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Performance Coatings – Overview

  • Revenue up 18 percent, with volumes up 7 percent
  • Improved revenue in all businesses
  • Selling price increases offset by continued raw material cost increases
  • EBITDA result maintained
  • Integration of acquired activities delivering results

It was a strong start to 2011, with revenue up 18 percent, supported by volumes, acquisitions, currencies and price. 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. During the quarter, raw material price increases had a negative impact on margins. Margin management programs and restructuring efforts in mature markets are ongoing and continue to support performance. Investments in growth plans continue. Q1 EBITDA remained flat compared with the previous year, supported by a positive currency effect of 3 percent, and ended at €143 million, with an EBITDA margin of 11.6 percent (2010: 13.6 percent).

Revenue development Q1 2011

Performance Coatings – Revenue development Q1 2011 (bar chart)
Performance Coatings – Brands (logos)
Copyright © 2011 Akzo Nobel N.V.