AkzoNobel Publishes Q1 2016 Results

摘要

AkzoNobel has reported its first quarter 2016 results with positive volume developments in all three Business Areas despite a challenging market environment. Operating income increased 17 percent to ?357 million and EBIT increased 9 percent to ?334 million, reflecting continuous improvement initiatives and lower costs, partly offset by adverse currency effects. Revenue was down 4 percent compared with the same period last year as positive volume development was more than offset by adverse currency effects, price/mix and divestments. Profitability improved, with return on sales at 9.7 percent compared with 8.5 percent last year.