Record Sales for Jotun
Boosted by growth in all segments, Jotun Group announces strong tertiary and year to date numbers in a financial report released today 2nd October 2012.
Total net sales in the first eight months of 2012 were NOK 7 686 million for the paints and coatings company, while earnings before interest, tax and amortization (EBITA) were NOK 888 million in the period.
Strong growth
The sales growth is mainly driven by the strong performance of decorative paints and protective coatings in Scandinavia, the Middle East and South East Asia.
The Marine segment has had sales growth despite tough market conditions, especially in newbuilding of ships. The Powder Coatings segment also shows a healthy development in the period both in sales and margins.
Jotun is expanding with new operations in Cambodia, Morocco, Algeria, Myanmar and Bangladesh.
Jotun has made major investments in its new factory in Norway, as well as ongoing construction of new factories in China, the US, Russia and Brazil. Other sizable investments have been new land and a warehouse in Vietnam, and a new regional service centre in Dubai. Total investments in 2012 have so far amounted to NOK 402 million.
Most read news
Other news from the department business & finance
These products might interest you

Dursan by SilcoTek
Innovative coating revolutionizes LC analysis
Stainless steel components with the performance of PEEK - inert, robust and cost-effective

OCA 200 by DataPhysics
Using contact angle meter to comprehensively characterise wetting behaviour, solids, and liquids
With its intuitive software and as a modular system, the OCA 200 answers to all customers’ needs

Tailor-made products for specific applications by IPC Process Center
Granulates and pellets - we develop and manufacture the perfect solution for you
Agglomeration of powders, pelletising of powders and fluids, coating with melts and polymers

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
BASF and Shell start up Ellba Eastern plant in Singapore
Delisting of Merck Serono shares expected on July 18, 2007 - Squeeze Out Successfully Completed
