REPORT
Q3
22
Powering the future of electric vehicles
The electric vehicle market continued to accelerate during Q3, reflected in ongoing interest for our dedicated powder coatings portfolio.
We supply products that help batteries to last longer and vehicles to drive further.
AkzoNobel Report for the third quarter 2022
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Our results at a glance
Highlights Grow & Deliver (compared with Q3 2021)
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Revenue up 19% and 14% higher in constant currencies, pricing up 13%
ROS at 6.4% (2021: 10.0%), resulting from lower volumes and higher raw material and freight costs,
as well as inflation on operating expenses
Adjusted EBITDA at ¬283 million (2021: ¬325 million)
Highlights Q3 2022 (compared with Q3 2021)
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Pricing up 13%, offsetting the increase of raw material and other variable costs. Volumes 5% lower,
mainly due to destocking in the distribution channels in Decorative Paints in Europe and in
Performance Coatings, as well as lower market demand in China
Operating income at ¬168 million (2021: ¬226 million), includes ¬16 million negative impact from
Identified items (2021: ¬15 million net negative impact) and ¬17 million negative from the retrospective hyperinflation impact of the first half-year of 2022. OPI margin 5.9% (2021: 9.4%)
Adjusted operating income at ¬184 million (2021: ¬241 million); excluding the retrospective impact of hyperinflation accounting at ¬201 million
Net cash from operating activities decreased to an inflow of ¬126 million (2021: inflow of ¬290 million)
Net income attributable to shareholders at ¬84 million (2021: ¬164 million)
EPS from total operations at ¬0.48 (2021: ¬0.89); adjusted EPS from continuing operations at ¬0.57
(2021: ¬0.93)
Interim dividend of ¬0.44 per share (2021: ¬0.44 per share)
