AkzoNobel’s Q4 and full-year 2019 results show transformation on track, with further step up in profitability, despite softer end market demand
AKZO NOBEL N V S/ADR (AKZOY)
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Source: GlobeNewswire
February 12, 2020 AkzoNobel CEO Thierry Vanlancker AkzoNobel’s Q4 and full-year 2019 results show transformation on track, with further step up in profitability, despite softer end market demand Akzo Nobel N.V. (AKZA; AKZOY) publishes results for fourth quarter and full-year 2019 Highlights Q4 2019: Adjusted operating income1 up 23% at €223 million (2018: €181 million), despite softer end market demand ROS, excluding unallocated costs2, increased to 11.0% (2018: 9.0%) Operating income at €173 million (2018: €68 million); OPI margin improved to 7.7% (2018: 2.9%)Progress towards delivering cost savings; delivered €10 million cost savings in this quarter Revenue 3% lower and 4% lower in constant currencies3, with positive price/mix of 1% more than offset by 4% lower volumes Adjusted operating
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