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Revenue


Revenue was up 8 percent, driven by pricing actions to offset higher raw material costs and by favorable currency effects. Volumes were down 2 percent reflecting weaker demand across our end markets.

  • Decorative Paints revenue grew 6 percent, mainly due to favorable price/mix and positive currency effects. Revenue grew in all businesses, with the exception of South East Asia Pacific. Volumes were down, negatively affected by the euro crisis and the general slowdown in global markets (Europe and South East Asia Pacific were our hardest hit markets). However, we continue to see positive volume development in Latin America and China.
  • In Performance Coatings, revenue increased 12 percent compared with the previous year. The strongest growth came from Industrial Coatings (due to acquisitions) and Marine and Protective Coatings (from strong demand in Protective Coatings). Volume declined with significant variability between individual activities.
  • Specialty Chemicals revenue increased 6 percent due to positive price/mix developments, acquisitions and foreign currency effects. Volumes were 2 percent below the previous year reflecting a slowdown in most businesses in the quarter as customer ordering patterns became more cautious.

2nd quarter

 

 

 

 

 

 

 

January - June

2011

 

2012

 

Δ%

 

in € millions

 

2011

 

2012

 

Δ%

1,461

 

1,551

 

6

 

Decorative Paints

 

2,657

 

2,793

 

5

1,312

 

1,472

 

12

 

Performance Coatings

 

2,549

 

2,841

 

11

1,350

 

1,431

 

6

 

Specialty Chemicals

 

2,701

 

2,830

 

5

(26)

 

(48)

 

 

 

Other activities/eliminations

 

(48)

 

(86)

 

 

4,097

 

4,406

 

8

 

Total

 

7,859

 

8,378

 

7

Revenue development Q2 2012

AkzoNobel – Revenue development Q2 2012 (bar chart)

in % versus Q2 2011

 

Volume

 

Price/mix

 

Acquisitions

 

Exchange
rates

 

Total

Decorative Paints

 

(2)

 

5

 

 

3

 

6

Performance Coatings

 

(2)

 

6

 

3

 

5

 

12

Specialty Chemicals

 

(2)

 

2

 

2

 

4

 

6

Total

 

(2)

 

4

 

2

 

4

 

8

Volume development per quarter
(year-on-year)

 

Q2 11

 

Q3 11

 

Q4 11

 

Q1 12

 

Q2 12

Decorative Paints

 

6

 

4

 

2

 

(4)

 

(2)

Performance Coatings

 

2

 

1

 

(2)

 

(1)

 

(2)

Specialty Chemicals

 

1

 

(1)

 

(4)

 

(1)

 

(2)

Total

 

3

 

1

 

(2)

 

(3)

 

(2)

Price/mix development per quarter
(year-on-year)

 

Q2 11

 

Q3 11

 

Q4 11

 

Q1 12

 

Q2 12

Decorative Paints

 

2

 

3

 

4

 

6

 

5

Performance Coatings

 

3

 

7

 

7

 

8

 

6

Specialty Chemicals

 

8

 

8

 

5

 

1

 

2

Total

 

4

 

6

 

6

 

5

 

4

Copyright © 2012 Akzo Nobel N.V.