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