AkzoNobel : Q3 24 preview (October 23)
>Towards the lower end of the guidance - Akzo is set to report results for the third quarter on October 23. For the group, we forecast Q3 24 revenues of € 2,770m (+1% yoy, slightly higher than ccs) and € 407m adj. EBITDA, the latter in line with management guidance (‘similar to Q2 24’). The company maintained FY24 guidance at H1 24 results (adj. EBITDA € 1.50-1.65bn) though is now projecting to hit the lower end of the range. If end-markets remain weak (e.g. no 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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