阿克苏诺贝尔发布2018年业绩报告 调整后营业收入7.98亿欧元

来源：阿克苏诺贝尔官方微信公众号

2月13日，阿克苏诺贝尔公司（股票代码：AKZA; AKZOD; AKZOY）通过官方微信公众号发布了其2018年全年及第四季度业绩。

报告显示，阿克苏诺贝尔2018年第四季度亮点有几下几点：

• 销售额上升1%（如按照恒定汇率¹计算，上升4%），定价/组合增长受销量下降影响被部分抵消

• 通过定价策略推动定价/组合整体增长9% ，以应对原材料价格上涨

• 销量下降7%（若中国市场不列入计算，销量下降2%）。中国市场装饰漆业务销量在2017年第四季度增长大超预期，2018年第四季度的销量回归至2016年的正常水平。

• 不包含未分摊成本²的销售回报率上涨至9.0%（2017年同期为8.4%）

• 2018年10月1日完成专业化学品业务的出售交易；该项交易的净利润为58亿欧元

• 收购马来西亚Colourland Paints公司；通过收购少数股权的形式获得中国阿克苏诺贝尔太古漆油合资公司的完整所有权

• 调整后营业收入³增长300万欧元，达到1.81亿欧元（2017年同期为1.78亿欧元），这主要得益于定价策略和削减成本

• 整体运营产生的净收入达58.49亿欧元（2017年同期为7500万欧元），其中包括来自于已终止运营业务的58.14亿欧元（2017年同期为4600万欧元）

其中，阿克苏诺贝尔2018年全年亮点有：

• 定价/组合增长受销量下降的影响被部分抵消，导致销售额下降4%（如按照恒定汇率计算，上升1%）

• 调整后营业收入为7.98亿欧元（2017年为9.05亿欧元），定价策略和削减成本带来的积极影响未能全部抵消不利汇率波动、原材料成本上涨和销量下降造成的负面影响

• 不包含未分摊成本的销售回报率为10.6%（2017年为10.6%）；投资回报率⁴为12.6%（2017年为13.9%）

• 期末股息预计为每股1.43欧元（已合并股份）

阿克苏诺贝尔首席执行官范迪睿（Thierry Vanlancker）表示：

“2018年对阿克苏诺贝尔来说是具有里程碑意义的一年，我们完成了专业化学品业务的出售交易，并将绝大部分收益返还给股东。尽管面临着市场条件的重重挑战，我们依然稳步朝着‘合作共赢：15 by 20’的战略目标迈进。2018年第四季度的销售回报率为9.0%，2017年同期为8.4%；2018年下半年的销售回报率为10.6%，2017年同期为9.2%。

作为一家专注油漆和涂料的公司，我们凭借过往积累的丰富经验、充沛的活力与饱满的热情，努力成为行业的标杆。我们通过持续的投资促进增长，我们在2018年进行了多项补强型收购，包括收购罗马尼亚Fabryo公司、西班牙Xylazel公司、马来西亚Colourland Paints公司以及中国的阿克苏诺贝尔太古漆油合资企业。这些交易将有助于我们加快增长势头，推动阿克苏诺贝尔成为行业领导者。

另一个亮点是我们推出了‘涂创未来’初创企业挑战赛。阿克苏诺贝尔拥有强大的全球影响力和深厚的专业知识及技能，希望能结合全球初创企业和规模化企业的独创性解决方案，引领油漆和涂料行业开创新格局。”

重要成绩

携手全球顶尖创新企业共同涂创未来

阿克苏诺贝尔推出“涂创未来”初创企业挑战赛，在涂料行业掀起一股浪潮。我们希望通过自身强大的全球影响力和深厚的专业知识及技能，与全球初创企业及规模化企业的独创性解决方案相结合。挑战赛旨在融合颠覆性的技术，加速全球油漆和涂料行业的创新。关于更多挑战赛的详细信息，请浏览www.letspaintthefuture.com。

