AkzoNobel profits grow on cost-saving programs, beats estimates

AkzoNobel profits grow on cost-saving programs, beats estimates
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21.10.2020

MOSCOW (MRC) -- AkzoNobel says its net profit for the third quarter increased 36% year on year (YOY), to EUR220.0 million (USD260.8 million) driven by strong margin-management and cost-cutting programs, which delivered EUR49 million in savings, of which EUR27 million were structural savings related to the company's transformation initiative, said Chemweek.Revenue was down 5% YOY, to EUR2.

Full article at mrcplast.com

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