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Europe


In Europe, revenue was up 8 percent (in constant currencies: up 6 percent), driven by positive volumes. There was good growth in more developing markets in the region such as Turkey, Russia and South Africa. Progress was also good in the UK on the back of promotional activities. The outlook for the Western European markets remain challenging. However, irrespective of market developments we are determined to grow our business in Europe. We continue to closely monitor the developments in raw material prices and actions are in place to compensate for potential higher raw material costs.

Copyright © 2011 Akzo Nobel N.V.