• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    PPG Launches HOMAX TEX>>PRO Texture System by PPG

    New Digital Solution from Interpon Helps Customers Bring Colors to Life

    What Are You Reading?

    Birla Carbon to Increase North American Prices

    Jason Woods Joins The ChemQuest Group as Director
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Launches HOMAX TEX>>PRO Texture System by PPG

    New Digital Solution from Interpon Helps Customers Bring Colors to Life

    Benjamin Moore Receives Two J.D. Power Awards

    Jamestown Coating Technologies Acquires Yenkin-Majestic Industrial Paint Business

    New Appointment for AkzoNobel Industrial Coatings
    Additives
    Binders
    Pigments
    Solvents

    Birla Carbon to Increase North American Prices

    OQ Chemicals Announces Price Increases for Oxo Intermediates in the Americas

    Birla Carbon Achieves Platinum Rating by EcoVadis

    BASF Offers Color-stable Polyamide for Electromobility

    Stahl Releases Annual ESG Report to Drive Focus on Value-chain Sustainability and Transparency
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Active Minerals

    Clariant Additives

    W. R. Grace & Co.

    Pilot Chemical Company

    Shepherd Color Company, The
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Windy City Coatings Course

    Utech Las Americas 2022

    CPCA Annual Conference

    PAINTINDIA 2022 Exhibition

    Southern Society for Coatings Technology Annual Meeting and Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Active Minerals

    Clariant Additives

    W. R. Grace & Co.

    Pilot Chemical Company

    Shepherd Color Company, The
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    AkzoNobel Posts Q2 Results

    ...

    AkzoNobel Posts Q2 Results
    Related CONTENT
    • EPS
    • AkzoNobel Acquiring Mapaero
    • PPG Reports 2Q 2019 Financial Results
    • AkzoNobel Adding 3 Production Lines at Changzhou Powder Coatings Plant
    • 06. Axalta Coating Systems
    07.24.19
    Akzo Nobel N.V. published the results for second quarter 2019.
    • Adjusted operating income 36 percent higher at €305 million (2018: €225 million);
    • ROS, excluding unallocated costs, increased to 13.7 percent (2018: 12.1 percent);
    • Focus on value over volume resulted in price/mix up five percent and six percent lower volumes;
    • Transformation on track and delivered €43 million cost savings;
    • Acquisition of Mapaero, announced July 18, 2019, further strengthens aerospace coatings business
    Q2 2019:
    • Revenue was flat and up one percent in constant currencies, with positive price/mix of five percent and acquisitions contributing one percent, offset by six percent lower volumes;
    • Adjusted operating income up 36 percent at €305 million (2018: €225 million, which included €20 million of one-off costs) driven by ongoing pricing initiatives and cost-saving programs; ROS at 12.4 percent (2018: 9.2 percent); 
    • Operating income at €308 million includes €3 million positive impact from identified items, related to a gain on disposal following asset network optimization (€57 million) and transformation costs (€54 million). 2018 operating income at €192 million included €33 million negative identified items;
    • Decorative Paints ROS up at 13.5 percent (2018: 12.2 percent); Performance Coatings ROS up at 13.6 percent (2018: 11.8 percent);
    • Adjusted EPS from continuing operations up 85 percent at €0.96 (2018: €0.52); EPS from total operations at €1.07 (2018: €1.06)
    “We remain fully focused on delivering our Winning together: 15 by 20 strategy and our Q2 results show we’re making progress with profit up 36 percent," AkzoNobel CEO Thierry Vanlancker said. "Return on sales was 13.7 percent for the quarter, moving us another step closer to our 2020 ambition of 15 percent.

    "This was an important quarter for us to demonstrate our strategy is working," the CEO continued. "Q2 performance improved largely due to our ongoing pricing initiatives and cost-saving programs, despite headwinds in the external business environment. This is a rewarding step for the organization and encouraging for the work still ahead of us as we continue our transformation journey.
     
