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EBITDA


EBITDA amounted to €574 million, 9 percent above 2009, with the EBITDA margin at 14.8 percent (2009: 15.4 percent).

  • In Decorative Paints, EBITDA was flat at €198 million, with a significant contribution from high growth markets being offset by volume declines in Europe, increased investments in advertising and promotion and higher raw material costs. The EBITDA margin was 14.4 percent (2009: 15.6 percent).
  • In Performance Coatings, some of our raw materials have had significant cost increases in the quarter. To mitigate these, our margin management programs are ongoing and restructuring efforts continue to support performance. EBITDA was €166 million, with an EBITDA margin of 13.4 percent (2009: 16.1 percent).
  • EBITDA in Specialty Chemicals improved, as we were able to offset increasing feedstock costs by successful margin management. In addition, the operational efficiency actions of 2009 have favorably impacted our cost base, thus the overall cost growth was limited. As a result, EBITDA was 29 percent above last year. The EBITDA margin improved to 20.0 percent (2009: 17.8 percent).

 

3RD QUARTER

 

 

IN € MILLIONS

JANUARY - SEPTEMBER

 

 

2010

2009

Δ%

 

 

2010

2009

Δ%

 

 

 

 

 

 

 

 

 

 

198

198

 

Decorative Paints

485

417

16

 

166

169

(2)

 

Performance Coatings

500

440

14

 

254

197

29

 

Specialty Chemicals

718

549

31

 

(44)

(36)

 

 

Other activities/eliminations

(116)

(83)

 

 

 

 

 

 

 

 

 

 

 

574

528

9

 

Total

1,587

1,323

20

Copyright © 2010 Akzo Nobel N.V.