Quarterly statistics
Paints and Coatings (continuing operations)
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2017 |
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2018 |
Q1 |
Q2 |
Q3 |
Q4 |
year |
in € millions |
Q1 |
Q2 |
Q3 |
Q4 |
year- |
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Revenue |
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922 |
1,046 |
1,007 |
923 |
3,898 |
Decorative Paints |
846 |
1,006 |
951 |
896 |
3,699 |
1,471 |
1,504 |
1,428 |
1,372 |
5,775 |
Performance Coatings |
1,342 |
1,454 |
1,388 |
1,403 |
5,587 |
(16) |
(17) |
(16) |
(12) |
(61) |
Other activities/ eliminations |
(12) |
(14) |
(13) |
9 |
(30) |
2,377 |
2,533 |
2,419 |
2,283 |
9,612 |
Total |
2,176 |
2,446 |
2,326 |
2,308 |
9,256 |
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Adjusted EBITDA (excluding identified items) |
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109 |
152 |
124 |
87 |
472 |
Decorative Paints |
79 |
145 |
138 |
76 |
438 |
225 |
242 |
185 |
165 |
817 |
Performance Coatings |
169 |
207 |
204 |
187 |
767 |
(53) |
(28) |
(15) |
(12) |
(108) |
Other activities/ eliminations |
(39) |
(67) |
(39) |
(23) |
(168) |
281 |
366 |
294 |
240 |
1,181 |
Total |
209 |
285 |
303 |
240 |
1,037 |
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11.8 |
14.4 |
12.2 |
10.5 |
12.3 |
Adjusted EBITDA margin (in %) |
9.6 |
11.7 |
13.0 |
10.4 |
11.2 |
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Depreciation |
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(23) |
(23) |
(23) |
(22) |
(91) |
Decorative Paints |
(18) |
(18) |
(17) |
(19) |
(72) |
(25) |
(27) |
(26) |
(27) |
(105) |
Performance Coatings |
(26) |
(26) |
(24) |
(25) |
(101) |
(3) |
(1) |
(1) |
(1) |
(6) |
Other activities/ eliminations |
(2) |
(2) |
(4) |
– |
(8) |
(51) |
(51) |
(50) |
(50) |
(202) |
Total |
(46) |
(46) |
(45) |
(44) |
(181) |
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Amortization |
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(9) |
(8) |
(6) |
(7) |
(30) |
Decorative Paints |
(5) |
(4) |
(6) |
(5) |
(20) |
(13) |
(13) |
(12) |
(5) |
(43) |
Performance Coatings |
(9) |
(9) |
(10) |
(9) |
(37) |
– |
– |
(1) |
– |
(1) |
Other activities/ eliminations |
– |
(1) |
1 |
(1) |
(1) |
(22) |
(21) |
(19) |
(12) |
(74) |
Total |
(14) |
(14) |
(15) |
(15) |
(58) |
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Adjusted operating income (excluding identified items) |
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77 |
121 |
95 |
58 |
351 |
Decorative Paints |
56 |
123 |
115 |
52 |
346 |
187 |
202 |
147 |
133 |
669 |
Performance Coatings |
134 |
172 |
170 |
153 |
629 |
(56) |
(29) |
(17) |
(13) |
(115) |
Other activities/ eliminations |
(41) |
(70) |
(42) |
(24) |
(177) |
208 |
294 |
225 |
178 |
905 |
Total |
149 |
225 |
243 |
181 |
798 |
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8.8 |
11.6 |
9.3 |
7.8 |
9.4 |
ROS% |
6.8 |
9.2 |
10.4 |
7.8 |
8.6 |
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11.1 |
12.8 |
10.0 |
8.4 |
10.6 |
ROS% excluding unallocated costs |
8.7 |
12.1 |
12.3 |
9.0 |
10.6 |
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Operating income |
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77 |
121 |
95 |
41 |
334 |
Decorative Paints |
48 |
111 |
112 |
37 |
308 |
187 |
202 |
147 |
132 |
668 |
Performance Coatings |
121 |
162 |
164 |
130 |
577 |
(56) |
(60) |
(27) |
(34) |
(177) |
Other activities/ eliminations |
(61) |
(81) |
(39) |
(99) |
(280) |
208 |
263 |
215 |
139 |
825 |
Total |
108 |
192 |
237 |
68 |
605 |
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Identified items per Business Area |
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– |
– |
– |
(17) |
(17) |
Decorative Paints |
(8) |
(12) |
(3) |
(15) |
(38) |
– |
– |
– |
(1) |
(1) |
Performance Coatings |
(13) |
(10) |
(6) |
(23) |
(52) |
– |
(31) |
(10) |
(21) |
(62) |
Other activities/ eliminations |
(20) |
(11) |
3 |
(75) |
(103) |
– |
(31) |
(10) |
(39) |
(80) |
Total |
(41) |
(33) |
(6) |
(113) |
(193) |
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Reconciliation net financing income/(expenses) |
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6 |
6 |
3 |
8 |
23 |
Financing income |
6 |
5 |
3 |
2 |
16 |
(22) |
(22) |
(23) |
(23) |
(90) |
Financing expenses |
(22) |
(22) |
(24) |
(24) |
(92) |
(16) |
(16) |
(20) |
(15) |
(67) |
Net interest on net debt |
(16) |
(17) |
(21) |
(22) |
(76) |
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Other interest movements |
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(1) |
(2) |
(1) |
(3) |
(7) |
Financing expenses related to post-retirement benefits |
2 |
3 |
2 |
3 |
10 |
(2) |
(2) |
(14) |
2 |
(16) |
Interest on provisions |
– |
(1) |
– |
(2) |
(3) |
2 |
5 |
4 |
1 |
12 |
Other items |
33 |
(13) |
(1) |
(2) |
17 |
(1) |
1 |
(11) |
– |
(11) |
Net other financing charges |
35 |
(11) |
1 |
(1) |
24 |
(17) |
(15) |
(31) |
(15) |
(78) |
Net financing expenses |
