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Specialty Chemicals – Overview

  • Revenue increased by 3 percent, due to margin management and favorable currency effects
  • Volumes slowed down during the quarter and customer ordering patterns remain cautious
  • EBITDA margin in Q3 was at 16.3 percent (2011: 17.6 percent) due to weaker markets in Functional Chemicals
  • Integration of the Boxing Oleochemicals acquisition on track
  • Divestment Chemicals Pakistan expected to be completed towards the end of the year

Specialty Chemicals is facing softer volumes in most product lines, with volumes during the quarter being 2 percent below the previous year. The continued focus on cost control, restructuring and margin management, plus the weaker euro, mitigated the margin impact. All businesses performed ahead of 2011, except for Functional Chemicals, which remained impacted by the supply/demand imbalance in Ethylene Amines, combined with low demand in products for building and construction segments. Chemicals Pakistan also posted a lower result for the quarter.

Revenue development Q3 2012

Specialty Chemicals – Revenue development Q3 2012 (bar chart)
Specialty Chemicals – Brands (logos)
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