Change
Tools:
Print this page Compare to last year's report

Quarterly statistics


2011

 

 

 

 

 

 

 

 

 

 

 

2012

Q1

 

Q2

 

Q3

 

Q4

 

year

 

in € millions

 

Q1

 

Q2

 

Q3

 

Q4

 

year-to-
date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

918

 

1,165

 

1,153

 

965

 

4,201

 

Decorative Paints

 

974

 

1,187

 

1,141

 

995

 

4,297

1,237

 

1,312

 

1,295

 

1,326

 

5,170

 

Performance Coatings

 

1,369

 

1,472

 

1,467

 

1,394

 

5,702

1,351

 

1,350

 

1,349

 

1,285

 

5,335

 

Specialty Chemicals

 

1,399

 

1,431

 

1,393

 

1,320

 

5,543

(22)

 

(25)

 

(28)

 

(27)

 

(102)

 

Other activities/eliminations

 

(35)

 

(46)

 

(35)

 

(36)

 

(152)

3,484

 

3,802

 

3,769

 

3,549

 

14,604

 

Total

 

3,707

 

4,044

 

3,966

 

3,673

 

15,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBITDA

79

 

184

 

155

 

61

 

479

 

Decorative Paints

 

90

 

158

 

130

 

47

 

425

143

 

170

 

157

 

141

 

611

 

Performance Coatings

 

164

 

213

 

202

 

190

 

769

241

 

220

 

238

 

207

 

906

 

Specialty Chemicals

 

235

 

255

 

227

 

172

 

889

(37)

 

(33)

 

(35)

 

(57)

 

(162)

 

Other activities/eliminations

 

(51)

 

(49)

 

(36)

 

(46)

 

(182)

426

 

541

 

515

 

352

 

1,834

 

Total

 

438

 

577

 

523

 

363

 

1,901

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.2

 

14.2

 

13.7

 

9.9

 

12.6

 

EBITDA margin (in %)

 

11.8

 

14.3

 

13.2

 

9.9

 

12.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

(22)

 

(23)

 

(22)

 

(24)

 

(91)

 

Decorative Paints

 

(27)

 

(26)

 

(26)

 

(27)

 

(106)

(21)

 

(21)

 

(21)

 

(23)

 

(86)

 

Performance Coatings

 

(23)

 

(25)

 

(23)

 

(24)

 

(95)

(55)

 

(57)

 

(56)

 

(60)

 

(228)

 

Specialty Chemicals

 

(61)

 

(63)

 

(62)

 

(65)

 

(251)

(3)

 

(1)

 

(5)

 

(5)

 

(14)

 

Other activities/eliminations

 

(3)

 

(1)

 

(4)

 

(3)

 

(11)

(101)

 

(102)

 

(104)

 

(112)

 

(419)

 

Total

 

(114)

 

(115)

 

(115)

 

(119)

 

(463)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

(15)

 

(14)

 

(14)

 

(18)

 

(61)

 

Decorative Paints

 

(16)

 

(17)

 

(18)

 

(19)

 

(70)

(7)

 

(7)

 

(7)

 

(9)

 

(30)

 

Performance Coatings

 

(9)

 

(8)

 

(10)

 

(9)

 

(36)

(12)

 

(12)

 

(13)

 

(16)

 

(53)

 

Specialty Chemicals

 

(13)

 

(15)

 

(13)

 

(14)

 

(55)

 

 

(1)

 

1

 

 

Other activities/eliminations

 

(1)

 

 

 

 

(1)

(34)

 

(33)

 

(35)

 

(42)

 

(144)

 

Total

 

(39)

 

(40)

 

(41)

 

(42)

 

(162)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBIT

42

 

147

 

119

 

19

 

327

 

Decorative Paints

 

47

 

115

 

86

 

1

 

249

115

 

142

 

129

 

109

 

495

 

Performance Coatings

 

132

 

180

 

169

 

157

 

638

174

 

151

 

169

 

131

 

625

 

Specialty Chemicals

 

161

 

177

 

152

 

93

 

583

(40)

 

(34)

 

(41)

 

(61)

 

(176)

 

Other activities/eliminations

 

(55)

 

(50)

 

(40)

 

(49)

 

(194)

291

 

406

 

376

 

198

 

1,271

 

Total

 

285

 

422

 

367

 

202

 

1,276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.4

 

10.7

 

10.0

 

5.6

 

8.7

 

EBIT margin (in %)

