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Asia


Growth in Asia remained strong. Revenue increased 30 percent (18 percent excluding a favorable currency impact of 12 percent). All countries contributed to this growth. We continued to invest in our brands and distribution in our key markets. The performance in China was strong, due to effective promotion and aggressive expansion of our stores network in Q3. We rolled out the new format for our Dulux stores network in September. Towards the end of the quarter, we started to experience the effect of the cooling down of the real estate market in China. In South East Asia, we are continuing to experience double-digit growth in key markets, driven by strong brand promotion and distribution expansion. In Thailand, Dulux eco-primer was successfully launched.

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