2022-11-26
http://w3.windfair.net/wind-energy/news/41105-akzonobel-q2-outlook-impact-china-lockdown-business-slow-start-coatings-paints

AkzoNobel updates Q2 outlook

Image: AkzoNobelImage: AkzoNobel
Overall demand signs for paints and coatings remain robust, with North America still constrained in raw material availability and logistics, but sequentially improving. In Europe in particular, macro-economic uncertainty related to consumer confidence has increased.

Official Press Release AkzoNobel:

AkzoNobel updates Q2 outlook based on impact of China lockdowns and slower start to the EMEA DIY season

Wind Industry Profile of
AkzoNobel updates Q2 outlook based on impact of China lockdowns and slower start to the EMEA DIY season

AkzoNobel has updated its Q2 outlook based on the impact of the evolving business environment, including the effect of China lockdowns and the slower start to the EMEA DIY season.

Overall demand signs for paints and coatings remain robust, with North America still constrained in raw material availability and logistics, but sequentially improving. In Europe in particular, macro-economic uncertainty related to consumer confidence has increased. Consumer demand in the Deco DIY channels in Europe – which represent 40% of total Deco EMEA revenue – got off to a slow start in Q2, subsequently impacted by inventory reductions in the DIY channel. In June, Deco DIY channel demand improved back to 2019 levels. Despite share gains and our Deco Professional business... ... More: Official Press Release AkzoNobel

Keywords:
AkzoNobel, Q2, outlook, impact, China, lockdown, business, slow start, coatings, paints







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