AkzoNobel : Beating consensus nine quarters in a row
>1Q21 adjusted operating income 12% above consensus - On 17 February, AkzoNobel reported 1Q21 results that were well ahead of market expectations. Adjusted operating income of € 307m was up 43% yoy and 12% above consensus (Vara). The beat was predominantly driven by Decorative Paints, which reported adjusted operating income of € 148m, up 131% yoy and 34% above consensus.Paints very strong, while Coatings is below expectations - Decorative Paints reve...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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