Paint and coatings maker Akzo Nobel saw turnover and net profit fall but operating profit rise in 2014, the company announced on Thursday.
Net profit over the year fell 25% to €546m. Turnover was down 2% to €14.3bn, although the company was able to increase the profit margin on its products.
Operating profit rose 20% to €1,072bn, slightly above the expectations of analysts.
‘It was a challenging year,’ CEO Ton Bücher said in a statement. ‘The continuing lack of economic growth in Europe affected our performance, but the company is still on course to achieve our goals for 2015.’
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