Ceramic Industry News

Akzo Nobel First Quarter Revenue Up 6%

April 25, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Akzo Nobel N.V. recently reported first quarter revenue of €3.97 billion (~ $5.24 billion), an increase of 6% compared with the same period in 2011, mainly driven by pricing actions to offset higher raw material costs. Net income from continuing operations was €70 million (~ $92 million), compared to €132 million (~ $174 million) in the same period last year, due to higher incidental charges.

Specialty Chemicals revenue was up 4%, mainly due to the Boxing Oleochemicals acquisition and a positive price/mix effect. EBITDA was 2% lower, reflecting different trading conditions in certain businesses.

“We are continuing to focus on performance improvement,” said Hans Wikers, CEO. “Our global margin management efforts are also proving successful as we continue to mitigate the adverse effects of higher raw material costs. However, our volumes were down slightly, reflecting the volatile nature of the economic conditions. Despite these challenges, we have solid fundamentals, renowned brands and a strong geographic spread. Furthermore, the ongoing performance improvement program shows that we are taking the right steps towards achieving our medium-term ambitions.”

For additional information, visit www.akzonobel.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

May 2014 Issue Highlights

Our May 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI August 2014 cover

2014 August

Explore technical ceramics, glasses and refractories in our August issue!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px