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Markets :: Specialty Chemicals :: Paints and Coatings

AkzoNobel Returns to Profit in First Quarter; Receives Expressions of Interest in National Starch

4:30 AM MDT | April 23, 2010 | Natasha Alperowicz

AkzoNobel reported significantly improved results in the first quarter of 2010 with Ebitda growth of 38% to €399 million ($538.7 million) on 6% higher sales at €3.25 billion. Ebitda margin rose from 9.4% in the first quarter of 2009 to 12.3% in the first quarter of this year. Net income reached €81 million, compared with a €7 million loss in the first quarter of 2009. "We've had a good start to 2010, particularly in higher growth markets, where our performance was strong," says Hans Wijers, CEO. "While revenue growth across all...

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