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Financial highlights


Revenue was up 6 percent, mainly due to favorable currency effects. Volumes were down 3 percent, primarily due to the economic slowdown in Europe. EBITDA was 7 percent up at €540 million (2011: €507 million). While we are reporting a solid set of results in the quarter, we recorded an impairment of €2.5 billion in Decorative Paints, mainly in mature markets. The performance improvement program is on track.

Continuing operations before incidentals

3rd quarter

 

 

 

 

 

January - September

2011

 

2012

 

Δ%

 

in € millions

 

2011

 

2012

 

Δ%

4,051

 

4,280

 

6

 

Revenue

 

11,910

 

12,658

 

6

507

 

540

 

7

 

EBITDA

 

1,495

 

1,556

 

4

12.5

 

12.6

 

 

 

EBITDA margin (in %)

 

12.6

 

12.3

 

 

352

 

368

 

5

 

EBIT

 

1,042

 

1,046

 

8.7

 

8.6

 

 

 

EBIT margin (in %)

 

8.7

 

8.3

 

 

 

 

 

 

 

 

Moving average ROI (in %)

 

9.7

 

8.3

 

 

 

 

 

 

 

 

Operating ROI (in %)

 

24.4

 

19.6

 

 

0.91

 

1.01

 

 

 

Adjusted earnings per share (in €)

 

2.73

 

2.76

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations after incidentals

3rd quarter

 

 

 

 

 

January - September

2011

 

2012

 

Δ%

 

in € millions

 

2011

 

2012

 

Δ%

301

 

(2,233)

 

 

 

Operating income

 

1,006

 

(1,667)

 

 

148

 

(2,360)

 

 

 

Net income/(loss) from continuing operations

 

531

 

(2,093)

 

 

1

 

(22)

 

 

 

Net income/(loss) from discontinued operations

 

14

 

(17)

 

 

149

 

(2,382)

 

 

 

Net income/(loss) total operations

 

545

 

(2,110)

 

 

0.63

 

(9.91)

 

 

 

Earnings per share from continuing operations (in €)

 

2.27

 

(8.84)

 

 

0.63

 

(10.00)

 

 

 

Earnings per share from total operations (in €)

 

2.33

 

(8.91)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

158

 

198

 

 

 

Capital expenditures

 

452

 

514

 

 

409

 

480

 

 

 

Net cash from operating activities

 

55

 

120

 

 

 

 

 

 

 

 

Invested capital

 

13,194

 

12,076

 

 

 

 

 

 

 

 

Net debt

 

1,595

 

2,597

 

 

 

 

 

 

 

 

Number of employees

 

56,350

 

57,050

 

 

Copyright © 2012 Akzo Nobel N.V.