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Operating income


In Q3 2012, the ongoing businesses of Decorative Paints recorded a goodwill impairment of €2,106 million. An amount of €372 million was recorded for the Decorative Paints business in North America in results from discontinued operations. In this report, impairments from the 2012 numbers are excluded from operating income to present comparable financial outcomes.

  • In Decorative Paints, restructuring costs were below the previous year, resulting in operating income of €107 million, more than double Q3 2012 (€48 million excluding impairment)
  • In Performance Coatings, operating income improved due to lower restructuring costs in 2013 compared with the previous year
  • In Specialty Chemicals, operating income in the quarter was lower mainly due to restructuring costs in Functional Chemicals

Average raw material costs are expected to be stable in the remainder of the year.

Operating income (excluding impairment)

3rd quarter

 

 

 

 

 

January - September

2012

 

2013

 

Δ%

 

in € millions

 

2012

 

2013

 

Δ%

48

 

107

 

123

 

Decorative Paints

 

185

 

252

 

36

130

 

160

 

23

 

Performance Coatings

 

428

 

452

 

6

133

 

107

 

(20)

 

Specialty Chemicals

 

427

 

327

 

(23)

(63)

 

(71)

 

 

 

Other activities/eliminations

 

(168)

 

(189)

 

 

248

 

303

 

22

 

Total

 

872

 

842

 

(3)

Copyright © 2013 Akzo Nobel N.V.