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Outlook and 2015 targets


The economic environment remains challenging and we do not expect an early improvement in the trends faced in our end-user market segments. Restructuring charges in the fourth quarter are estimated at around €160 million. This means that full-year operating income before incidental items is unlikely to exceed €908 million. The acceleration of the performance improvement program and the strategic priorities announced in February are the right focus to have in these markets:

  • Achieve ROI% at 14.0 percent by 2015
  • Achieve ROS% at 9.0 percent by 2015
  • Maintain net debt/EBITDA lower than 2.0 by 2015
  • Increase revenue from downstream eco-premium solutions to 20 percent of our revenues in 2020
  • Reduce our carbon emissions through the value chain by 25 to 30 percent per ton by 2020 (base 2012)
  • Improve resource efficiency across the full value chain

Amsterdam, October 21, 2013
The Board of Management

Copyright © 2013 Akzo Nobel N.V.