    “In the face of softer market trends, we continue to focus on delivering our strategy while investing in strategic growth opportunities, to become recognized as the reference in the paints and coatings industry," he concluded. 
     
    Operation Night Watch
    AkzoNobel recently partnered with the Rijksmuseum for the live restoration of Rembrandt’s Night Watch. In a spectacular fusion of old and new, Operation Night Watch will use ground-breaking techniques to preserve the painting for future generations. 
     
    New paint range pounces on the French market
    The Dulux Valentine decorative paint brand in France launched a new EasyCare product called Color Resist. The EasyCare range (also known as EasyClean) has now been introduced in 26 countries worldwide, including brands such as Dulux and Marshall. 
     
    Hudson Yards
    AkzoNobel made a major contribution to the Hudson Yards project in New York, the largest private real estate development in US history. The ongoing project recently saw the completion of the two towers at 10 and 30 Hudson Yards. Taller than the Empire State Building, the glass and steel structure of 30 Hudson Yards uses the company’s high-performance architectural powder coatings, while 10 Hudson Yards features AkzoNobel’s industrial coatings.
     
    Paint the Future
    AkzoNobel's Paint the Future startup challenge proved to be a huge success, with five business agreements being awarded by AkzoNobel at the accelerator event held in May. Organized in conjunction with partner KPMG, the challenge attracted 160 submissions, with the 21 shortlisted startups being given the chance to collaborate with industry experts and further their solutions. 
     
    Making powder coatings even more sustainable
    AkzoNobel introduced a full range of Interpon Low-E products by its powder coatings business. A complete range of smooth finishes in Interpon 610 was added to the coarse texture range launched last year. Specially engineered for curing at temperatures lower than the current standard of 180-190°C, the new offering is polyester TGIC-free, saves energy and helps customers to improve their efficiency.
     
    AkzoNobel and Airbus advance innovation in the aerospace industry 
    A new chromate-free exterior primer has been developed by AkzoNobel and Airbus. Newly qualified by Airbus and now included in the aircraft manufacturer’s specifications, Aerodur HS 2121 is designed to be applied at the final assembly stage to virtually all external aircraft surfaces. In addition to being free from chromates, the new primer provides users with numerous performance, appearance and application benefits.
     
    Related Searches
    • powder coatings
    • performance coatings
    • powder
    • curing
    Suggested For You
    EPS EPS
    AkzoNobel Acquiring Mapaero AkzoNobel Acquiring Mapaero
    PPG Reports 2Q 2019 Financial Results PPG Reports 2Q 2019 Financial Results
    AkzoNobel Adding 3 Production Lines at Changzhou Powder Coatings Plant AkzoNobel Adding 3 Production Lines at Changzhou Powder Coatings Plant
    06. Axalta Coating Systems 06. Axalta Coating Systems
    03. AkzoNobel 03. AkzoNobel
    AkzoNobel Fuels Innovation with  Paint the Future Competition AkzoNobel Fuels Innovation with Paint the Future Competition
    AkzoNobel, Airbus Develop New Chromate-free Exterior Primer AkzoNobel, Airbus Develop New Chromate-free Exterior Primer
    The Aerospace Coatings Market The Aerospace Coatings Market
    PPG Receives Airbus Best Performer Award as Flight-deck Window Supplier PPG Receives Airbus Best Performer Award as Flight-deck Window Supplier
    CEO Forum Part 2: Focus on R&D CEO Forum Part 2: Focus on R&D
    Axalta Releases 1Q 2019 Results Axalta Releases 1Q 2019 Results
    AkzoNobel Publishes 1Q 2019 Results AkzoNobel Publishes 1Q 2019 Results
    PPG Reports 1Q 2019 Financial Results PPG Reports 1Q 2019 Financial Results
    AkzoNobel Investing in High Point, NC Site Upgrade AkzoNobel Investing in High Point, NC Site Upgrade

