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Americas


Revenue in the US was flat (12 percent up in constant currencies). Volume was the primary driver along with price gains that were partially offset by product mix. The new Walmart business delivered the majority of the Q2 revenue improvement. In Canada, Q2 revenue was 10 percent below 2010 (down 5 percent in constant currencies), driven by lower demand. The decrease in demand was partly caused by changes in the Canadian government’s home purchase credit and tax incentive implemented in mid-2010 and adverse weather conditions in the second quarter. In Latin America, Q2 revenue was 14 percent above 2010 (19 percent in constant currencies), driven by price, mix and healthy demand. Our focus on pricing discipline also resulted in above market revenue growth in Brazil.

Copyright © 2011 Akzo Nobel N.V.