AkzoNobel : Higher opex impact EBITDA generation
>Weak adj. EBITDA progression mainly due to Deco - AkzoNobel posted a relatively weak Q2 24 driven by an overall positive price/mix and volume progression, the latter though c. 100bps lower vs company expectations. Adj. EBITDA was furthermore pressured by wage inflation and inefficiencies which had a roughly € 30m higher negative impact on results than anticipated. Results at Deco where impacted by weak end-markets (China and Latam) and poor weather conditions (EMEA)....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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