Quarterly statistics
Paints and Coatings (continuing operations)
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|
2018 |
|
2019 |
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Q1 |
Q2 |
Q3 |
Q4 |
year |
in € millions |
Q1 |
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|
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|
|
|
|
|
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Revenue |
|
|||||||||
846 |
1,006 |
951 |
896 |
3,699 |
Decorative Paints |
844 |
||||
1,342 |
1,454 |
1,388 |
1,403 |
5,587 |
Performance Coatings |
1,339 |
||||
(12) |
(14) |
(13) |
9 |
(30) |
Other activities/ |
2 |
||||
2,176 |
2,446 |
2,326 |
2,308 |
9,256 |
Total |
2,185 |
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|
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Adjusted EBITDA (excluding identified items) 1 |
|
|||||||||
79 |
145 |
138 |
76 |
438 |
Decorative Paints |
95 |
||||
169 |
207 |
204 |
187 |
767 |
Performance Coatings |
182 |
||||
(39) |
(67) |
(39) |
(23) |
(168) |
Other activities/ |
(29) |
||||
209 |
285 |
303 |
240 |
1,037 |
Total |
248 |
||||
|
|
|
|
|
|
|
||||
9.6 |
11.7 |
13.0 |
10.4 |
11.2 |
Adjusted EBITDA margin (in %) |
11.4 |
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Depreciation 1 |
|
|||||||||
(18) |
(18) |
(17) |
(19) |
(72) |
Decorative Paints |
(30) |
||||
(26) |
(26) |
(24) |
(25) |
(101) |
Performance Coatings |
(34) |
||||
(2) |
(2) |
(4) |
– |
(8) |
Other activities/ |
(5) |
||||
(46) |
(46) |
(45) |
(44) |
(181) |
Total |
(69) |
||||
|
|
|
|
|
|
|
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Amortization |
|
|||||||||
(5) |
(4) |
(6) |
(5) |
(20) |
Decorative Paints |
(5) |
||||
(9) |
(9) |
(10) |
(9) |
(37) |
Performance Coatings |
(10) |
||||
– |
(1) |
1 |
(1) |
(1) |
Other activities/ |
(1) |
||||
(14) |
(14) |
(15) |
(15) |
(58) |
Total |
(16) |
||||
|
|
|
||||||||
Adjusted operating income (excluding identified items) |
|
|||||||||
56 |
123 |
115 |
52 |
346 |
Decorative Paints |
60 |
||||
134 |
172 |
170 |
153 |
629 |
Performance Coatings |
138 |
||||
(41) |
(70) |
(42) |
(24) |
(177) |
Other activities/ |
(35) |
||||
149 |
225 |
243 |
181 |
798 |
Total |
163 |
||||
|
|
|
|
|
|
|
||||
6.8 |
9.2 |
10.4 |
7.8 |
8.6 |
ROS% |
7.5 |
||||
|
|
|
|
|
|
|
||||
8.7 |
12.1 |
12.3 |
9.0 |
10.6 |
ROS% excluding unallocated costs |
9.1 |
||||
|
|
|
|
|||||||
Operating income |
|
|||||||||
48 |
111 |
112 |
37 |
308 |
Decorative Paints |
54 |
||||
121 |
162 |
164 |
130 |
577 |
Performance Coatings |
97 |
||||
(61) |
(81) |
(39) |
(99) |
(280) |
Other activities/ |
(38) |
||||
108 |
192 |
237 |
68 |
605 |
Total |
113 |
||||
|
|
|
|
|||||||
Identified items per Business Area |
|
|||||||||
(8) |
(12) |
(3) |
(15) |
(38) |
Decorative Paints |
(6) |
||||
(13) |
(10) |
(6) |
(23) |
(52) |
Performance Coatings |
(41) |
||||
(20) |
(11) |
3 |
(75) |
(103) |
Other activities/ |
(3) |
||||
(41) |
(33) |
(6) |
(113) |
(193) |
Total |
(50) |
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|
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|
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Reconciliation net financing income/(expenses) |
|
|||||||||
6 |
5 |
3 |
2 |
16 |
Financing income |
5 |
||||
(22) |
(22) |
(24) |
(24) |
(92) |
Financing expenses |
(17) |
||||
(16) |
(17) |
(21) |
(22) |
(76) |
Net interest on net debt |
(12) |
||||
|
|
|
|
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Other interest movements 2 |
|
|||||||||
2 |
3 |
2 |
3 |
10 |
Financing expenses related to post-retirement benefits |
5 |
||||
– |
(1) |
– |
(2) |
(3) |
Interest on provisions |
(3) |
||||
33 |
(13) |
(1) |
(2) |
17 |
Other items |
(3) |
||||
35 |
(11) |
1 |
(1) |
24 |
Net other financing charges |
(1) |
||||
19 |
(28) |
(20) |
(23) |
(52) |
Net financing expenses |
(13) |
||||
|
|
|
|
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Quarterly net income analysis |
|
|||||||||
4 |
6 |
4 |
6 |
20 |
Results from associates and joint ventures |
5 |
||||
131 |
170 |
221 |
51 |
573 |
Profit before tax |
105 |
||||
1 |
(47) |
(66) |
(6) |
(118) |
Income tax |
(31) |
||||
132 |
123 |
155 |
45 |
455 |
Profit for the period from continuing operations |
74 |
||||
(1) |
28 |
30 |
12 |
21 |
Effective tax rate (in %) |
30 |
||||
AkzoNobel (continuing and discontinued operations)
|
|
|
|
2018 |
|
2019 |
Q1 |
Q2 |
Q3 |
Q4 |
year |
|
Q1 |
|
|
|
|
|
|
|
Earnings per share from continuing operations (in €) |
|
|||||
0.47 |
0.42 |
0.58 |
0.14 |
1.61 |
Basic |
0.28 |
0.47 |
0.42 |
0.58 |
0.14 |
1.60 |
Diluted |
0.28 |
|
|
|||||
Earnings per share from discontinued operations (in €) |
|
|||||
0.53 |
0.64 |
0.60 |
22.69 |
24.58 |
Basic |
– |
0.53 |
0.64 |
0.59 |
22.61 |
24.47 |
Diluted |
– |
|
|
|
|
|||
Earnings per share from total operations (in €) |
|
|||||
1.00 |
1.06 |
1.18 |
22.83 |
26.19 |
Basic |
0.28 |
1.00 |
1.06 |
1.17 |
22.75 |
26.07 |
Diluted |
0.28 |
|
|
|
|
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Number of shares (in millions) |
|
|||||
252.9 |
254.5 |
255.8 |
256.2 |
254.9 |
Weighted average number of shares |
234.3 |
253.2 |
255.8 |
255.8 |
256.2 |
256.2 |
Number of shares at end of quarter |
223.9 |
|
|
|
|
|||
Adjusted earnings from continuing operations (in € millions) |
|
|||||
131 |
170 |
221 |
51 |
573 |
Profit before tax from continuing operations |
105 |
41 |
33 |
6 |
113 |
193 |
Identified items reported in operating income |
50 |
(31) |
1 |
– |
– |
(30) |
Interest on tax settlement |
– |
(39) |
(55) |
(67) |
(43) |
(204) |
Adjusted income tax |
(39) |
(13) |
(16) |
(6) |
(10) |
(45) |
Non-controlling interests |
(9) |
89 |
133 |
154 |
111 |
487 |
Adjusted net income from continuing operations |
107 |
0.35 |
0.52 |
0.60 |
0.43 |
1.91 |
Adjusted earnings per share from continuing operations (in €) |
0.46 |