April 24, 2019 / 5:17 AM / 2 months ago

Akzo Nobel Q1 core profit up 19 pct on higher prices

AMSTERDAM, April 24 (Reuters) - Dutch paints and coatings maker Akzo Nobel on Wednesday said its first-quarter core profit rose 19 percent to 248 million euros ($278.2 million), as higher prices and cost savings offset raw material inflation.

Analysts polled by Reuters had expected adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 244 million euros, after a 209 million euros result a year earlier. ($1 = 0.8916 euros) (Reporting by Bart Meijer; editing by Gopakumar Warrier)

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