AkzoNohel reports revenue decrease in Q1 results

摘要

Akzo Nobel N.V. (AkzoNobel) recently reported a 7 percent revenue decrease in the first quarter of 2013 compared with the same period last year. This was due to weak demand in European markets and divestments. Operating income for Q1 was 8 percent lower at ?217 million. The acceleration of AkzoNobel's performance improvement program is progressing toward achieving the full EBITDA benefit of ?500 million a year early, as announced at the strategy update in February 2013.