International. AkzoNobel reported positive volume growth and improved sales performance (ROS) for the full year 2014. Excluding unforeseen expenses, ros was 7.5% compared to 6.1% in 2013.
Operating income, excluding unforeseen events, grew 20% to €1,072 million (2013: €897 million), reflecting higher profits from ongoing operating efficiency programs and low restructuring expenses, offset by higher adverse unforeseen expenses. Net profit attributable to shareholders was €546 million (2013: €724 million, including special items). Full-year revenue was down 2%, with volume up to 1% across all business areas, more than offset by negative currency effects and divestments.
"2014 was a challenge, evidenced by the negative effects of the currency, a continued lack of growth in Europe and a slowdown in some of the economies of Asia and Latin America. During the year, we continue to build a strong foundation and stay on track to meet our 2015 goals," said the company's CEO, Ton Büchner.
AkzoNobel reported that in Latin America, the decorative paint market grew by 6%.
