Akzo Nobel Q2 Adj. Operating Profit Declines; Revenue Down 19% - Quick Facts

(RTTNews) - Akzo Nobel N.V. (AKZOY.PK, AKZOY) reported second quarter adjusted operating income of 238 million euros compared to 305 million euros, previous year. Revenue declined 19% to 1.99 billion euros from 2.45 billion euros. Revenue for June was nearly 5% below prior year. Akzo Nobel said strong margin management and strict temporary cost-saving measures have helped to compensate for lower end market demand. The company noted that the demand for Decorative Paints rebounded strongly in Europe - and faster than company planning assumptions.

Akzo Nobel will publish financial results for the second quarter and half-year on July 22, 2020.