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Specialty Chemicals – Overview


  • Revenue increased 15 percent to €1,272 million (2009: €1,109 million); volume increased 10 percent
  • EBITDA was up 29 percent to €254 million (2009: €197 million)
  • EBITDA margin 20.0 percent (2009:17.8 percent)
  • Performance improvement in all businesses
  • Sale of National Starch completed on October 1

Demand across the Specialty Chemicals portfolio remained strong through the third quarter. Demand from most end-use markets comparatively improved over the prior year, particularly in Asia and the Americas. In addition, several of the key growth platforms in our businesses, such as geographic expansion (China) and green technologies (GLDA), gained further commercial momentum. Revenue increased by 15 percent driven by a 10 percent volume improvement in combination with favorable currency effects and increased pricing. Our EBITDA improved, as we were able to offset increasing feedstock costs by successful margin management. The operational efficiency actions of 2009 have also favorably impacted our cost base, thus the overall cost growth was limited. As a result, EBITDA was €254 million, 29 percent above last year. The EBITDA margin improved to 20.0 percent, up 2.2 percentage points from the previous year (2009: 17.8 percent).

Revenue development Q3 2010

Specialty Chemicals – Revenue development Q3 2010 (bar chart)
Specialty Chemicals – Brands (logos)
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