Essential reading for retailers and suppliers in the home improvement market

Akzo Nobel reports strong first quarter

Published: 21 April 2011
Dutch firm sees 13% uplift in decorative paints, with promotional activity helping to grow market share in the UK.
Akzo's decorative paints business got off to a good start in 2011, with revenue up 13% to €1,196m for the three months ended March 31.

Akzo offset the rising cost of raw materials with price increases across the board, enabling the firm to maintain overall margins and achieve a 10% increase in EBITDA for the period.

The paint firm also upped its advertising spend by 17% for the period, helping grow market share in the UK, where sales benefited from promotional activity.

Demand in mature markets, including the UK, was stable, with sales up 8% in Europe, driven by positive volume figures, up 9%.

Akzo said it is determined to grow its business in Europe, having seen good growth in Turkey and Russia, but feels the outlook for its Western European markets remains challenging.

The company plans to monitor the developments in raw material prices and explains it has "actions in place to compensate for potential higher raw material costs".

Overall, Akzo Nobel, which also has speciality chemicals and performance coatings operations, reported a 16% sales jump in Q1, driven by positive sales volumes and price increases. EBIDTA also increased 10% to €437m for the period. The company said it is aiming for more than 5% revenue and EBITDA growth this year.


(Your email address will not be published)
3 + 7 =  
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories