AkzoNobel : Preview 4Q20 results due 17 February
>We forecast EBITDA of EUR 348m, in line with consensus - AkzoNobel is to report its 4Q20 results on 17 February at 07.00 CET followed by a conference call at 09.00, accessible via 1. We forecast EBITDA of EUR 348m, up 12% yoy and in line with consensus (Vara).We expect Performance Coatings to return to earnings growth - We expect 4Q20 revenues of EUR 2,098m, down 6% yoy (volumes -1%, prices +1%). We forecast Decorative Paints EBITDA of...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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