As the global pandemic continues to evolve, AkzoNobel in a statement today announced it remains focused on ensuring employee health and safety and maintaining business continuity. The company said the steps taken to continue serving customers and rapidly reduce costs are proving successful, while at the same time keeping the organization intact and able to respond quickly to changes in end market demand.
During the first quarter, COVID-19 adversely impacted revenue by around minus 5%. Asia was most affected throughout Q1, with other regions impacted only from the second half of March onwards.
In more recent months, end market demand
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