AkzoNobel : Walking a tightrope to achieve mid-point of guidance
>4Q22 recap: Adj. EBIT in line with weak FCF - AkzoNobel reported FY22 results that came in in line on Adj. EBIT, but were weak on FCF, further pushing up ND/EBITDA (3.8x). We were positively surprised to see new CEO Gregoire Poux-Guillaume announce a FY23 adj. EBITDA guidance range (€ 1,200-1,500m), only being three months into the position. We particularly appreciated the CEO providing relatively detailed building blocks supporting his FY23 expectations.§ph...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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