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Financial highlights


Revenue increased by 13 percent, driven by 8 percent higher volumes and an 8 percent favorable currency impact. EBITDA was 21 percent higher at €614 million (2009: €506 million). We have reached our 14 percent EBITDA margin target, achieving 15.7 percent (2009: 14.7 percent) in the second quarter, 14.2 percent year-to-date (2009: 12.2 percent) and 14.0 percent over the last 12 months.

2ND QUARTER

 

 

IN € MILLIONS

JANUARY - JUNE

 

2010

20091

Δ%

 

 

2010

20091

Δ%

1

Restated for comparative presentation.

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations before incidentals

 

 

 

3,907

3,450

13

 

Revenue

7,153

6,515

10

614

506

21

 

EBITDA

1,013

795

27

15.7

14.7

 

 

EBITDA margin (in %)

14.2

12.2

 

466

366

27

 

EBIT

724

516

40

11.9

10.6

 

 

EBIT margin (in %)

10.1

7.9

 

 

 

 

 

Moving average ROI (in %)

10.8

8.5

 

 

 

 

 

 

 

 

 

 

 

 

 

After incidentals

 

 

 

455

311

46

 

Operating income

679

421

61

247

141

 

 

Net income from continuing operations

317

127

 

26

14

 

 

Net income from discontinued operations

37

21

 

273

155

 

 

Net income total operations

354

148

 

1.06

0.61

 

 

Earnings per share from continuing operations (in €)

1.36

0.55

 

1.17

0.67

 

 

Earnings per share from total operations (in €)

1.52

0.64

 

 

 

 

 

 

 

 

 

130

127

 

 

Capital expenditures

227

223

 

391

309

 

 

Net cash from operating activities

(134)

(8)

 

 

 

 

 

Interest coverage

3.4

2.2

 

 

 

 

 

Invested capital

13,285

12,641

 

 

 

 

 

Net debt

2,339

2,584

 

 

 

 

 

Number of employees

55,480

56,540

 

Copyright © 2010 Akzo Nobel N.V.