AkzoNobel Delivers Three Consecutive Quarters of Growth

AkzoNobel has announced a third consecutive quarter of growth with a 2 per cent increase in organic sales driven by higher global demand for its architectural paint and coating solutions, and a more positive ‘price/mix’.

CEO, Greg Poux-Guillaume, comments: “For the third consecutive quarter, we demonstrated our ability to deliver growth in mixed markets, while expanding gross margin* by 160 basis points. Although our operational costs are up, efforts to mitigate this inflationary cost pressure are accelerating and measures are already underway, above and beyond our industrial efficiency program. This will allow us to deliver on our 2024 ambitions, towards the lower end of our guidance and in line with current consensus.”

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