Shares of Dutch paints and chemicals company Akzo Nobel rose by 7 percent on Monday morning after the group said that its performance improvement program for the year was still on track and unveiled profit figures that matched market expectations.
Third-quarter profit before interest, tax depreciation and amortization came in at 456 million euros ($623 million), compared to estimates of 457 million euros in a Reuters poll.
Chief financial officer Keith Nichols told CNBC however demand in its European market was still weak.
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"We are not seeing a dramatic upswing from the European markets, they remain challenging," Nichols told CNBC Monday.