However, the privately owned company, which manufactures various kinds of paint, saw weaker results for marine products because of fewer newbuilding orders.
Managing director Morten Fon describes this segment as “extremely cyclical” and says “we have learned to adapt”.
Jotun logged a pre-tax profit of over NOK 1.1bn ($137m) last year.Fon says that “based on our estimates this figure will be slightly higher this year”.
Revenues
