Financial News

Jotun Reports Profit of NOK 1.3 Billion for 2014

March 25, 2015

Jotun gained a top line growth of nine per ent, partly driven by currency fluctuations. After a somewhat careful start of the year, the sales numbers improved throughout the year, and Jotun experienced a substantial growth of 17 percent during the last four months. Jotun obtained total sales of NOK 17.5 billion in 2014, including full revenues of associates and of joint ventures, compared to NOK 16 billion in the same period the year before.

Among Jotun’s many segments, the sales development within Decorative Paints has been good, particularly in Southeast Asia and the Middle East. Additionally, there has been an improvement in the segment of Marine Coatings, particularly due to constructions of new ships in Northeast Asia. All segments achieved double-digit percentage growth last four months.

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