AkzoNobel: stock down after Q3 results
(CercleFinance.com) - AkzoNobel shares are down about 2% in Amsterdam today, after the chemicals group publishee adjusted operating income that is down to 241 million euros for Q3 2021, with its margin down 5.
5 points at 10%.
At 2.41 billion euros, sales increased by 6% however, despite the supply disruptions which impacted its businesses, while raw materials and other variable costs increased by 278 million euros.
Headwinds are likely to continue into 2022. However, the company says it has established a solid path for its Grow & Deliver ambition and remains confident in its EBITDA target of two billion euros for 2023.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
5 points at 10%.
At 2.41 billion euros, sales increased by 6% however, despite the supply disruptions which impacted its businesses, while raw materials and other variable costs increased by 278 million euros.
Headwinds are likely to continue into 2022. However, the company says it has established a solid path for its Grow & Deliver ambition and remains confident in its EBITDA target of two billion euros for 2023.
Copyright (c) 2021 CercleFinance.com. All rights reserved.