Akzo Nobel publishes Q2 results

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AkzoNobel CEO, Thierry Vanlancker, commented: “Despite the significant Q2 headwinds we were able to match the volumes from pre-COVID Q2 2019."

Official Press Release AkzoNobel:

AkzoNobel revenue up 14% despite impact of lockdowns in China and destocking in EMEA DIY channels

Wind Industry Profile of
AkzoNobel revenue up 14% despite impact of lockdowns in China and destocking in EMEA DIY channels

Akzo Nobel N.V. (AKZA; AKZOY) publishes results for second quarter 2022

Highlights Grow & Deliver (compared with Q2 2021) Revenue up 14% and 10% higher in constant currencies1, pricing up 16% ROS2 at 8.7% (2021: 13.3%), resulting from lower volumes and continued raw material and freight costs inflation Adjusted EBITDA at €337 million (2021: €419 million) Acquisition of Grupo Orbis completed in April 2022. Intended acquisition of Kansai Paint’s business in Africa announced in June 2022. Intended acquisition of the liquid wheel coatings business of Germany-based Lankwitzer Lackfabrik GmbH announced in July 2022 Highlights Q2 2022 (compared with Q2... ... More: Official Press Release AkzoNobel

Akzo Nobel, revenue, second quarter, Q2, results, adjusted, EBITDA, coatings

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