Akzo Nobel Delivers Profitable Growth in Third Quarter 2006
Akzo Nobel, Arnhem, the Netherlands, announced its Q3 results, which show a continued rise in revenues and operational earnings, driven by Organon and Coatings. Autonomous growth for the group was 6%; total revenues reached EUR 3,449 million, with all segments contributing.
Volume growth was 5%, and selling prices increased by 1%. Excluding incidental items, operating income rose 14% from EUR 319 million to EUR 364 million. The EBIT margin significantly improved from 9.7% to 10.6%.