 

7.7

 

10.4

 

9.3

 

5.5

 

8.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

41

 

142

 

82

 

(30)

 

235

 

Decorative Paints

 

25

 

112

 

(2,058)

 

(91)

 

(2,012)

106

 

155

 

114

 

83

 

458

 

Performance Coatings

 

127

 

171

 

130

 

114

 

542

173

 

147

 

169

 

133

 

622

 

Specialty Chemicals

 

140

 

154

 

133

 

73

 

500

(40)

 

(12)

 

(39)

 

(79)

 

(170)

 

Other activities/eliminations

 

(59)

 

(59)

 

(67)

 

(89)

 

(274)

280

 

432

 

326

 

107

 

1,145

 

Total

 

233

 

378

 

(1,862)

 

7

 

(1,244)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.0

 

11.4

 

8.6

 

3.0

 

7.8

 

ROS% before impairment

 

6.3

 

9.3

 

6.2

 

0.2

 

5.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals per Business Area

(1)

 

(5)

 

(37)

 

(49)

 

(92)

 

Decorative Paints

 

(22)

 

(3)

 

(2,144)

 

(92)

 

(2,261)

(9)

 

13

 

(15)

 

(26)

 

(37)

 

Performance Coatings

 

(5)

 

(9)

 

(39)

 

(43)

 

(96)

(1)

 

(4)

 

 

2

 

(3)

 

Specialty Chemicals

 

(21)

 

(23)

 

(19)

 

(20)

 

(83)

 

22

 

2

 

(18)

 

6

 

Other activities/eliminations

 

(4)

 

(9)

 

(27)

 

(40)

 

(80)

(11)

 

26

 

(50)

 

(91)

 

(126)

 

Total

 

(52)

 

(44)

 

(2,229)

 

(195)

 

(2,520)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals included in operating income

(8)

 

(20)

 

(47)

 

(54)

 

(129)

 

Restructuring costs

 

(33)

 

(43)

 

(100)

 

(148)

 

(324)

 

 

 

 

 

Impairment

 

 

 

(2,106)

 

 

(2,106)

1

 

21

 

2

 

(33)

 

(9)

 

Results related to major legal and environmental cases

 

(22)

 

3

 

(5)

 

(12)

 

(36)

 

26

 

(5)

 

(11)

 

10

 

Results on acquisitions and divestments

 

 

(5)

 

(6)

 

(34)

 

(45)

(4)

 

(1)

 

 

7

 

2

 

Other incidental results

 

3

 

1

 

(12)

 

(1)

 

(9)

(11)

 

26

 

(50)

 

(91)

 

(126)

 

Total

 

(52)

 

(44)

 

(2,229)

 

(195)

 

(2,520)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incidentals per line item

(4)

 

(5)

 

(23)

 

(18)

 

(50)

 

Cost of sales

 

(34)

 

(11)

 

(20)

 

(53)

 

(118)

 

 

 

 

 

Impairment

 

 

 

(2,106)

 

 

(2,106)

(3)

 

(9)

 

(20)

 

(32)

 

(64)

 

Selling expenses

 

(6)

 

(21)

 

(51)

 

(57)

 

(135)

(1)

 

(4)

 

(1)

 

(18)

 

(24)

 

General and administrative expenses

 

(10)

 

(10)

 

(21)

 

(52)

 

(93)

 

 

(1)

 

(8)

 

(9)

 

Research and development expenses

 

(1)

 

(2)

 

(5)

 

(4)

 

(12)

(3)

 

44

 

(5)

 

(15)

 

21

 

Other operating income/(expenses)

 

(1)

 

 

(26)

 

(29)

 

(56)

(11)

 

26

 

(50)

 

(91)

 

(126)

 

Total

 

(52)

 

(44)

 

(2,229)

 

(195)

 

(2,520)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation net financing expense

14

 

17

 

14

 

12

 

57

 

Financing income

 

15

 

17

 

16

 

11

 

59

(61)

 

(59)

 

(57)

 

(125)

 

(302)

 

Financing expenses

 

(57)

 

(65)

 

(58)

 

(59)

 

(239)

(47)

 

(42)

 

(43)

 

(113)

 

(245)

 

Net interest on net debt

 

(42)

 

(48)

 

(42)

 

(48)

 

(180)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other interest movements

(15)

 

(13)

 

(14)

 

(15)

 

(57)

 

Financing expenses related to pensions

 

(16)

