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Net debt

Net debt increased from €936 million at year-end 2010 to €1,578 million at the end of Q1, mainly due to:

  • Operating cash outflows of €519 million and
  • Capital expenditures of €130 million.

A bond totaling €539 million will mature in June 2011 and is recorded under short-term borrowings.

Copyright © 2011 Akzo Nobel N.V.