Change

Revenue


Volumes were 10 percent lower than last year. However, some recovery and growth became visible in early cycle businesses. Pricing pressure became more evident during the year.

Decorative Paints

Lower demand in Decorative Paints for the full-year resulted in 9 percent lower volumes than 2008.

Performance Coatings

Revenue in Performance Coatings was down 12 percent, due to lower demand across all businesses.

Specialty Chemicals

For the full-year, Specialty Chemicals experienced lower demand across all businesses, resulting in 9 percent lower volumes.

Revenue in € millions
Revenue (bar chart)
Total revenue growth year 2009 vs 2008

Total revenue growth year 2009 vs 2008 (bar chart)

Revenue development in % versus 2008

 

 

 

 

 

 

 

Volume

Prices

Acquisitions/ Divestments

Exchange rates

Total

 

 

 

 

 

 

Decorative Paints

(9)

3

1

(2)

(7)

Performance Coatings

(13)

2

(1)

(12)

Specialty Chemicals

(9)

2

(1)

(8)

 

 

 

 

 

 

AkzoNobel

(10)

2

(2)

(10)

Acquisitions and divestments

Acquisitions and divestments did not impact total revenue for 2009. During the year, however, acquisitions and divestments affected revenue in the individual business areas:

Decorative Paints

In Decorative Paints, we acquired two distributors in Continental Europe.

Performance Coatings

In Performance Coatings, we divested Chemcraft Brazil and the non-stick businesses. We completed the acquisitions of SABA and Kronospan and announced the acquisition of the Dow Powder Coatings assets. This business has global revenue of several hundred million dollars and employs around 700 employees. It will further strengthen our Powder Coatings business in Europe and North America and will bring key technological know-how and significant synergy potential. The transaction is expected to close during the second quarter of 2010, subject to customary closing conditions, including regulatory approvals.

Specialty Chemicals

In Specialty Chemicals we acquired LII Europe and Penford Australia and additional interests in joint ventures. We divested PTA Pakistan.

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