AkzoNobel : Too early to get excited
>3Q22 recap: AkzoNobel finally drops its FY23 EBITDA target - Despite the earlier 3Q22 profit warning (27 September), the company’s 3Q22 results still fell short of expectations (6% EBIT miss). Most notable was AkzoNobel finally biting the bullet on its FY23 Adj. EBITDA target of € 2bn (css was already 23% below this figure), citing the ongoing deterioration in the macro-economic environment to likely result in several end-markets to experience significant disruption...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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