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AkzoNobel NV has reported Q3 results, which show positive developments in profitability in all three business areas, ie Decorative Paints; Performance Coatings; and Specialty Chemicals, up 7%, 56% and 4% respectively.
Q3 operating income increased 30% to €436M, reflecting the positive effects of process optimisation, lower costs, reduced restructuring expenses and favourable currency developments. Revenue of €3760M was up two percent yr-on-yr, due to favourable currency effects, offset by divestments and slightly lower volumes. Return on sales improved to 11.6%, while return on investment rose to 12.5%. The company is on track to deliver its 2015 targets
