AkzoNobel revenue up 19% due to strong pricing, despite increased macroeconomic headwinds impacting results

Highlights Grow & Deliver (compared with Q3 2021) Highlights Q3 2022 (compared with Q3 2021)   AkzoNobel CEO, Thierry Vanlancker, commented: “Our €201 million adjusted operating income excluding the retrospective impact of hyperinflation accounting bring our Q3 results in line with the market update issued at the end of September. Sharply increased macro-economic uncertainties negatively impacted consumer confidence. This resulted in destocking across several distribution … Continue reading AkzoNobel revenue up 19% due to strong pricing, despite increased macroeconomic headwinds impacting results

AkzoNobel provides Q3 update following high macro-economic uncertainty

AkzoNobel provides a Q3 update as high macro-economic uncertainty – especially in Europe and China – led to near historical low consumer confidence. In anticipation, customers and channel partners in the paints and coatings industry are proactively destocking in these regions. The Q3 adjusted operating income is now expected to be in the range of €195 million to €215 million (2021: €241 million), excluding a … Continue reading AkzoNobel provides Q3 update following high macro-economic uncertainty