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AkzoNobel reports higher second-quarter profits, confirms outlook

12:04 PM MDT | July 23, 2014 | Natasha Alperowicz

AkzoNobel today reported higher second-quarter profits and confirmed its outlook for 2015. Net income was up 11%, to €205 million ($276 million), with Ebitda advancing 7%, to €509 million. Revenues were down 4%, however, to €3.71 billion, mainly because of 5% adverse currency effects. The company reports positive volume development in all three business areas: decorative paints, performance coatings, and specialty chemicals.    Operating income at €353 million was 10% higher, reflecting increased volumes and benefits from improvement...

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