Q2
21
Bringing color and inspiration to Port Moresby
The surface of a bland concrete wall in Port Moresby, Papua New Guinea, has been brought to life thanks to one of our latest Let's Colour projects. The 100-meter-long wall was transformed into something far more colorful and inspiring with the help of 212 liters of our Taubmans paint. The work was carried out by 13 AkzoNobel volunteers, who teamed up with 25 young people we trained in the local community. The project involved creating a colorful mural full of modern,
traditional and cultural motifs.
AkzoNobel I Report for the second quarter and half-year 2021 2
Our results at a glance
Highlights Q2 2021
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Revenue 26% higher than Q2 2020 (up 8% from Q2 2019, in constant currencies1) with 4.5% price increase
Adjusted operating income at ¬335 million (ROS2 at 13.3%), 41% higher than Q2 2020 and up 10% from Q2 2019
¬1 billion share buyback started April 27, 2021; ¬223 million completed by end of Q2 2021
Acquisition Colombia-based Grupo Orbis announced, expected to be completed by the end of 2021 or early 2022
Q2 2021 (compared with Q2 2020)
" Revenue up 26% and 29% higher in constant currencies, with volumes up 26%, mainly due to strong end market demand. Price/mix up 1%, while acquisitions added 2%
" Operating income up 86% at ¬384 million (2020: ¬207 million); OPI margin improved to 15.3% (2020: 10.4%)
" Adjusted operating income up 41% at ¬335 million (2020: ¬238 million); excludes ¬49 million net positive impact from identified items,
mainly related to Brazil ICMS and UK pension gains3 (2020: ¬31 million negative identified items related to transformation initiatives)
" Net cash from operating activities at ¬168 million (2020: ¬308 million)
" Net income from total operations up 102% at ¬261 million (2020: ¬129 million)
" EPS from total operations up 106% at ¬1.40 (2020: ¬0.68); adjusted EPS from continuing operations up 50% at ¬1.20 (2020: ¬0.80)
Summary of financial outcomes
Second quarter
January-June
2020
2021
1,987
2,511
26% Revenue