    Related Content

    • Adhesives and Sealants
      EPS

      EPS

      ...
      Nancy Metzger, Marketing Support 12.06.21

    • Aerospace Coatings | Breaking News | Paint & Coatings Manufacturer News
      AkzoNobel Acquiring Mapaero

      AkzoNobel Acquiring Mapaero

      The transaction is expected to be completed in the second half of 2019.
      07.18.19

    • Breaking News | Financial News
      PPG Reports 2Q 2019 Financial Results

      PPG Reports 2Q 2019 Financial Results

      Net sales of $4 billion is nearly 3 percent lower versus prior year.
      07.18.19


    • Breaking News | Paint & Coatings Manufacturer News | Powder Coatings
      AkzoNobel Adding 3 Production Lines at Changzhou Powder Coatings Plant

      AkzoNobel Adding 3 Production Lines at Changzhou Powder Coatings Plant

      ...
      07.09.19

    • 06. Axalta Coating Systems

      06. Axalta Coating Systems

      ...
      07.03.19

      Breaking News
      • PPG Launches HOMAX TEX>>PRO Texture System by PPG
      • New Digital Solution from Interpon Helps Customers Bring Colors to Life
      • What Are You Reading?
      • Birla Carbon to Increase North American Prices
      • The 13th International R-M Best Painter Contest Final Set for June 2022
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Tocotrienols May Aid Weight Loss and Cognitive Performance, Animal Study Finds
      Leaven Essential to Launch Branded Botanical Extracts to Global Markets
      Lonza Expands Capsugel Capsule Offering with Titanium Dioxide-Free, White Hard Gelatin Capsules
      Coatings World

      Latest Breaking News From Coatings World

      PPG Launches HOMAX TEX>>PRO Texture System by PPG
      New Digital Solution from Interpon Helps Customers Bring Colors to Life
      What Are You Reading?
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Study Demonstrates Promise of Pulmonary Congestion Detection Tech
      CardioRenal Raises 3.3 Million Euros
      Japanese Regulators Approve Shockwave Medical's Coronary IVL
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Catalent Introduces UpTempo Virtuoso Platform
      Elicio Therapeutics Enters Clinical Supply Agreement with Regeneron
      Reaction Biology Expands Executive Leadership Team
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      A Look at Machine Gun Kelly's $30K Diamond Mani
      Doja Cat Rocks Glam Makeup & Nails at the Billboard Music Awards
      Maggie Q Launches Beauty Supplement
      Happi

      Latest Breaking News From Happi

      Thread Beauty Launches Vegan Lip Gloss Collection
      Selig Group Names Adam Sheridan Next President
      Lip Shimmer, Powder Sunscreen and Retinol Drive Latest Beauty Searches: Spate
      Ink World

      Latest Breaking News From Ink World

      INX to Highlight Color Perfection Program, INX University at GulfCan
      Kornit Hosts Kornit Fashion Week London 2022
      Zeller+Gmelin Launches UV-Curable and Water-Based Inkjet Inks
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Schreiner ProTech introduces new PCS solution for electric vehicle charging
      FTA and FFTA announce 2022-2023 board updates
      Bar Graphic and J&J Converting open US demo center
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Essity Wins Innovation Award at Interclean
      Weekly Recap: Ontex Confirms Possibility of Attindas Deal, Purell Launches New Wipes & More
      TSG Finishing Starts Modernization Project
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Denise Pedulla Appointed as Chief Legal Officer at Conformis
      ODT's Most-Read Stories This Week—May 14
      Steven Haddad Joins Extremity Medical as Chief Clinical Officer
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Google Cloud, Saule Technologies and Columbus Energy Begin Strategic Cooperation
      JDI Develops eLEAP, World’s First Maskless Deposition + Lithographic OLED
      Toppan Develops Temperature Logger Label for Long-Distance Transportation

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login