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Revenue


  • The Decorative Paints business got off to a good start in 2011 with revenue up 13 percent (including a favorable currency effect of 3 percent). This increase was across all regions. The impact of increased prices was 4 percent, before the mix effect of growth in the mid tier segment in the high growth markets. Our growth strategy of investing in brands, distribution and people, and expanding into mid-tier markets in high growth regions is progressing well. Demand in most of the mature markets was stable in the first quarter. In the US, approximately 3,500 Walmart retail locations have been reset with AkzoNobel products.
  • Performance Coatings had a strong start of 2011 with revenue up 18 percent, supported by volumes (7 percent), acquisitions (6 percent) and currencies (3 percent). The positive price impact was 3 percent, excluding mix effects. Volume increases were seen in all businesses with the exception of Wood Finishes and Adhesives. Revenue was especially strong in high growth markets in Eastern Europe, Latin America and Asia. Selling prices are being increased in response to the continuous rise in raw material prices.
  • The positive demand pattern in Specialty Chemicals which materialized in 2010 carried forward into the first quarter of 2011. The recovery of manufacturing and industrial production, particularly in Asia and North America, has resulted in firm demand across most of our business lines. Fueled by the strength in demand and the continued success in our key geographical and innovation growth platforms, volume increased 6 percent relative to the first quarter of 2010. Consequently, revenue increased 17 percent reflecting the improved volume, improved pricing and a favorable currency effect.

Revenue

in € millions

1st quarter

 

 

 

2010

2011

Δ%

Decorative Paints

1,056

1,196

13

Performance Coatings

1,049

1,237

18

Specialty Chemicals

1,154

1,351

17

Other activities/eliminations

(13)

(22)

 

Total

3,246

3,762

16

Revenue development Q1 2011

AkzoNobel – Revenue development (bar chart)

in % versus Q1 2010

Volume

Price/mix

Acquisitions

Exchange rates

Total

Decorative Paints

9

1

3

13

Performance Coatings

7

2

6

3

18

Specialty Chemicals

6

6

5

17

Total

7

3

2

4

16

Volume development per quarter
(year-on-year)

Q1 10

Q2 10

Q3 10

Q4 10

Q1 11

 

 

 

 

 

 

Decorative Paints

5

1

1

9

Performance Coatings

8

12

5

5

7

Specialty Chemicals

15

15

10

3

6

Total

10

8

4

3

7

Price/mix development per quarter
(year-on-year)

Q1 10

Q2 10

Q3 10

Q4 10

Q1 11

 

 

 

 

 

 

Decorative Paints

(1)

1

2

1

Performance Coatings

(3)

(3)

3

2

Specialty Chemicals

(6)

(2)

2

8

6

Total

(4)

(2)

1

4

3

Copyright © 2011 Akzo Nobel N.V.