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AkzoNobel Posts 10% Ebitda Decline, Citing Raw Material Inflation, 'Challenging' Market
4:57 AM MDT | July 22, 2011 | Alex Scott
AkzoNobel today reported Ebitda for the second quarter down 10% compared with the period one year earlier, to €614 million ($870 million) on corresponding sales up 5%, to €4.1 billion. The company says the drop in financial performance reflects a 20% increase in raw material costs, challenging business conditions, and one-off factors including several prolonged, large site maintenance stoppages....
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