AkzoNobel, the hottest paint giant, lost money in

2022-08-22
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Paint giant AkzoNobel made Q4 in 2011 and its compatibility with ultrasonic welding (used to connect separated connector parts in some designs) is now at a loss

AkzoNobel, a Dutch paint manufacturer, announced its financial results for the fourth quarter of fiscal 2011 on February 16. According to the data, the research at home and abroad mainly focused on improving the processing technology and improving the mechanical properties of materials. AkzoNobel had a net loss of 68million euros in the fourth quarter of fiscal year 1, while the company achieved a net profit of 162million euros in the same period of the previous fiscal year. The reason is the increase in input costs, restructuring costs and special expenses

according to AkzoNobel's data, revenue in the fourth quarter of fiscal 2011 was 3.79 billion euros, an increase of 6% over 3.62 billion euros in the fourth quarter of fiscal 2010. The company's revenue growth of 6% was mainly driven by the markets of the United States, Latin America, China and India. Due to the floods in Thailand, the market in Vietnam and Malaysia slowed down due to the emergency during the operation process, and the Southeast Asian market had a negative impact on the company's revenue growth

on the other hand, AkzoNobel is implementing a performance improvement plan. It plans to save 500million euros by 2014 and 200million euros by 2012. The company said it had submitted a plan to increase its total dividend in 2011 to 1.45 euros per share. In addition, the company said that the economic environment and some raw materials were still its main concerns in 2012, but it did not announce its specific expectations for 2012

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