19 |
(28) |
(20) |
(23) |
(52) |
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Quarterly net income analysis |
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6 |
6 |
3 |
2 |
17 |
Results from associates and joint ventures |
4 |
6 |
4 |
6 |
20 |
197 |
254 |
187 |
126 |
764 |
Profit before tax |
131 |
170 |
221 |
51 |
573 |
(52) |
(63) |
(57) |
(81) |
(253) |
Income tax |
1 |
(47) |
(66) |
(6) |
(118) |
145 |
191 |
130 |
45 |
511 |
Profit for the period from continuing operations |
132 |
123 |
155 |
45 |
455 |
26 |
25 |
30 |
64 |
33 |
Effective tax rate (in %) |
(1) |
28 |
30 |
12 |
21 |
AkzoNobel (continuing and discontinued operations)
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2017 |
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2018 |
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Q1 |
Q2 |
Q3 |
Q4 |
year |
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Q1 |
Q2 |
Q3 |
Q4 |
year- |
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Earnings per share from continuing operations (in €) |
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0.50 |
0.67 |
0.48 |
0.11 |
1.76 |
Basic |
0.47 |
0.42 |
0.58 |
0.14 |
1.61 |
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0.50 |
0.67 |
0.48 |
0.11 |
1.75 |
Diluted |
0.47 |
0.42 |
0.58 |
0.14 |
1.60 |
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Earnings per share from discontinued operations (in €) |
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0.46 |
0.53 |
0.38 |
0.18 |
1.55 |
Basic |
0.53 |
0.64 |
0.60 |
22.69 |
24.58 |
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0.45 |
0.53 |
0.37 |
0.18 |
1.54 |
Diluted |
0.53 |
0.64 |
0.59 |
22.61 |
24.47 |
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Earnings per share from total operations (in €) |
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0.96 |
1.20 |
0.86 |
0.29 |
3.31 |
Basic |
1.00 |
1.06 |
1.18 |
22.83 |
26.19 |
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0.95 |
1.20 |
0.85 |
0.29 |
3.29 |
Diluted |
1.00 |
1.06 |
1.17 |
22.75 |
26.07 |
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Number of shares (in millions) |
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251.3 |
251.1 |
251.9 |
252.3 |
251.6 |
Weighted average number of shares |
252.9 |
254.5 |
255.8 |
256.2 |
254.9 |
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252.6 |
254.3 |
251.9 |
252.6 |
252.6 |
Number of shares at end of quarter |
253.2 |
255.8 |
255.8 |
256.2 |
256.2 |
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Adjusted earnings from continuing operations (in € millions) * |
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197 |
254 |
187 |
126 |
764 |
Profit before tax from continuing operations |
131 |
170 |
221 |
51 |
573 |
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– |
31 |
10 |
39 |
80 |
Identified items reported in operating income |
41 |
33 |
6 |
113 |
193 |
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– |
– |
– |
– |
– |
Interest on tax settlement |
(31) |
1 |
– |
– |
(30) |
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(52) |
(68) |
(53) |
(12) |
(185) |
Adjusted income tax |
(39) |
(55) |
(67) |
(43) |
(204) |
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(19) |
(23) |
(9) |
(17) |
(68) |
Non-controlling interests |
(13) |
(16) |
(6) |
(10) |
(45) |
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126 |
194 |
135 |
136 |
591 |
Adjusted net income from continuing operations |
89 |
133 |
154 |
111 |
487 |
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0.50 |
0.78 |
0.53 |
0.54 |
2.35 |
Adjusted earnings per share from continuing operations (in €) |
0.35 |
0.52 |
0.60 |
0.43 |
1.91 |
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Adjusted earnings from total operations (in € millions) * |
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362 |
430 |
307 |
225 |
1,324 |
Profit before tax from total operations |
320 |
404 |
425 |
6,129 |
7,278 |
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– |
20 |
45 |
64 |
129 |
Identified items reported in operating income |
55 |
41 |
21 |
(5,969) |
(5,852) |
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– |
– |
– |
– |
– |
Interest on tax settlement |
(31) |
1 |
– |
– |
(30) |
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(101) |
(110) |
(93) |
(55) |
(359) |
Adjusted income tax |
(87) |
(125) |
(121) |
(45) |
(378) |
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(21) |
(24) |
(10) |
(17) |
(72) |
Non-controlling interests |
(21) |
(17) |
(7) |
(10) |
(55) |
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240 |
316 |
249 |
217 |
1,022 |
Adjusted net income from total operations |
236 |
304 |
318 |
105 |
963 |
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0.96 |
1.26 |
0.99 |
0.86 |
4.06 |
Adjusted earnings per share from total operations (in €) |
0.93 |
1.19 |
1.24 |
0.41 |
3.78 |
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