AkzoNobel trading update

Posted 27 April, 2015

AkzoNobel has published a trading update for Q1 2015.

Highlights from the update include:

• Operating income up 42% at €306 million (2014: €216 million), reflecting the effects of process optimisation, reduced restructuring expenses, lower costs and favorable currencies
• Revenue up 6% due to 8% favorable currency effects
• Improved performance with ROS at 8.5% (2014: 6.4%); and ROI at 10.6% (2014: 9.7%)
• Net income attributable to shareholders up 24% at €160 million
• Adjusted EPS up 25% at €0.76 (2014: €0.61)
• Net cash outflow from operating activities was €622 million (2014: €552 million)
• Overall market conditions remain challenging
• On track to deliver 2015 targets

CFO Maëlys Castella says, “Our results for the first quarter demonstrate that AkzoNobel is continuing to deliver an improved performance in a challenging economic environment. Our strategy is working, and its positive effects are becoming increasingly visible in our results. We continue to build on this strong foundation to further increase our profitability and we remain on track to deliver our 2015 targets.”