Akzo results show depth of the downturn

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The blog’s chemical career began with selling raw materials to the paint industry during the recession of the early 1980′s.

Since then, it has always regarded the decorative paint sector as an excellent real-time indicator of underlying economic conditions.

Today’s results from Akzo, one of the global leaders, confirms the sector’s reputation. Akzo said decorative paint volume was down 16% during Q1. EBITDA was down 41% in constant currencies.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

One Response to Akzo results show depth of the downturn

  1. Will Beacham 24 April, 2009 at 7:42 am #

    Did you see how badly the US paint-makers are doing? Sherwin Williams just produced appaling results, Q1 slump of 52%

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