亚洲地区的收购项目彰显我们对关键市场的承诺

2018年末的两笔交易彰显了我们持续巩固自身在亚洲领导地位的决心。我们在2018年12月通过收购少数股权的方式，获得了阿克苏诺贝尔太古漆油合资企业的完整所有权，这能让我们更好地掌握未来增长与发展的方向。在2018年11月，我们收购了马来西亚Colourland Paints公司，这将有助于我们加速实现马来西亚以及整个东南亚市场的增长目标。

Awlgrip HDT为游艇所有者提供极致性能

我们的先进涂料技术通过了最新一届沃尔沃环球帆船赛的终极考验，为游艇所有者们带来了卓越的性能体验。全新Awlgrip HDT（高清技术）聚氨酯透明涂层不仅比目前市场上的产品更耐用和耐损耗，而且具有可修复性，且挥发性有机化合物（VOC）含量更低。

与波音公司的合作关系取得了里程碑式的发展

我们成功开发了特种飞机涂装，成为阿克苏诺贝尔与波音公司之间在油漆领域的一个重要合作里程碑。为庆祝第787架波音787飞机的交付，我们采用业界领先的“基础涂层/透明涂层”系统，在中国南方航空公司订购的这架飞机上进行了一次性涂装设计。波音也于近期实现了另一个里程碑，成功交付了第1000架飞机，这架飞机使用了我们无与伦比的Aerodur 3001/3002涂装系统。

未来展望：

我们正在稳步实施“合作共赢：15 by 20”战略，通过创建符合目标的组织朝专注油漆和涂料的公司进行转型，并助力实现2020年指导目标。

在不确定的宏观经济环境中，需求趋势因地域和细分市场而呈现不同趋势。2019年上半年，原材料价格预计将继续上涨，但是攀升速度将低于2018年。积极的定价策略与成本节约项目等已准备就绪，以应对当前面临的市场挑战。

我们将继续实施转型计划，希望到2020年再节约2亿欧元成本，在2019-2020年间产生一次性成本。

我们的目标是，到2020年底，杠杆率达到净债务/息税折旧摊销前利润的1.0-2.0倍，并努力保持强劲的投资级信用评级。

阿克苏诺贝尔2018年全年及第四季度业绩报告可在http://akzo.no/FYQ42018Report浏览与下载

1. 恒定汇率的计算不包含外汇汇率波动的影响

2. 销售回报率（不包括未分摊成本）为调整后营业收入与销售额（不包含未分摊的企业中心成本）之比

3. 调整后营业收入=营业收入减去确定项目（此前称为息税前利润）

4. 投资回报率为前12个月的调整后营业收入除以12个月的平均已投入资本

此公告是阿克苏诺贝尔公司根据“欧洲市场滥用条例”（596/2014）第17节第1段之规定发布的。

中文译稿仅供参考，所有内容均以英文稿为准。

AkzoNobel Q4 2018 results show continued progress towards '15 by 20' strategy

February 13, 2019

Akzo Nobel N.V. (AKZA; AKZOD; AKZOY) publishes results for full-year and fourth quarter 2018

Q4 2018 highlights:

• Revenue up 1% and up 4% in constant currencies¹, with positive price/mix partly offset by lower volumes

• Pricing initiatives contributed to positive price/mix of 9% overall in response to higher raw material cost

• Volumes were 7% lower (excluding China, volumes were 2% lower). Volumes in China normalized at 2016 level versus an exceptionally strong quarterly volume in Decorative Paints China last year

• ROS excluding unallocated costs², was up at 9.0% (2017: 8.4%)

• Completed sale of Specialty Chemicals business on October 1, 2018; net profit on the sale was €5.8 billion

• Acquisition of Colourland Paints in Malaysia and minority interest share to obtain full ownership of the AkzoNobel Swire Paints joint venture in China
  

• Adjusted operating income³ was up €3 million at €181 million (2017: €178 million) driven by pricing initiatives and cost-saving programs

• Net income from total operations at €5,849 million (2017: €75 million), including discontinued operations at €5,814 million (2017: €46 million)

Full-year 2018:

• Revenue 4% lower, although up 1% in constant currencies, with positive price/mix partly offset by lower volumes

• Adjusted operating income at €798 million (2017: €905 million) impacted by adverse currencies, higher raw material costs and lower volumes, not yet fully offset by pricing initiatives and cost-saving programs

