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Selected Keyword: ‘ICI Acquisition’

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In € millions Note 20081 2009 1 Restated for comparative presentation. Continuing operations Revenue 15,415 13,893 Cost of sales (9,796) (8,431) Gross profit 5,619 5,462 Selling expenses (3,387) (3,2
‘The biggest challenge we faced in Specialty Chemicals in 2009 was how to respond to the sudden change in the world economy and the impact it had on the chemicals industry. The shift from record pace
Financial risks External Risk: Contribution to pension funds – Top five risk Various external developments may affect assets and liabilities of pension funds, causing higher post-retirement charges a
The Supervisory Board hereby submits to shareholders the financial statements and the report of the Board of Management of Akzo Nobel N.V. for the financial year 2009, as prepared by the Board of Man
Chemicals Pakistan is part of AkzoNobel’s 75.8 percent stake in ICI Pakistan Limited, a listed company in Pakistan (the company’s stake in Pakistan PTA Limited was divested during 2009). The company
‘AkzoNobel’s Performance Coatings activities entered 2009 surrounded by uncertainty, having experienced a rapid decline in sales volumes across most sectors during the last quarter of 2008. The focus
'There can be no doubt that 2009 was a challenging year for AkzoNobel Decorative Paints, following the exciting and historic events of 2008. The ongoing integration activities and tough business clim
We are on track to deliver on the promises we made with regard to the ICI synergies, which have become more aggressive in terms of size and timing, as shown in the box below. What we said in Where we
Restructuring costs Major restructuring projects in Decorative Paints during 2009 were related to supply chain and integration projects in Europe, Canada and Latin America, and to closing stores in t
In € millions Goodwill Brands Customer lists Other intangibles Total 1 Mainly ICI. 2 Accumulated amortization/impairment includes €1,275 million impairment recorded on ICI intangibles in 2008. Balanc
In 2009, we completed several acquisitions and divestments: In Decorative Paints, we acquired two distributors in Continental Europe. In Performance Coatings, we divested Chemcraft Brazil and the non
Incidental gains and losses included in operating income In € millions 2008 2009 Restructuring costs (275) (353) Costs of pensions and other post-retirement benefits (38) 58 Results on acquisiti
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