AMSTERDAM — AkzoNobel published financial results for the second quarter of 2019, with adjusted operating income up 36% despite continued external headwinds. The results show progress towards the company’s 15 by 20 strategy.
The company reported adjusted operating income 36% higher at €305 million, compared to €225 million in 2018. For the second quarter of 2019, revenue was flat and up 1% in constant currencies, with positive price/mix of 5% and acquisitions contributing 1%, offset by 6% lower volumes.