Akzo Nobel Q1 Profit Climbs 24% - Quick Facts

(RTTNews) - Paints and coatings maker Akzo Nobel NV (AKZOY.PK, AKZOY) Tuesday said first-quarter attributable net income climbed 24 percent to 160 million euros from 129 million euros in the previous year.

Adjusted earnings per share totaled 0.76 euro, while it was 0.61 euro in the prior year.

Revenue was 6 percent higher at 3.591 billion euros, compared to 3.383 billion euros last year, helped by favorable currency effects.

The company said overall market conditions remain challenging, adding that it is on track to deliver its targets for 2015.

Looking ahead, CFO Maëlys Castella said, "We anticipate that exchange rate movements and lower growth rates in high growth economies will principally determine the dynamics of 2015. The preparations made in 2013 and 2014 form a sound basis for improved performance. AkzoNobel remains on track to deliver its 2015 targets."