The quarter posted record net sales. Tim Knavish, PPG President and Chief Executive Officer, commented that “improving results are despite macroeconomic conditions that remain challenging and reflect the strengths of our diverse business portfolio.”
The company has reported its financial results for the full-year 2022. Despite lower sales volumes as a consequence of the recessionary environment, Covestro’s group sales grew by 13% to €18.0 billion.
The digital Report 2022 includes coverage of AkzoNobel’s financial results and business developments, while the company’s progress on its sustainability ambitions is highlighted throughout.
The company says the market environment was dominated by the consequences of the war in Ukraine, and in particular by increased raw material and energy prices.