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Akzo Nobel Second Quarter Revenue Grows 5%

July 29, 2011
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Akzo Nobel recently announced second quarter 2011 results. Revenue was up 8%, to €4.1 billion (~ $5.8 billion), driven by volume and pricing, before adjusting for a currency headwind of 3%. Total net income reached €268 million (~ $5.8 billion), compared to €273 million (~ $392 million) in 2010.

Raw material inflation, challenging trading conditions and one-off factors lowered the quarter’s EBITDA to €551 million (~ $791 million) vs. €614 million (~ $882 million) in 2010.

For more information, visit www.akzonobel.com.

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