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Akzo Nobel Company profile

About Akzo Nobel NV

Akzo Nobel NV is a paints and coatings company based in the Netherlands. The Company operates through two business segments: Decorative Paints and Performance Coatings. The Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes. It also offers a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings for metal, wood and other critical building materials. The Performance Coatings segment has a portfolio, which includes paints and coatings for ships, cars, aircraft, yachts and architectural components (structural steel, building products, flooring), consumer goods (mobile devices, appliances, beverage cans, furniture), and oil and gas facilities. The Company's brands include Coral, Dulux, Flexa, Hammerite, Sadolin, Sikkens, Awlgrip, International, Interpon, Dissolvine, Eka, Expancel, Jozo, Levasil and Kromasil, among others. It operates in the Netherlands, as well as internationally.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Akzo Nobel NV revenues increased 12% to EUR9.59B. Net income before extraordinary items increased 29% to EUR823M. Revenues reflect Performance Coatings segment increase of 13% to EUR5.6B, Decorative Paints segment increase of 12% to EUR3.98B. Net income benefited from Decorative Paints segment income increase of 16% to EUR640M, other segment loss decrease of 32% to EUR172M.