Akzo Nobel misses second-quarter core earnings, sales forecasts

Reuters  |  AMSTERDAM 

(Reuters) - Akzo Nobel, the Dutch paints and coatings maker, on Wednesday said its operating income fell 23 percent to 225 million euros as sales slid 3 percent in the second quarter, missing market forecasts.

Analysts polled for had expected adjusted operating income to drop 15 percent to 249 million euros. Sales had been seen slipping roughly 2 percent to 2.48 billion euros.

(Reporting by Anthony Deutsch; Editing by Sunil Nair)

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First Published: Wed, July 18 2018. 11:15 IST