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Highlights included: Operating income up 38% at €486M (€353M yr-on-yr); Revenue up 6% to €3.9bn, mainly driven by favourable currency effects; Improved performance with return on sales at 12.3% (9.5%); and return on investments at 11.7% (10.1%); Net income attributable to shareholders up 61% at €331M (€205M); Adjusted earnings per share (EPS) up 37% at €1.30 (€0.95); Net cash inflow from operating activities at €407M (€393M); Divestment of Paper Chemical business completed; Triennial review ICI Pension Fund (UK) completed in July 2015. The company says it is on track to deliver 2015 targets.
Market trends in North America continued to be positive with Europe not improving. Conditions remained challenging in many countries, including Russia, Brazil and China
