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Quarterly statistics


 

2010

 

 

 

 

2011

 

Q1

Q2

Q3

Q4

year

in € millions

Q1

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

1,056

1,401

1,372

1,139

4,968

Decorative Paints

1,196

 

1,049

1,260

1,239

1,238

4,786

Performance Coatings

1,237

 

1,154

1,258

1,272

1,259

4,943

Specialty Chemicals

1,351

 

(13)

(12)

(16)

(16)

(57)

Other activities/eliminations

(22)

 

3,246

3,907

3,867

3,620

14,640

Total

3,762

 

 

 

 

 

 

 

 

 

EBITDA

 

 

 

 

 

 

82

205

198

63

548

Decorative Paints

90

 

143

191

166

147

647

Performance Coatings

143

 

207

257

254

221

939

Specialty Chemicals

241

 

(33)

(39)

(44)

(54)

(170)

Other activities/eliminations

(37)

 

399

614

574

377

1,964

Total

437

 

 

 

 

 

 

 

 

 

12.3

15.7

14.8

10.4

13.4

EBITDA margin (in %)

11.6

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

(29)

(32)

(31)

(32)

(124)

Decorative Paints

(30)

 

(19)

(21)

(20)

(21)

(81)

Performance Coatings

(21)

 

(52)

(53)

(54)

(55)

(214)

Specialty Chemicals

(55)

 

(5)

(4)

(2)

(5)

(16)

Other activities/eliminations

(2)

 

(105)

(110)

(107)

(113)

(435)

Total

(108)

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

(19)

(20)

(19)

(23)

(81)

Decorative Paints

(21)

 

(6)

(7)

(6)

(7)

(26)

Performance Coatings

(7)

 

(11)

(12)

(12)

(11)

(46)

Specialty Chemicals

(12)

 

1

(2)

(1)

(2)

Other activities/eliminations

 

(36)

(38)

(39)

(42)

(155)

Total

(40)

 

 

 

 

 

 

 

 

 

EBIT

 

 

 

 

 

 

34

153

148

8

343

Decorative Paints

39

 

118

163

140

119

540

Performance Coatings

115

 

144

192

188

155

679

Specialty Chemicals

174

 

(38)

(42)

(48)

(60)

(188)

Other activities/eliminations

(39)

 

258

466

428

222

1,374

Total

289

 

 

 

 

 

 

 

 

 

7.9

11.9

11.1

6.1

9.4

EBIT margin (in %)

7.7

 

 

 

 

 

 

 

 

 

Operating income

 

 

 

 

 

19

146

136

(26)

275

Decorative Paints

37

 

101

153

129

104

487

Performance Coatings

106

 

126

195

164

119

604

Specialty Chemicals

173

 

(22)

(39)

(48)

(38)

(147)

Other activities/eliminations

(39)

 

224

455

381

159

1,219

Total

277

 

 

 

 

 

 

 

 

 

Incidentals per Business Area

 

 

 

 

(15)

(7)

(12)

(34)

(68)

Decorative Paints

(2)

 

(17)

(10)

(11)

(15)

(53)

Performance Coatings

(9)

 

(18)

3

(24)

(36)

(75)

Specialty Chemicals

(1)

 

16

3

22

41

Other activities/eliminations

 

(34)

(11)

(47)

(63)

(155)

Total

(12)

 

 

 

 

 

 

 

 

 

Incidentals included in operating income

 

 

 

(17)

(21)

(53)

(29)

(120)

Restructuring costs

(9)

 

(9)

8

(48)

(49)

Results related to major legal, antitrust and environmental cases

1

 

1

1

15

16

33

Results on acquisitions and divestments

 

(9)

1

(9)

(2)

(19)

Other incidental results

(4)

 

(34)

(11)

(47)

(63)

(155)

Total

(12)

 

 

 

 

 

 

 

 

 

Incidentals per line item

 

 

 

(16)

(20)

(37)

(53)

(126)

Cost of sales

(4)

 

(5)

(3)

(7)

(28)

(43)

Selling expenses

(3)

 

(7)

1

(3)

(4)

(13)

General and administrative expenses

(1)

 

(2)

1

(1)

Research and development expenses

 

(6)

11

2

21

28

Other operating income/(expenses)

(4)

 

(34)

(11)

(47)

(63)

(155)

Total

(12)

 

 

 

 

 

 

 

 

 

Reconciliation net financing expense

 

 

 

12

12

16

11

51

Financing income

14

 

(67)

(72)

(53)

(48)

(240)

Financing expenses

(61)

 

(55)

(60)

(37)

(37)

(189)

Net interest on net debt

(47)

 

 

 

 

 

 

Other interest movements

 

 

(25)

(26)

(26)

(23)

(100)

Financing expenses related to pensions

(16)

 

(8)

(29)

(6)

4

(39)

Interest on provisions

(5)

 

2

(1)

1

Other items

5

 

(33)

(53)

(33)

(19)

(138)

Net other financing charges

(16)

 

(88)

(113)

(70)

(56)

(327)

Net financing expenses

(63)

 

 

 

 

 

 

 

 

 

Quarterly net income analysis

 

 

 

5

7

9

4

25

Results from associates and joint ventures

7

 

(18)

(26)

(22)

(17)

(83)

Profit attributable to non-controlling interests

(16)

 

141

349

320

107

917

Profit before tax

221

 

(53)

(76)

(81)

40

(170)

Income tax

(73)

 

88

273

239

147

747

Profit for the period from continuing operations

148

 

38

22

25

(37)

19

Effective tax rate (in %)

33

 

 

 

 

 

 

 

 

 

Earnings per share from continuing operations (in €)

 

 

0.30

1.06

0.93

0.55

2.85

Basic

0.57

 

0.30

1.05

0.92

0.55

2.83

Diluted

0.56

 

 

 

 

 

 

 

 

 

Earnings per share from discontinued operations (in €)

 

 

0.05

0.11

0.09

0.14

0.38

Basic

(0.02)

 

0.05

0.11

0.09

0.14

0.38

Diluted

(0.02)

 

 

 

 

 

 

 

 

 

Earnings per share from total operations (in €)

 

 

 

0.35

1.17

1.02

0.69

3.23

Basic

0.55

 

0.35

1.16

1.01

0.69

3.21

Diluted

0.54

 

 

 

 

 

 

 

 

 

Number of shares (in millions)

 

 

 

232.7

233.3

233.4

233.5

233.2

Weighted average number of shares

233.6

 

233.2

233.4

233.5

233.5

233.5

Number of shares at end of quarter

233.7

 

 

 

 

 

 

 

 

 

Adjusted earnings (in € millions)

 

 

 

141

349

320

107

917

Profit before tax from continuing operations

221

 

34

11

47

63

155

Incidentals reported in operating income

12

 

36

38

39

42

155

Amortization of intangible assets

40

 

(71)

(97)

(107)

(4)

(279)

Adjusted income tax

(88)

 

(18)

(26)

(22)

(17)

(83)

Non-controlling interests

(16)

 

122

275

277

191

865

Adjusted net income for continuing operations

169

 

0.52

1.18

1.19

0.82

3.71

Adjusted earnings per share (in €)

0.72

Copyright © 2011 Akzo Nobel N.V.