MOSCOW (MRC) -- Dutch paint maker Akzo Nobel N.V. posted fourth-quarter 2013 net income attributable to shareholders, including impairment, of 51 million euros, as against a loss of 27 million euros, a year before. Quarterly earnings per share from total operations amounted to 0.21 euros, versus a 0.11 euros loss last year. However, on an adjusted basis, loss per share for the tri-monthly period was 0.01 euros, said the producer in its press release.
Revenues for the fourth quarter of 2013 dropped to 3.48 billion euros, from the prior-year figure of 3.67 billion euros.
Further, AkzoNobel added that, in 2014, it would continue to significantly restructure to reduce costs further and anticipates related restructuring charges of at least 250 million euros. Going forward, the company said it is on track to deliver its 2015 targets of ROS at 9% and ROI at 14.0 percent with a net debt/EBITDA ratio lower than 2.0.
In addition, the firm woud propose a 2013 final dividend of 1.12 euros per share, which would make a total 2013 dividend of 1.45 euros per share.
As MRC informed before, in October 2013 AkzoNobel finalized the EUR260 million divestment of its Building Adhesives business to Sika AG.
Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 55,000 people.
MRC