Q3
21
Bright Skies unveiled as Color of the Year
An airy light blue has been revealed as our 2022 Color of the Year. The stunning collection of colors will inspire interior design and surfaces for the aerospace, automotive and consumer electronics markets. According to our trend research,
what people need most is a breath of fresh air. That theme is reflected in Bright Skies an incredibly versatile shade also showcased in our ColorSurfaces E17 coatings collection.
AkzoNobel I Report for the third quarter 2021 2
Our results at a glance
Highlights Q3 2021
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Pricing up 9% compared with Q3 2020. Revenue 6% higher (up 5% from Q3 2019, in constant currencies1)
Raw material and other variable costs increased ¬278 million compared with Q3 2020
Adjusted operating income lower at ¬241 million (2020: ¬353 million), ROS2 at 10.0% (2020: 15.5%)
¬1 billion share buyback started April 27, 2021; ¬557 million completed by end of Q3 2021
First paints and coatings company to commit to a carbon reduction target of 50% by 2030 (2018 baseline) for the full value chain, verified by the Science Based Targets initiative
Q3 2021 (compared with Q3 2020)
" Revenue up 6%, driven by pricing initiatives. Volumes 6% lower, while acquisitions added 1%
" Operating income lower at ¬226 million (2020: ¬326 million). OPI margin 9.4% (2020: 14.3%), includes ¬15 million net negative impact from identified items
" Adjusted operating income lower at ¬241 million (2020: ¬353 million), ROS2 at 10.0% (2020: 15.5%)
" Net cash from operating activities lower at ¬290 million (2020: ¬457 million)
" Net income attributable to shareholders lower at ¬164 million (2020: ¬220 million)
" EPS from total operations lower at ¬0.89 (2020: ¬1.15); adjusted EPS from continuing operations at ¬0.93 (2020: ¬1.30)
" Interim dividend of ¬0.44 per share (2020: ¬0.43 per share)
The 2019 comparatives are included in this report to allow for proper comparison in light of the COVID-19 impact in 2020.
2
ROS is adjusted operating income as percentage of revenue; ROS excluding unallocated cost was reported in relation to the Winning together: 15 by 20 strategy and is no longer reported.
Summary of financial outcomes
Third quarter
2020
January-September
2021
"% in ¬ millions / %
2020
