Akzo saw sales 4% lower, down to €14,197m, due to a lower price/mix effect (-2%) and adverse FX effects (-3%). The gross profit improved from 40.9% to 42.3% and EBITDA came in +2% higher at €2,108m. Net profit attributable to shareholders was fairly unchanged at €970m (€979m). Operating CF increased +14% to €1,297m, benefiting from lower NWC outflows (€-504m after €-658m). Primarily due to the acquisition of former BASF’s Industrial Coatings business (
15 Feb 2017
Not too bad on a realistic level
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Not too bad on a realistic level
Akzo saw sales 4% lower, down to €14,197m, due to a lower price/mix effect (-2%) and adverse FX effects (-3%). The gross profit improved from 40.9% to 42.3% and EBITDA came in +2% higher at €2,108m. Net profit attributable to shareholders was fairly unchanged at €970m (€979m). Operating CF increased +14% to €1,297m, benefiting from lower NWC outflows (€-504m after €-658m). Primarily due to the acquisition of former BASF’s Industrial Coatings business (