More news
- Asian paint regulatory round up – Indonesian exterior paint still uses lead, warns W...
- Nigeria’s paint industry navigates regulatory changes and economic challenges amid p...
- Focus on the global coatings market: Global coatings market outlook
- Ask Joe Powder – October 2024
- Chinese paint majors look to domestic consumer sales as commercial real estate slumps
AkzoNobel NV has reported Q3 results, which show positive developments in profitability in all three business areas, ie Decorative Paints; Performance Coatings; and Specialty Chemicals, up 7%, 56% and 4% respectively.
Q3 operating income increased 30% to €436M, reflecting the positive effects of process optimisation, lower costs, reduced restructuring expenses and favourable currency developments. Revenue of €3760M was up two percent yr-on-yr, due to favourable currency effects, offset by divestments and slightly lower volumes. Return on sales improved to 11.6%, while return on investment rose to 12.5%. The company is on track to deliver its 2015 targets
