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AkzoNobel Swings to a Net Loss on Restructuring Charges, Raw Material Costs
8:12 AM MST | February 16, 2012 | Ian Young
AkzoNobel reported a net loss of €62 million for the fourth quarter of 2011 compared with a €130-million net profit one year earlier, on sales up 5% year on year, to €3.8 billion. The net profit figure includes one-off charges totaling €97 million including quarterly restructuring costs of €55 million. Ebitda fell 20% year on year in the fourth quarter due to higher raw material costs, to €301 million and Ebitda margins decreased to 7.9%, from 10.4%. The fourth-quarter Ebitda figure was below analysts' forecasts of about €315...
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