AkzoNobel : Painting the town red by 2Q22?
>Management confident raw materials easing & meeting EBITDA target - Management struck a very confident tone during the 4Q21 earnings call regarding both an anticipated easing of raw material pricing (during 2Q22) as well as its ability to reach its FY23 target of €2bn for EBITDA (Vara consensus currently 7% below this figure). This should be driven by 1) ongoing cost savings programmes, 2) top-line growth, and 3) raw materials costs easing (more details to follow pos...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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