AkzoNobel : Positive read-through 1Q21 results PPG
>PPG 1Q21 EPS up 44% yoy and 20% above consensus - PPG reported 2Q21 sales of $ 3,881m, up 15% yoy and 5% above consensus (Bloomberg). Volumes were up 7% yoy, while prices were up 2%, implying 9% organic growth. Operating income of $ 631m, was up 39% yoy, as sales increased 15% yoy while the margin increased 280bps yoy to 16.3%. Adjusted EPS of $ 1.88 was up 44% yoy and 20% ahead of consensus.2Q21 EPS guidance 8% above consensus; raw materials manageable - ...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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