AMSTERDAM - AkzoNobel reported fourth-quarter and full-year results including the successful delivery on 2015 financial targets. Full-year operating income increased 59 percent to €1,573 million (excluding incidentals up 36 percent at €1,462 million), as a result of process optimization, lower costs, reduced restructuring expenses, favorable currency developments and incidental items.
Commenting on the results, CEO Ton Büchner said, "We successfully achieved our 2015 financial targets in what was a record year for AkzoNobel in a number of areas including return on sales, return on investment and sustainability. The proposed increase of the total dividend is also a clear sign that we are more confident about our cash-flow generation.