Q4
REPORT
23
AkzoNobel | Report for the fourth quarter and full-year 2023
Our results at a glance
Highlights Q4 2023 (compared with Q4 2022)
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Revenue in constant currencies up 4% on higher volumes and pricing (reported revenue -3%)
Operating income improved to ¬214 million (2022: ¬103 million)
Adjusted operating income at ¬221 million (2022: ¬126 million); ROS at 8.7% (2022: 4.8%); ¬244
million before ¬23 million negative impact from hyperinflation accounting
Net cash from operating activities positive ¬574 million (2022: ¬291 million)
Highlights full-year 2023 (compared with full-year 2022)
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Revenue in constant currencies up 5% driven by pricing (reported revenue -2%)
Operating income improved to ¬1,029 million (2022: ¬708 million)
Adjusted operating income at ¬1,074 million (2022: ¬789 million), despite ¬77 million adverse currency effects from translation; ROS at 10.1% (2022: 7.3%)
Adjusted EBITDA at ¬1,429 million (2022: ¬1,157 million), despite ¬92 million adverse currency effects from translation
Net cash from operating activities positive ¬1,126 million (2022: ¬263 million)
Net debt to EBITDA leverage ratio improved to 2.7 (2022: 3.8)
Final dividend proposed of ¬1.54 per share (2022: ¬1.54)
Summary of financial results
Fourth quarter
January-December
2022
2023
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