ%

 

in € millions

 

2011

 

2012

 

Δ%

191

 

175

 

(8)

 

Decorative Paints

 

281

 

251

 

(11)

170

 

213

 

25

 

Performance Coatings

 

313

 

377

 

20

220

 

255

 

16

 

Specialty Chemicals

 

461

 

490

 

6

(30)

 

(50)

 

 

 

Other activities/eliminations

 

(67)

 

(102)

 

 

551

 

593

 

8

 

Total

 

988

 

1,016

 

3

Copyright © 2012 Akzo Nobel N.V.