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Financial highlights


Revenue was up 8 percent driven by pricing actions to offset higher raw material costs and by favorable currency effects. Volumes were down 2 percent, primarily due to the economic slowdown in Europe. The EBITDA margin was 13.5 percent (2011: 13.4 percent). The performance improvement program is making good progress.

Continuing operations before incidentals

2nd quarter

 

 

 

 

 

 

 

January - June

2011

 

2012

 

Δ%

 

in € millions

 

2011

 

2012

 

Δ%

4,097

 

4,406

 

8

 

Revenue

 

7,859

 

8,378

 

7

551

 

593

 

8

 

EBITDA

 

988

 

1,016

 

3

13.4

 

13.5

 

 

 

EBITDA margin (in %)

 

12.6

 

12.1

 

 

401

 

423

 

5

 

EBIT

 

690

 

678

 

(2)

9.8

 

9.6

 

 

 

EBIT margin (in %)

 

8.8

 

8.1

 

 

 

 

 

 

 

 

Moving average ROI (in %)

 

10.4

 

8.3

 

 

 

 

 

 

 

 

Operating ROI (in %)

 

26.2

 

20.2

 

 

1.09

 

1.12

 

 

 

Adjusted earnings per share (in €)

 

1.82

 

1.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations after incidentals

2nd quarter

 

 

 

 

 

 

 

January - June

2011

 

2012

 

Δ%

 

in € millions

 

2011

 

2012

 

Δ%

428

 

375

 

(12)

 

Operating income

 

705

 

566

 

(20)

251

 

197

 

 

 

Net income from continuing operations

 

383

 

267

 

 

17

 

4

 

 

 

Net income from discontinued operations

 

13

 

5

 

 

268

 

201

 

 

 

Net income total operations

 

396

 

272

 

 

1.07

 

0.83

 

 

 

Earnings per share from continuing operations (in €)

 

1.64

 

1.13

 

 

1.14

 

0.85

 

 

 

Earnings per share from total operations (in €)

 

1.69

 

1.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

164

 

173

 

 

 

Capital expenditures

 

294

 

316

 

 

165

 

401

 

 

 

Net cash from operating activities

 

(354)

 

(360)

 

 

 

 

 

 

 

 

Interest coverage

 

7.6

 

6.3

 

 

 

 

 

 

 

 

Invested capital

 

13,115

 

14,813

 

 

 

 

 

 

 

 

Net debt

 

1,808

 

2,844

 

 

 

 

 

 

 

 

Number of employees

 

56,410

 

57,580

 

 

Copyright © 2012 Akzo Nobel N.V.