media release AkzoNobel publishes Q3 2015 results October 22, 2015 Akzo Nobel N.V. (AKZA.AS; AKZOY) today reported third quarter results which show positive developments in profitability in all three Business Areas, despite a challenging market environment. Continued increase in profitability despite challenging market conditionsOperating income up 30 percent at €436 million (2014: €335 million)Revenue up 2 percent to €3.8 billion (2014: €3.7 billion), due to 4 percent favorable currency effects, offset by divestments and slightly lower volumesImproved performance with return on sales at 11.6 percent (2014: 9.1 percent); and return on investment at 12.5 percent (2014: 10.5 percent)Net income attributable to shareholders up 39 percent at €285 million (2014: €205 million)Adjusted earnings per share (EPS) up 35 percent at €1.24 (2014: €0.92)Net cash inflow from operating activities at €583 million (2014: €489 million)Interim dividend up 6 percent to €0.35 per share (2014: €0.33)Ranked number one on the Dow Jones Sustainability Index in the Materials industry group for the fourth consecutive yearOn track to deliver 2015 targets*Q3 2015 iPad appQ3 2015 report (PDF, 1.2MB)Download the full-size infographic (1MB)Akzo Nobel N.V. (AKZA.AS; AKZOY) today reported third quarter results which show positive developments in profitability in all three Business Areas, despite a challenging market environment.quarter operating income increased 30 percent to €436 million, reflecting the positive effects of process optimization, lower costs, reduced restructuring expenses and favorable currency developments. Revenue of €3,760 million was up 2 percent compared with the same period last year, due to favorable currency effects, offset by divestments and slightly lower volumes. Return on sales improved to 11.6 percent, while return on investment rose to 12.5 percent.CFO Maëlys Castella:"We continue to see the benefits of our ongoing business transformation, including our new organizational structure and focus on operational excellence.Q3 we saw increased profitability across all three of our Business Areas, despite the challenging market conditions.Our focus on sustainability was recognized as we maintained our number one position on the Dow Jones Sustainability Index for the fourth consecutive year. We remain on track to deliver our 2015 targets." Paints operating income improved by 7 percent due to the new operating model, lower costs and currency developments. Revenue was flat, with favorable currency effects being offset by adverse price/mix. Volumes were up in Asia, while volumes were down for Latin America and Europe, which includes amongst others Russia and Turkey.Performance Coatings operating income was up 56 percent, driven by cost reductions from performance improvement initiatives, lower costs, favorable product mix, lower restructuring charges and favorable currency developments. Revenue was up 5 percent, benefiting from favorable currencies and continued strong demand for premium products. Volumes declined in the quarter due to ongoing capital spending declines in the global oil and gas industry, and further weakening in some markets, most notably Brazil and China.Specialty Chemicals operating income was up 4 percent, supported by the benefits from further increased production at its new Frankfurt plant, lower costs and operational efficiencies throughout the business. Revenue was flat due to favorable currency effects offsetting the impact of the divested Paper Chemicals business and adverse price/mix in several segments. Volumes overall were flat. Growth in some segments compensated for lower demand in oil drilling segments, which mainly impacted Surface Chemistry and Functional Chemicals. OutlookThe market outlook is unchanged with positive trends in North America and no improvement for Europe overall as well as a challenging environment in some countries, including Russia, Brazil and China. Based on current rates, the positive impact of foreign currencies is expected to moderate in the fourth quarter. We are on track to deliver our 2015 targets.