AkzoNobel Grows 9% in Q4 Turnover
Akzonobel increased its turnover by 9% in nominal terms in the 4th quarter of 2021 compared to the 4th quarter of 2020, and by 7% at a constant exchange rate. Compared to the fourth quarter of 2019, it increased by 12% at constant exchange rate.
Turnover increased by 12% in nominal terms and 14% at constant exchange rates in 2021 compared to the end of 2020. Compared to 2019, it increased by 9% at constant exchange rate. AkzoNobel’s operating profit rose 16% to 1.118 billion euro (2020: 963 million euro)
AkzoNobel CEO Thierry Vanlancker: “With our fullyear 2021 results we delivered a sixth consecutive quarter of revenue growth. Our teams were quick to act with strong pricing in response to around 770 million euros of raw material inflation. This extraordinary
achievement allowed us to deliver a 2021 profit in line with prior year. As we continue to drive forward, we are on track to offset this headwind by Q1 2022” said.
Mr. Vanlancker: “I’m proud of the resilience of our people and the energy we’re putting into delivering on our Grow & Deliver strategy. AkzoNobel being named a Top Employer in eight countries this year is a great example of how our organization is well placed to deal with the challenging business environment. At the same time, we’re continuing with our widely
recognized People. Planet. Paint. approach and are setting the standard by being the first paints and coatings company to have sustainability targets officially validated by the Science Based Targets initiative” used in his phrases.
AkzoNobel Country Coordinator Sanal Limoncuoğlu: “We are proud that we continue to increase our turnover and investments in Turkey, even in a challenging year in many ways. On the decorative paint side, we brought the solvent paint production, which was moved abroad a while ago, to our country. On the powder coating side, in addition to the capacity investments made, we have increased our performance by switching to a 4-shift 24 / 7 working system as of last year. In 2022, we will continue to develop sustainable solutions for our customers with new technologies” said.
