October 18, 2012 / 5:20 AM / 5 years ago

AkzoNobel reports Q3 net loss of 2.4 bln euro on weak Europe

AMSTERDAM, Oct 18 (Reuters) - AkzoNobel NV, the world’s largest paints maker, on Thursday reported a 2.4 billion euro net loss in the third quarter after taking a 2.5 billion euro impairment charge on its decorative paints business, citing the weak economy in Europe.

It reported third-quarter earnings before interest, tax and depreciation (EBITDA) of 540 million euros on revenue of 4.28 billion euros, in line with analysts’ forecasts.

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