| 2017-04-19 07:23:32|
AKZOY 07:23 04/19 04/19/17
AkzoNobel reports Q1 EBIT EUR376M vs. EUR334M a year ago
Reports Q1 revenue EUR3.66B vs. EUR 3.43B a year ago. Decorative Paints revenue was up 7%, mainly driven by strong volume growth. Volumes were up 9%, with positive developments in all regions. Performance Coatings revenue was up 6%, driven by positive volume development across a number of segments and the acquisition of BASF's Industrial Coatings business. Specialty Chemicals revenue was up 7%, due to positive volume developments in all business units and regions and favorable currency effects. Volumes were up 5%, with several businesses benefiting from improved market conditions in the oil drilling, mining, agrochemical and building and construction segments.