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Revenue


Demand has been volatile during the quarter in the mature markets of Decorative Paints. Utilization rates in Specialty Chemicals, have continued to be high.

  • Revenue in Decorative Paints increased 4 percent (8 percent at constant currency). Revenue increased across all regions with the biggest increase in the high-growth markets. The impact of increased prices was 4 percent before an adverse mix effect of 2 percent. Demand in most of the mature markets declined in the second quarter.
  • Revenue in Performance Coatings was up 4 percent (8 percent at constant currency). Revenue growth was balanced across all regions. Volumes increased in all major business segments with the exception of Wood Finishes and Adhesives, which has significant exposure to the US housing market. Selling prices are being increased in response to the continuous rise in raw material prices, with Marine being the hardest-hit segment.
  • In Specialty Chemicals, the demand pattern of the last twelve months remained fundamentally unchanged in the second quarter. Strength in manufacturing and industrial production, particularly in Asia and North America, resulted in firm demand across most of our business lines. In addition, the continued success in our key geographical and innovation growth platforms contributed to the volume increase of 1 percent, relative to the strong second quarter of 2010. Despite seasonal maintenance stops, overall top-line development remained encouraging.

2nd quarter

 

 

January - June

 

2010

2011

Δ%

in € millions

2010

2011

Δ%

1,401

1,461

4

Decorative Paints

2,457

2,657

8

1,260

1,312

4

Performance Coatings

2,309

2,549

10

1,258

1,350

7

Specialty Chemicals

2,412

2,701

12

(12)

(26)

 

Other activities/eliminations

(25)

(48)

 

3,907

4,097

5

Total

7,153

7,859

10

Revenue development Q2 2011

Revenue development Q2 2011 (bar chart)

in % versus Q2 2010

Volume

Price/mix

Acquisitions/ divestments

Exchange
rates

Total

Decorative Paints

6

2

(4)

4

Performance Coatings

2

3

3

(4)

4

Specialty Chemicals

1

8

(2)

7

Total

3

4

1

(3)

5

Volume development per quarter
(year-on-year)

Q2 10

Q3 10

Q4 10

Q1 11

Q2 11

Decorative Paints

1

1

9

6

Performance Coatings

12

5

5

7

2

Specialty Chemicals

15

10

3

6

1

Total

8

4

3

7

3

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

Q2 10

Q3 10

Q4 10

Q1 11

Q2 11

Decorative Paints

1

2

1

2

Performance Coatings

(3)

3

2

3

Specialty Chemicals

(2)

2

8

6

8

Total

(2)

1

4

3

4

Copyright © 2011 Akzo Nobel N.V.