AkzoNobel beats forecasts, expects to meet 2015 targets

'Fragile stabilization' in Europe happening: AkzoNobel CEO

Dutch paints and chemicals company AkzoNobel reported slightly higher-than-expected fourth-quarter earnings on Thursday and said it was on track to meet its 2015 targets even though tough economic conditions and volatile exchange rates are expected to continue this year.

The Dutch paints and chemicals firm reported almost flat quarterly earnings before interest, tax depreciation and amortization (EBITDA) of 208 million euros ($281.5 million) while revenues fell 5 percent to 3.48 billion euros.

Analysts in a poll commissioned by Reuters had forecast EBITDA of 197 million euros on sales of 3.51 billion euros.