The constant-currency gain came as Azelis recorded a €350 million noncash goodwill impairment in the Americas, giving the quarter a mixed financial picture.
Organic growth lifted the coated-materials segment, although input costs pressured margins; a subsequent acquisition adds optical-coatings technology and new end-market exposure.
Higher volumes and pricing improved the quarter, while demand from products serving the paint and coatings market adds another signal for the industry.