AkzoNobel’s Q2 income up 38% despite sluggish coatings demand

By Kasia Patel
Published: Tuesday, 21 July 2015

Positive business streamlining and favourable currency exchange rates have contributed to AkzoNobel’s y-o-y growth in revenues and income. However, demand for its products has remained subdued, contributing to lower volumes sold for the quarter, which is likely to continue to keep sales down for industrial minerals such as TiO2, talc and kaolin, used in paints and coatings.

Paints and coatings manufacturer AkzoNobel has reported a 38% increase in operating income for the second quarter of 2015 to €486m ($532.2m*) as revenue in all three of its businesses was buoyed by positive currency exchange rates.

Revenue for the company as a whole increased 6% year-on-year (y-o-y) to...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.