AkzoNobel sees costs inflation peaking this quarter as it posts weaker earnings

AkzoNobel sees costs inflation peaking this quarter as it posts weaker earnings
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21.10.2021

MOSCOW (MRC) -- AkzoNobel's net income fell by 25.5% year on year to EUR164m in the third quarter following drop in operating profit due to significant raw material cost hikes, said the Dutch paints and coatings firm. Dutch paints and coatings maker Akzo Nobel warned on Wednesday that raw material costs inflation could peak in the fourth quarter before stabilising next year as it reported

Full article at mrcplast.com

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