AkzoNobel publishes Q1 2016 results_Net income attributable to shareholders up 50 percent at €240 million (2015: €160 million)_by chemwinfo

19 April 2016

ABOUT AKZONOBEL

DETAILS

AkzoNobel today reported its first quarter 2016 results

with positive volume developments

in all three Business Areas

despite a challenging market environment.

• Net income attributable to shareholders 
  up 50 percent at €240 million (2015: €160 million)
  
  
• Net cash outflow from operating activities 
  improved to €336 million (2015: €622 million)

• Adjusted earnings per share up 28 percent
  at €0.97 (2015: €0.76)

• Revenue down 4 percent due to
  adverse currency effects, price/mix and divestments
  
  
• Return on sales* 
  improved to 9.7 percent (2015: 8.5 percent)
  and return on investment* improved
  to 14.5 percent (2015: 11.5 percent)

CFO Maëlys Castella

“During the first quarter we grew volumes

 in all Business Areas and continued

 to improve profitability

 despite a challenging market environment

 and negative currency effects.

 Net income improved by 50 percent

 and we continue to further strengthen

 our businesses by delivering on

 our strategy of continuous improvement,

 organic growth and innovation.

During the period we agreed an offer

for the acquisition of BASF’s Industrial Coatings division

which fits well with our existing business,

adding to our offering of essential solutions

for our customers.”

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