AkzoNobel : Climbing the raw material mountain
>2Q21 adjusted operating income 3% below consensus - On 21 July, AkzoNobel reported 2Q21 results that were below market expectations. Adjusted operating income of € 335m was up 41% yoy, but 3% below consensus (Vara). The miss was predominantly driven by Performance Coatings, which reported adjusted operating income of € 179m, up 74% yoy, but 8% below consensus.Paints and Coatings both below expectations - Decorative Paints revenues were up 21% yoy at ...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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