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AkzoNobel’s income up on lower financing costs

6:42 AM MDT | April 25, 2014

AkzoNobel registered €129 million ($178 million) in net income attributable to shareholders in the first quarter, up 45% year-on-year (YOY) mainly because of lower financing expenses. The result also reflects a positive volume and price-mix development in each of the company’s three business segments, AkzoNobel says. Ebitda fell 3%, to €364 million, during the first quarter from €375 million in the same period last year. Revenue also dropped 2% YOY, to €3.38 billion, from €3.47 billion in the first quarter of 2013. The decrease was mainly due to a 5%...

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