 

(16)

 

(16)

 

(17)

 

(65)

(5)

 

(12)

 

(13)

 

(16)

 

(46)

 

Interest on provisions

 

(3)

 

(18)

 

(9)

 

1

 

(29)

5

 

3

 

1

 

3

 

12

 

Other items

 

(4)

 

 

1

 

10

 

7

(15)

 

(22)

 

(26)

 

(28)

 

(91)

 

Net other financing charges

 

(23)

 

(34)

 

(24)

 

(6)

 

(87)

(62)

 

(64)

 

(69)

 

(141)

 

(336)

 

Net financing expenses

 

(65)

 

(82)

 

(66)

 

(54)

 

(267)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly net income analysis

7

 

8

 

9

 

 

24

 

Results from associates and joint ventures

 

4

 

5

 

5

 

(1)

 

13

(15)

 

(22)

 

(20)

 

(7)

 

(64)

 

Profit attributable to
non-controlling interests

 

(14)

 

(22)

 

(9)

 

(18)

 

(63)

225

 

376

 

266

 

(34)

 

833

 

Profit before tax

 

172

 

301

 

(1,923)

 

(48)

 

(1,498)

(75)

 

(102)

 

(81)

 

25

 

(233)

 

Income tax

 

(61)

 

(82)

 

(58)

 

29

 

(172)

150

 

274

 

185

 

(9)

 

600

 

Profit for the period from continuing operations

 

111

 

219

 

(1,981)

 

(19)

 

(1,670)

33

 

27

 

30

 

74

 

28

 

Effective tax rate (in %)

 

35

 

27

 

(3)

 

60

 

(11)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from continuing operations (in €)

0.58

 

1.08

 

0.71

 

(0.07)

 

2.29

 

Basic

 

0.41

 

0.83

 

(8.35)

 

(0.16)

 

(7.30)

0.57

 

1.07

 

0.70

 

(0.07)

 

2.27

 

Diluted

 

0.41

 

0.82

 

(8.35)

 

(0.16)

 

(7.30)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from discontinued operations (in €)

(0.03)

 

0.07

 

(0.07)

 

(0.22)

 

(0.25)

 

Basic

 

(0.11)

 

0.02

 

(1.65)

 

(0.09)

 

(1.84)

(0.03)

 

0.07

 

(0.07)

 

(0.22)

 

(0.25)

 

Diluted

 

(0.11)

 

0.02

 

(1.65)

 

(0.09)

 

(1.84)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share from total operations (in €)

0.55

 

1.15

 

0.64

 

(0.29)

 

2.04

 

Basic

 

0.30

 

0.85

 

(10.00)

 

(0.25)

 

(9.14)

0.54

 

1.14

 

0.63

 

(0.29)

 

2.02

 

Diluted

 

0.30

 

0.84

 

(10.00)

 

(0.25)

 

(9.14)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares (in millions)

233.6

 

233.9

 

234.0

 

234.3

 

233.9

 

Weighted average number of shares

 

235.1

 

236.9

 

238.2

 

238.6

 

237.2

233.7

 

234.0

 

234.0

 

234.7

 

234.7

 

Number of shares at end of quarter

 

235.6

 

238.2

 

238.2

 

239.0

 

239.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted earnings (in € millions)

225

 

376

 

266

 

(34)

 

833

 

Profit before tax from continuing operations

 

172

 

301

 

(1,923)

 

(48)

 

(1,498)

11

 

(26)

 

50

 

91

 

126

 

Incidentals reported in operating income

 

52

 

44

 

2,229

 

195

 

2,520

34

 

33

 

35

 

42

 

144

 

Amortization of intangible assets

 

39

 

40

 

41

 

42

 

162

(89)

 

(108)

 

(105)

 

(13)

 

(315)

 

Adjusted income tax

 

(87)

 

(104)

 

(104)

 

(52)

 

(347)

(15)

 

(22)

 

(20)

 

(7)

 

(64)

 

Non-controlling interests

 

(14)

 

(22)

 

(9)

 

(18)

 

(63)

166

 

253

 

226

 

79

 

724

 

Adjusted net income for continuing operations

 

162

 

259

 

234

 

119

 

774

0.71

 

1.08

 

0.97

 

0.34

 

3.10

 

Adjusted earnings per share (in €)

 

0.69

 

1.09

 

0.98

 

0.50

 

3.26

Copyright © 2013 Akzo Nobel N.V.