BRIEF-AkzoNobel Q4 EBITDA ahead of estimates

AMSTERDAM Thu Feb 6, 2014 1:19am EST

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AMSTERDAM Feb 6 (Reuters) - Akzo Nobel NV : * Akzonobel publishes Q4 and full-year 2013 results * Says revenue for both Q4 and full year down 5 percent * Q4 revenue 3.482 billion euros (Reuters av forecast 3.512 billion euros) * Will continue to significantly restructure businesses in 2014 to reduce cost base further * Q4 EBITDA 208 million euros (Reuters av forecast 197 million euros) * Says on track to deliver on its 2015 targets of ROS at 9.0 percent and ROI at 14.0 percent * Says decorative paints full-year revenue was down 3 percent as a result of adverse currency effects and divestments * Says PIP announced in October 2011 exceeded anticipated cumulative amount of EUR500 million in EBITDA for period through 2013 * Says total restructuring costs for 2013 amounted to EUR348 million (2012: EUR292 million), of which EUR204 million in Q4 * Says anticipates 2014 restructuring charges of at least EUR250 million * Says will continue to significantly restructure businesses in 2014 to reduce cost base further

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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