International. AkzoNobel reported that during the second quarter of 2015 operating profit increased 38% to €486 million (€), reflecting the positive effects of efficiency programs, lower costs, reduced restructuring expenses, divestment results and favorable exchange rates for the company.
Revenue of €3.949 billion was up 6% percent compared to the same period last year, due to favorable exchange rates, offset by divestments and lower volumes in some areas.
The firm also reported that market trends in North America remain positive but Europe is not improving. Market conditions remain challenging in many countries, including Russia, Brazil and China. The return on sales improved to 12.3% and that on investments rose to 11.7%.
Decorative paints achieved solid growth in profitability, with operating profit increasing by 25% and revenue by 6%. Operating profit showed an improvement with an increase of 25%. Revenue increased by 6%. Volumes for the second quarter rose in Asia, while volumes declined for Europe and Latin America.
