AkzoNobel : Difficult 1H23 foreseen
>4Q22 preview: difficult Europe and China - AkzoNobel is set to report its 4Q22 results on 8 February. We anticipate both Deco Paints and Performance Coatings to be significantly impacted by weak housing/construction related activity (AAOBe group volume -10%). Despite Chinese lockdowns having been lifted in December, soaring cases are likely to slow down volumes in the country. We look for 4Q22 Adj. EBIT of € 126m and expect AkzoNobel to present a FY23 operating profi...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.
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