AkzoNobel third-quarter results show continued progress and innovation

09:09 | 26/10/2019
AkzoNobel has just announced its global results for the third quarter of 2019. The numbers showed strong growth, despite softer end-market demand.
akzonobel third quarter results show continued progress and innovation
2019's third quarter saw the continued growth in the performance of AkzoNobel

Return on Sales (ROS) increased to 13.8 per cent compared to 2018's 12.3 per cent, thanks to pricing initiatives and cost-saving programmes. Transformation is on track and has delivered €19 million ($21 million) cost savings.

AkzoNobel CEO Thierry Vanlancker commented, “We’re making good progress towards our goals for 2020, with business return on sales of 13.8 per cent, representing an on-year increase for the fifth quarter in a row. Our profit improvement of 23 per cent in the third quarter was strong, even though we had to deal with softer end-market demand.”

“Our focus on value over volume continued to deliver results,” added Vanlacker. “The results are a testament to the great work of the entire organisation. We continue to focus on our plans for the future to keep the company on its improvement trajectory and remain the reference in the paints and coatings industry.”

In the quarter, AkzoNobel also introduced new paints solutions to help improve performance and sustainable benefits. AkzoNobel has become the first major manufacturer to launch recycled paint, thanks to a ground-breaking partnership in the UK with resource management experts Veolia. The revolutionary Evolve matt white emulsion contains 35 per cent recycled paint and has been re-engineered and tested to meet the same high standards expected from Dulux Trade. In addition, the company recently introduced four new digital tools to make precise colour-matching easier for customers based on the technologies of colour finding, colour sensor, and colour matching.

In Vietnam, the third quarter saw the launch of two new premium interior paints, including Dulux EasyClean Stain Repellent with advanced Active Stain Repellent technology preventing stains on the walls and Dulux Ambiance 5in1 Superflexx used with Dulux Super Premium Interior SuperSealer to perfectly cover hairline cracks. They were also featured with anti-bacteria, mould and fungus resistance, and low VOC, with no lead or mercury added.

During the time, AkzoNobel Vietnam conducted various community activities throughout the country such as repainting Vung Tau lighthouse, public construction and schools, taking part in advocating wild animal protection, and giving architecture students scholarships, among others.

AkzoNobel has a passion for paint. They are experts in the proud craft of making paints and coatings, setting the standard in colour and protection since 1792. The company's world-class portfolio of brands – including Dulux, International, Sikkens, and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, AkzoNobel is active in over 150 countries and employ around 34,500 talented people who are passionate about delivering the high-performance products and services customers expect.

By Van Anh

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