AkzoNobel announces 2009 Q4 and full-year results

Akzo Nobel N.V. (AkzoNobel) today announced its 2009 Q4 and full-year results. The company reported 2009 revenue of €13,893 million, 10 percent below the previous year.

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February 18, 2010

2009 results: Strong cash flow in challenging markets  

• 2009 revenue declined 10 percent to €13,893 million
• 2009 EBITDA before incidentals 8 percent lower at €1,768 million; EBITDA margin at 12.7 percent (2008: 12.5 percent)
• Operating working capital reduced to 13.7 percent of revenue (2008: 16.5 percent)
• Net cash from operating activities €1,240 million (2008: €91 million)
• Q4 revenue down 7 percent, EBITDA up 4 percent to €396 million, margin at 11.9 percent
• Ongoing restructuring costs and other incidental items resulted in a Q4 net loss 
• Final dividend of €1.05 per share proposed, making a total dividend of €1.35 (2008:1.80), representing a 57 percent pay-out (2008: 48 percent)
• On track to achieve 14 percent EBITDA margin target by end of 2011