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Financial highlights


Revenue was down 5 percent, mainly due to adverse currency effects and divestments. Operating income was significantly higher than the previous year at €303 million, mainly driven by lower restructuring charges and higher volumes. The performance improvement program is on track with estimated €160 million restructuring charges in Q4. Cash from operating activities was €552 million (2012: €460 million), mainly due to higher operating income and lower payments from provisions.

Summary of financial outcomes

3rd quarter

 

 

 

 

 

January - September

2012

 

2013

 

Δ%

 

in € millions

 

2012

 

2013

 

Δ%

3,966

 

3,778

 

(5)

 

Revenue

 

11,717

 

11,108

 

(5)

248

 

303

 

22

 

Operating income (excluding impairment)

 

872

 

842

 

(3)

6.3

 

8.0

 

 

 

ROS% (excluding impairment)

 

7.4

 

7.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Invested capital

 

10,414

 

9,842

 

 

 

 

 

 

 

 

Moving average ROI (in %)

 

8.0

 

8.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

428

 

456

 

7

 

EBITDA

 

1,392

 

1,305

 

(6)

195

 

133

 

 

 

Capital expenditures

 

496

 

432

 

 

460

 

552

 

 

 

Net cash from operating activities

 

107

 

407

 

 

 

 

 

 

 

 

Net debt

 

2,597

 

1,817

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

130

 

154

 

18

 

Net income from continuing operations (excluding impairment)

 

455

 

558

 

23

(20)

 

1

 

 

 

Net income from discontinued operations (excluding impairment)

 

(42)

 

115

 

 

110

 

155

 

41

 

Net income attributable to shareholders (excluding impairment)

 

413

 

673

 

63

(2,368)

 

155

 

 

 

Net income attributable to shareholders (including impairment)

 

(2,065)

 

673

 

 

(9.94)

 

0.64

 

 

 

Earnings per share from total operations (in €)

 

(8.66)

 

2.79

 

 

0.74

 

0.74

 

 

 

Adjusted earnings per share (in €)

 

2.45

 

2.63

 

 

 

 

 

 

 

 

Number of employees

 

52,310

 

50,420

 

 

Copyright © 2013 Akzo Nobel N.V.