AkzoNobel Releases Full-Year and Q4 2014 Results

摘要

Akzo Nobel N.V. has reported positive volume growth and an improvement in return on sales (ROS) for the full-year 2014. Excluding incidentals, ROS was 7.5 percent (2013: 6.1 percent). Operating income excluding incidentals grew 20 percent to ?1,072 million (2013: ?897 million), reflecting higher benefits from ongoing operational efficiency programs and lower restructuring charges, offset by higher adverse incidental items. Contrary to positive incidental items of ?61 million in 2013, mainly related to gain on divestments, the negative incidental items of ?85 million in 2014 relate to provisions for legacy items, an external fraud suffered by one of our subsidiaries in the US, and project costs related to a divestment. Net income attributable to shareholders was ?546 million (2013: ?724 million which includes exceptional items). Revenue for the full year declined 2 percent, with volume up 1 percent in all Business Areas, more than offset by negative currency effects and divestments.