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Risk-to-Price Commentary: Akzo Nobel N.V. Jul 11 Product Image

Risk-to-Price Commentary: Akzo Nobel N.V. Jul 11

  • Published: July 2011
  • Standard & Poors

FEATURED COMPANIES

  • Air Liquide Finance
  • Akzo Nobel N.V.
  • K+S AG
  • Koninklijke DSM N.V.
  • LANXESS Finance B.V.
  • PPG Industries Inc.
  • MORE

Abstract
On June 27, Akzo Nobel N.V., the world's biggest paint maker, said it will report an unexpected drop in second-quarter profit because of higher raw-material costs and prolonged maintenance stops within the Specialty Chemical division. The company outlined a €550 million EBITDA ($783 million), which is €614 million lower than a year earlier and €585 million lower than consensus analyst estimates, according to Capital IQ data. Akzo shares dropped 6.5% on the day of the announcement. Over the last year, Akzo Nobel shares returned negative 1% and underperformed the S&P Europe 350 Index by 28% and the S&P Europe 350 chemicals subsector by 55% (see chart 1). Following the profit warnings, a number of equity research houses, including Citi, UBS,...

Companies mentioned in this report are:
- Air Products and Chemicals Inc.
- PPG Industries Inc.
- Rohm and Haas Co.
- Akzo Nobel N.V.
- The BOC Group PLC
- Solvay S.A.
- Koninklijke DSM N.V.
- Air Liquide Finance
- Syngenta Finance N.V.
- LANXESS Finance B.V.
- Clariant Finance (Luxembourg) S.A.
- K+S AG

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- Air Products and Chemicals Inc.
- PPG Industries Inc.
- Rohm and Haas Co.
- Akzo Nobel N.V.
- The BOC Group PLC
- Solvay S.A.
- Koninklijke DSM N.V.
- Air Liquide Finance
- Syngenta Finance N.V.
- LANXESS Finance B.V.
- Clariant Finance (Luxembourg) S.A.
- K+S AG

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