More news
- PPG reports results for Q1, 2024
- FEICA 2024 open for registration
- Vattenfall and BASF sign purchase agreement for 49% of Germany’s Nordlicht offshore wind...
- AkzoNobel delivers continued volume growth and margin expansion in both Paints and Coating...
- PPG appoints Pascal Tisseyre as Vice President, government affairs, Europe, Middle East an...
The company reported revenue growth across all business areas, led by price/mix developments of 5% and a 2% volume increase.
Highlights included: 2011 revenue up 7% to €15.7bn, driven mainly by pricing actions; weaker end markets and cost inflation impacted results; 2011 EBITDA 9% lower at €1.8bn; net income from continuing operations €469M (€664M yr-on-yr) adjusted EPS €2.91 (€3.71 yr-on-yr); total dividend for 2011: increase to €1.45 proposed (2010: €1.40); performance improvement programme on track and economic environment and certain raw materials remain key sensitivities in 2012.
For the year ahead, the company expects to see the full-year benefit of the price rises that have been achieved so far and which have now offset most of the raw material prices.
