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EBITDA


EBITDA amounted to €614 million, 21 percent above 2009, with the EBITDA margin at 15.7 percent (2009: 14.7 percent). The one year rolling EBITDA margin increased to 14.0 percent.

  • During the course of the quarter, Decorative Paints experienced raw material shortages mainly in North America, which negatively impacted both our revenue and margins. In high growth markets, we continued to invest in our brands and distribution. Compared with the previous year, EBITDA improved 20 percent to €205 million (in constant currencies: 13 percent). The EBITDA margin was 14.6 percent (2009: 13.2 percent).
  • In Performance Coatings, EBITDA of €191 million was 15 percent higher (in constant currencies: 5 percent). The EBITDA margin was 15.2 percent (2009: 15.6 percent), due to the impact of higher raw material prices. Last year’s restructuring efforts continue to support performance.
  • The margins in Specialty Chemicals held firm under increasing pressure in the market, with operating costs well under control. EBITDA was €257 million, 28 percent above last year (in constant currencies: 20 percent). The EBITDA margin improved to 20.4 percent (2009: 18.2 percent).

2ND QUARTER

 

 

IN € MILLIONS

JANUARY - JUNE

 

2010

2009

Δ%

 

 

2010

2009

Δ%

 

 

 

 

 

 

 

 

205

171

20

 

Decorative Paints

287

219

31

191

166

15

 

Performance Coatings

334

271

23

257

201

28

 

Specialty Chemicals

464

352

32

(39)

(32)

 

 

Other activities/eliminations

(72)

(47)

 

 

 

 

 

 

 

 

 

614

506

21

 

Total

1,013

795

27

Copyright © 2010 Akzo Nobel N.V.