• ROS excluding unallocated costs, at 10.6% (2017: 10.6%); ROI⁴ at 12.6% (2017: 13.9%)

• Final dividend proposed of €1.43 per share (post consolida­tion)

AkzoNobel CEO, Thierry Vanlancker, commented:

"2018 was a landmark year for AkzoNobel as we completed the sale of the Specialty Chemicals business and began returning the vast majority of proceeds to our shareholders. Despite strong headwinds we made good progress on delivering our Winning together: 15 by 20 strategy with an increased business return on sales at 9.0% in the fourth quarter compared to 8.4% last year and 10.6% in the second half of the year versus 9.2% in the same period in 2017.

"We're now a focused paints and coatings company and are channeling all our experience, energy and passion into being recognized as the reference in our industry. We continue to invest in growth and in 2018, we made multiple bolt-on acquisitions, including Fabryo in Romania, Xylazel in Spain, Colourland Paints in Malaysia and the AkzoNobel Swire Paints joint venture in China. These deals will help accelerate our momentum as we continue to build AkzoNobel into an industry leader.

"Another highlight was the introduction of our Paint the Future startup challenge. It's designed to combine our global scale, know-how and expertise with the ingenious solutions of startups and scale-ups in the dynamic world of paints and coatings, making sure AkzoNobel is the reference when it comes to open innovation."

Key developments

Working with the world's coolest innovators

AkzoNobel created a major buzz in the coatings industry with the launch of our Paint the Future startup challenge. We want to combine our global scale, know-how and expertise with the ingenious solutions of startups and scale-ups across the planet. It's all about connecting with new disruptive technologies and accelerating innovation in the dynamic world of paints and coatings. www.letspaintthefuture.com

Asian acquisitions underline commitment to key markets

Two transactions in the final months of 2018 highlighted our continued focus on further strengthening our positions in Asia. In December, we acquired the minority interest share to obtain full ownership of the AkzoNobel Swire Paints joint venture, giving us greater control over our future growth and direction. A month earlier, we acquired Colourland Paints in Malaysia, which will boost our growth ambitions in the country itself and throughout Southeast Asia.

Awlgrip HDT offers extreme performance for yacht owners

Yacht owners can now benefit from advanced coatings technology which passed the ultimate test during the latest edition of the Volvo Ocean Race. Our new Awlgrip HDT (high definition technology) polyurethane clearcoat is not only more durable and abrasion resistant than current market offerings, but it's also repairable and lower in VOCs (volatile organic compounds).

Boeing partnership reaches milestone

Special aircraft livery was developed to mark a major milestone in our paint partnership with Boeing. To celebrate the delivery of Boeing's 787^th 787 aircraft, our industry-leading 'base coat/clear coat' system was used as part of a one-off design painted onto the landmark plane, which was ordered by China Southern Airlines. Boeing also hit another milestone recently, delivering its 1,000^th new aircraft to have been painted with our unrivalled Aerodur 3001/3002 paint system.

Outlook:

We are delivering towards our 'Winning together: 15 by 20' strategy and continue creating a fit-for-purpose organization for a focused paints and coatings company, contributing to the achievement of our 2020 guidance.

Demand trends differ per region and segment in an uncertain macroeconomic environment. Raw material inflation is expected to continue during the first half of 2019, although at a lower rate than 2018. Robust pricing initiatives and cost saving programs are in place to address the current challenges.

We continue executing our transformation to deliver the next €200 million cost savings by 2020, incurring one-off costs in 2019 and 2020.

We target a leverage ratio of between 1.0–2.0 times net debt/ EBITDA by the end of 2020 and commit to retain a strong investment grade credit rating.

The report for the full-year and fourth quarter 2018 can be viewed and downloaded at http://akzo.no/FYQ42018Report

1 Constant Currencies calculations exclude the impact of changes in foreign exchange rates

2 ROS excluding unallocated costs is adjusted operating income as a percentage of revenue excluding unallocated corporate center costs

3 Adjusted operating income = operating income excluding identified items (previously called EBIT)

4 ROI is adjusted operating income of the last 12 months as percentage of average invested capital

This is a public announcement by Akzo Nobel N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014).