#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Akzo Nobel Q4 adjusted operating income up 23%

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | February 12, 2020
Akzo Nobel published results for fourth quarter 2019.
Akzo Nobel
Akzo Nobel   ROS, excluding unallocated costs, increased to 11.0%
Highlights Q4 2019:

Topics: Akzo Nobel

Adjusted operating income up 23% at €223 million (2018: €181 million), despite softer end market demand

ROS, excluding unallocated costs, increased to 11.0% (2018: 9.0%)

Operating income at €173 million (2018: €68 million); OPI margin improved to 7.7% (2018: 2.9%)

Progress towards delivering cost savings; delivered €10 million cost savings in this quarter

Revenue 3% lower and 4% lower in constant currencies, with positive price/mix of 1% more than offset by 4% lower volumes

Adjusted operating income up 23% at €223 million (2018: €181 million) driven by ongoing pricing initiatives, margin management and cost saving programs; ROS increased to 9.9% (2018: 7.8%)

Operating income at €173 million includes €50 million negative impact from identified items, related to transformation costs and non cash impairments (2018: €68 million including €113 million negative identified items); OPI margin improved to 7.7% (2018: 2.9%).


 

MORE INSIDE POST