Press Releases
Strong Performance for ICI Paints
6th March 2008
ICI had a strong fourth-quarter performance in full-year results released on 6 March by Akzo Nobel, of which ICI is now a part.
ICI realized autonomous growth of 6%, led by the emerging markets. EBIT of continuing operations improved by 27%, with all regions contributing. ICI Paints revenue increased 3% by strong growth in emerging markets. EBIT of ICI paints improved by 54%, with all regions contributing. Revenues in the U.S. were down 6%, with EBIT margins significantly improved because of cost savings. Specialty Polymers and Regional & Industrial also reported strong results. The ICI pension deficit was significantly down, from GBP 1.2 billion in 2006, to GBP 0.3 billion in 2007.
More information and a webcast for analysts can be sen on the Akzo Nobel website.
