AkzoNobel : A tough set of results
>Weak adj. EBITDA progression, now mainly due to Coatings - AkzoNobel posted a relatively weak Q3 24 driven by slightly positive volumes (neutral price/mix). While the group gross margin improved yoy for the quarter, higher restructuring costs and opex inflation continued to impact operating earnings. Overall Q3 group revenues and adj. EBITDA came in at € 2,668m and € 394m respectively; revenues were -3% below ccs estimates and adj. EBITDA -2%, with the main drag at C...Akzo Nobel N.V. is a holding company. Through its subsidiaries, Co. is engaged in the production and marketing of paints, coatings and specialty chemicals. Co. has three segments: Decorative Paints, which supplies products for the professional and do-it-yourself markets, including paints, lacquers and varnishes, as well as products for surface preparation; Performance Coatings, which is divided into the following businesses: Automotive and Aerospace Coatings, Industrial Coatings, Marine and Protective Coatings, and Powder Coatings; and Specialty Chemicals, which are used in products such as ice cream, soups, disinfectants, plastics, soaps, detergents, cosmetics, paper and asphalt.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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