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Revenue


  • The Decorative Paints business got off to a good start in 2010, with revenue up 7 percent due to a 5 percent increase in volume. In higher growth markets, the revenue growth has been strong (revenue in Asia up 30 percent) whereas in the mature markets revenue is stable compared with the previous year.
  • It was a strong first quarter for Performance Coatings, with revenue increasing 6 percent. There has been recovery though most businesses are still below pre-recessionary levels. During Q1, volume recovery was evident in all businesses with the exception of the late-cycle Marine and Protective Coatings business.
  • In Specialty Chemicals, the increase in demand evident in late 2009 gained momentum in the first quarter of 2010. The combination of restocking, market share gains, and improved fundamental demand led to an increase in volume of 15 percent in the quarter. Average pricing was relatively stable versus Q4 2009, but was 6 percent below first quarter 2009 levels.

Revenue

 

 

 

 

IN € MILLIONS

1ST QUARTER

 

 

2010

2009

Δ%

 

 

 

 

Decorative Paints

1,056

988

7

Performance Coatings

1,048

986

6

Specialty Chemicals

1,154

1,092

6

Other activities/eliminations

(12)

(1)

 

 

 

 

 

Total

3,246

3,065

6

AkzoNobel – Revenue development Q1 2010 (bar chart)

IN % VERSUS Q1, 2009

VOLUME

PRICE

ACQUISITIONS/
DIVESTMENTS

EXCHANGE RATES

TOTAL

 

 

 

 

 

 

Decorative Paints

5

(1)

3

7

Performance Coatings

8

(3)

(1)

2

6

Specialty Chemicals

15

(6)

(5)

2

6

 

 

 

 

 

 

Total

10

(4)

(2)

2

6

 

 

 

 

 

 

VOLUME DEVELOPMENT PER QUARTER

Q1 09

Q2 09

Q3 09

Q4 09

Q1 10

 

 

 

 

 

 

Decorative Paints

(16)

(10)

(9)

5

Performance Coatings

(20)

(19)

(11)

(2)

8

Specialty Chemicals

(16)

(18)

(6)

4

15

 

 

 

 

 

 

Total

(17)

(16)

(8)

1

10

 

 

 

 

 

 

PRICE DEVELOPMENT PER QUARTER

Q1 09

Q2 09

Q3 09

Q4 09

Q1 10

 

 

 

 

 

 

Decorative Paints

7

4

4

(1)

(1)

Performance Coatings

6

5

5

(3)

(3)

Specialty Chemicals

3

5

(5)

(9)

(6)

 

 

 

 

 

 

Total

5

5

(1)

(5)

(4)

Copyright © 2010 Akzo Nobel N.V.