Akzo Nobel Flags Flat Earnings Outlook as Shares Drop 4.9% [Yahoo! Finance]
AKZO NOBEL N V S/ADR (AKZOY)
US:NASDAQ Investor Relations:
akzonobel.com/for-investors/shares/adr
Company Research
Source: Yahoo! Finance
remains soft, limiting the scope for near-term earnings improvement. The Dutch paint maker said it expects adjusted EBITDA of at least 1.47 billion this year, a level that is only slightly above last year and comes in just below analyst expectations. Chief executive Greg Poux-Guillaume said the macroeconomic backdrop has not been supportive, with customers in North America and other regions continuing to hold back amid trade frictions and geopolitical uncertainty. Warning! GuruFocus has detected 8 Warning Signs with AKZOF. Is AKZOF fairly valued? Test your thesis with our free DCF calculator. The cautious outlook weighed on investor sentiment, with Akzo Nobel shares falling as much as 4.9% in Amsterdam, the sharpest intraday decline since October, even though the stock is still up around 6% over the past year. Management pointed to weakness in the performance coatings division in the fourth quarter, particularly in North America, while demand in Mexico was affected by tariff-rel
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