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Marine and Protective Coatings

Revenue declined 5 percent due to volumes and currency. In Marine Coatings, the global decline in new build activity accounts for the year-on-year volume reduction. In Protective Coatings, high activity levels continued in oil and gas, while volumes at Yacht were lower than last year. The closure of a site in Australia as part of the announced performance improvement program, was initiated during the quarter.

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