Our results at a glance

Q2:

• Volumes up 1 percent, driven by Decorative Paints and Performance Coatings
• Revenue down 6 percent, mainly due to adverse currencies
• EBIT (operating income excluding incidental items) up 9 percent at €491 million (2015: €452 million), reflecting continuous improvement initiatives and lower costs, partly offset by adverse currency effects
• Operating income up 1 percent at €491 million (2015: €486 million**)
• ROS* improved to 13.2 percent (2015: 11.4 percent);
  ROI* improved to 15.1 percent (2015: 12.2 percent).
  ROS and ROI improved for all Business Areas
• Net income attributable to shareholders at €312 million (2015: €331 million, which included positive incidental items**)
• Adjusted EPS up 2 percent at €1.32 (2015: €1.30)
• Net cash inflow from operating activities up at €453 million (2015: €407 million)
  
  
• Launched €500 million 10 year bond at a coupon of 1.125 percent in April 2016
• Further de-risking of pension liabilities

Outlook:

• The market environment remains uncertain with challenging conditions in several countries and segments. Deflationary pressures and currency headwinds are expected to continue