Akzo’s sales meandered up (+1% to €3,624m) in Q3, but the gross profit margin clearly dropped from 42.7% to 40.2%. Showing some seasonal fluctuation, EBITDA went down 10% to €535m and net profit attributable to shareholders came in at €285m after €216m. Operating CF (€416m after €600m) suffered from the lower operating basis and the lower changes in NWC (€-146m after €202m) despite lower provisions (€-100m after €-137m). Investing CF (&e
18 Oct 2017
Paints do not smear
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Paints do not smear
Akzo’s sales meandered up (+1% to €3,624m) in Q3, but the gross profit margin clearly dropped from 42.7% to 40.2%. Showing some seasonal fluctuation, EBITDA went down 10% to €535m and net profit attributable to shareholders came in at €285m after €216m. Operating CF (€416m after €600m) suffered from the lower operating basis and the lower changes in NWC (€-146m after €202m) despite lower provisions (€-100m after €-137m). Investing CF (&e