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Revenue


  • Decorative Paints full-year revenue growth was 9 percent (in constant currencies: 3 percent). Demand in the high growth markets showed a robust recovery in 2010 after a challenging 2009. Our growth strategy of investing in brands, distribution and people, and expanding into mid-tier markets in high growth regions, is progressing well. Growth rates achieved in China and South East Asia have significantly outpaced markets, while demand in most of the mature markets declined during the year. As a result, our revenue in mature markets declined, apart from the UK where we continued to strengthen the Dulux market position and gained share in the trade segment. Q4 revenue development followed a similar regional pattern as the rest of 2010. Revenue increased 11 percent, primarily driven by Asia and Latin America and by a positive foreign currency translation impact.
  • Performance Coatings had a good year, with revenue up 16 percent (in constant currencies: 9 percent). Volume increases were seen in all businesses and all geographic regions, especially in Eastern Europe, Latin America and Asia. Powder Coatings showed the largest increase due to an acquisition, followed by Industrial Coatings, driven by good performances in Coil and Packaging Coatings. Wood Finishes and Adhesives and Marine and Protective Coatings had slower volume growth due to continued weak demand in the US housing market and lower investment levels in the European and US markets. Q4 revenue was up 13 percent before positive currency translation impact.
  • A broad recovery in demand, combined with the success of our strategic growth platforms, led to a volume increase across nearly all business lines in our Specialty Chemicals portfolio. In particular, volumes in the Americas and Asia returned to pre-crisis levels. Revenue increased 13 percent for the year, driven by the volume improvement, stable pricing and favorable currency effects. In Q4, we continued to see the same strong business trend of prior quarters, with volumes up 3 percent.

4TH QUARTER

 

 

IN € MILLIONS

JANUARY - DECEMBER

 

2010

2009

Δ%

 

 

2010

2009

Δ%

 

 

 

 

 

 

 

 

1,139

1,022

11

 

Decorative Paints

4,968

4,573

9

1,238

1,014

22

 

Performance Coatings

4,786

4,112

16

1,259

1,055

19

 

Specialty Chemicals

4,943

4,359

13

(16)

(3)

 

 

Other activities/eliminations

(57)

(16)

 

 

 

 

 

 

 

 

 

3,620

3,088

17

 

Total

14,640

13,028

12

Revenue development 2010

AkzoNobel – Revenue development 2010 (bar chart)

IN % VERSUS 2009

VOLUME

PRICE

ACQUISITIONS/
DIVESTMENTS

EXCHANGE RATES

TOTAL

 

 

 

 

 

 

Decorative Paints

2

1

6

9

Performance Coatings

7

(1)

3

7

16

Specialty Chemicals

11

(4)

6

13

 

 

 

 

 

 

Total

6

6

12

Revenue development Q4 2010

AkzoNobel – Revenue development Q4 2010 (bar chart)

IN % VERSUS Q4, 2009

VOLUME

PRICE

ACQUISITIONS/
DIVESTMENTS

EXCHANGE RATES

TOTAL

 

 

 

 

 

 

Decorative Paints

1

2

8

11

Performance Coatings

5

3

5

9

22

Specialty Chemicals

3

8

8

19

 

 

 

 

 

 

Total

3

4

2

8

17


 

VOLUME DEVELOPMENT PER QUARTER
(YEAR-ON-YEAR)

Q4 09

Q1 10

Q2 10

Q3 10

Q4 10

 

 

 

 

 

 

Decorative Paints

5

1

1

Performance Coatings

(2)

8

12

5

5

Specialty Chemicals

4

15

15

10

3

 

 

 

 

 

 

Total

1

10

8

4

3

PRICE DEVELOPMENT PER QUARTER
(YEAR-ON-YEAR)

Q4 09

Q1 10

Q2 10

Q3 10

Q4 10

 

 

 

 

 

 

Decorative Paints

(1)

(1)

1

2

Performance Coatings

(3)

(3)

(3)

3

Specialty Chemicals

(9)

(6)

(2)

2

8

 

 

 

 

 

 

Total

(5)

(4)

(2)

1

4

Copyright © 2011 Akzo Nobel N.V.