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AkzoNobel released the fourth quarter and full year performance of 2012

AkzoNobel released the fourth quarter and full year performance of 2012

February 25, 2013

[China paint information] AkzoNobel released the fourth quarter and full year performance of 2012. Sales increased by 5% in 2012, mainly due to favorable exchange rate and pricing factors, but the decline in sales partially weakened its growth rate. EBITDA in 2012 increased by 4% to EUR 1901million (2011:. Due to the impairment of decorative paint business assets of € 2.106 billion in the third quarter, AkzoNobel lost € 1.244 billion in business operation in the whole year. Excluding this asset impairment, business operating income amounted to € 862million (2011: € 1145million)

ceo Tang Bona said: "AkzoNobel has made strong performance in some markets where the situation is not pleasant and where it is a strategic action concept to lay out future R & D capabilities. This is due to the excellent performance of our performance improvement plan beyond the medium-term goals." According to HC360 coatings, AkzoNobel's performance improvement plan has increased the cost of business restructuring, mainly in mature markets. All businesses continued to promote business restructuring measures, and further strengthened the restructuring of European decorative paint business in the fourth quarter

a 1. In terms of the scope of utilization, the ksnobel decorative paint business is affected by the weak demand in the European market. Although the professional chemicals business was affected by the weakening demand in the second half of last year, its overall performance remained strong. Although the overall sales volume of the high-performance coating business has weakened, it has achieved excellent performance through the relevant measures of profit management and operational benefits, which can be replaced every two years

in 2012, AkzoNobel's sales in China increased to 1.699 billion euros, and the company's capital investment in China reached 1.365 billion euros due to procurement. AkzoNobel currently has about 7700 employees in China

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