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Revenue


We continued to see strong revenue gains in high growth markets across all our business areas, while revenue development in the mature markets remained weak.

  • Decorative Paints revenue increased by 8 percent in the third quarter, with strong growth in Asia (30 percent) and Latin America (25 percent), offset by lower volumes in Europe. The weak housing and construction markets in the mature economies show no signs of improvement.
  • Performance Coatings has seen strong revenue growth of 18 percent, supported by the acquired powder coatings activities (5 percent) and a favorable currency translation effect (8 percent). Volumes increased in all businesses, especially in the high growth markets.
  • Demand across the Specialty Chemicals portfolio remained strong. Demand from most end-use markets improved over the previous year, particularly in Asia and the Americas. Revenue increased by 15 percent driven by a 10 percent volume improvement in combination with favorable currency effects and increased pricing.

 

3RD QUARTER

 

 

IN € MILLIONS

JANUARY - SEPTEMBER

 

 

2010

2009

Δ%

 

 

2010

2009

Δ%

 

 

 

 

 

 

 

 

 

 

1,372

1,271

8

 

Decorative Paints

3,829

3,551

8

 

1,239

1,051

18

 

Performance Coatings

3,548

3,098

15

 

1,272

1,109

15

 

Specialty Chemicals

3,684

3,304

12

 

(16)

(6)

 

 

Other activities/eliminations

(41)

(13)

 

 

 

 

 

 

 

 

 

 

 

3,867

3,425

13

 

Total

11,020

9,940

11

Revenue development Q3 2010

AkzoNobel – Revenue development Q3 2010 (bar chart)

IN % VERSUS Q3, 2009

VOLUME

PRICE

ACQUISITIONS/
DIVESTMENTS

EXCHANGE RATES

TOTAL

 

 

 

 

 

 

Decorative Paints

1

7

8

Performance Coatings

5

5

8

18

Specialty Chemicals

10

2

(5)

8

15

 

 

 

 

 

 

Total

4

1

8

13

 

 

 

 

 

 

VOLUME DEVELOPMENT PER QUARTER

Q3 09

Q4 09

Q1 10

Q2 10

Q3 10

 

 

 

 

 

 

Decorative Paints

(9)

5

1

Performance Coatings

(11)

(2)

8

12

5

Specialty Chemicals

(6)

4

15

15

10

 

 

 

 

 

 

Total

(8)

1

10

8

4

 

 

 

 

 

 

PRICE DEVELOPMENT PER QUARTER

Q3 09

Q4 09

Q1 10

Q2 10

Q3 10

 

 

 

 

 

 

Decorative Paints

4

(1)

(1)

1

Performance Coatings

5

(3)

(3)

(3)

Specialty Chemicals

(5)

(9)

(6)

(2)

2

 

 

 

 

 

 

Total

(1)

(5)

(4)

(2)

1

Copyright © 2010 Akzo Nobel N.V.