AkzoNobel publishes full-year 2013 results

10-Feb-2014 - Germany

Akzo Nobel N.V. announced its Q4 and full-year 2013 results. Revenue for the year totaled €14,590 million, down 5 percent on 2012 as a consequence of adverse currency effects and divestments. 2013 operating income excluding incidentals came in at €897 million (2012: €908 million excluding impairment). Net income attributable to shareholders reached €724 million, up from €386 million in 2012. Net debt came down by a third to €1,529 million at the end of 2013. The company has successfully completed its multi-year performance improvement program a year ahead of schedule, exceeding its targets in doing so. In 2014, AkzoNobel will continue to significantly restructure to reduce costs further and anticipates related restructuring charges of at least €250 million.

Other news from the department business & finance

Most read news

More news from our other portals

Discover the latest developments in battery technology!