AKZOY - Akzo Nobel N.V. Non-GAAP EPS of Euro0.84 revenue of Euro2.85B beats by Euro70M
- Akzo Nobel N.V. ( OTCQX:AKZOY ): Q2 Non-GAAP EPS of €0.84.
- Revenue of €2.85B (+13.5% Y/Y) beats by €70M .
- Pricing up 16%; offsetting the increase of raw material and other variable costs. Volumes 9% lower .
- Operating income at €205 million (2021: €384 million), includes €44 million negative impact from Identified items (2021: €49 million net positive impact). OPI margin 7.2% (2021: 15.3%) .
- Net cash from operating activities decreased to negative €52 million (2021: positive €168 million) .
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Akzo Nobel N.V. Non-GAAP EPS of €0.84, revenue of €2.85B beats by €70M