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AkzoNobel Q3 results buoyed by favourable currency effects

By Kasia Patel
Published: Thursday, 22 October 2015

Netherlands-based AkzoNobel saw earnings and revenue increase due to positive currency effects in the third quarter. However, the company expects these effects to moderate in Q4 and overall volumes for its products – which consume raw materials such as TiO2 – were down in the third quarter.

Paints and coatings manufacturer AkzoNobel saw its financial performance improve in the third quarter of 2015 as a result of process optimisation, lower costs and favourable currency developments, the company said today.

Adjusted earnings per share increased 35% year-on-year (y-o-y) to €1.24 ($1.41*), while net income attributable to shareholders saw...

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