SECTION 2
This section includes notes related to the consolidated income statement
Results for the Year
In 2019, Jotun achieved record operating revenue
and profit. The increase in operating income is
driven by strong improvements in all segments,
except Powder Coatings which was affected by
low activity in key markets.
Still, all segments and regions reported growth
in operating income. Operating profit increased
by 70 per cent in 2019 compared to last year. The
improvement is explained by solid sales growth as
well as higher gross margins.
Favorable macro-economic trends, including
positive currency effects and lower raw material
prices, also contributed positively to the strong
performance in 2019.
19 652
Operating revenue
(NOK million)
2018: 17 660
2 320
Operating profit
(NOK million)
2018: 1 361
11.8 %
Operating margin
2018: 7.7 %
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