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PPG - PPG Industries Inc News Story

$178.18 -0.9  -0.5%

Last Trade - 7:35pm

Sector
Basic Materials
Size
Large Cap
Market Cap £30.51bn
Enterprise Value £33.69bn
Revenue £10.31bn
Position in Universe 305th / 6849

BUZZ-Akzo Nobel: Rival PPG upbeat Q1 update lifts shares

Fri 16th April, 2021 8:06am
** Shares in Dulux paint maker Akzo Nobel  AKZO.AS  rise
almost 2% to the top of Amsterdam's blue-chip index  .AEX  after
an upbeat Q1 results update from rival PPG  PPG.N 
    ** PPG reported Q1 sales rising about 15% y/t to $3.9 bln,
saying it expects growth in Q2 as demand growth remains strong
across much of its portfolio  urn:newsml:reuters.com:*:nASA0208L
    ** Credit Suisse sees positive read-across to the Dutch
paint maker 
    ** Q1 European decorative paints sales growth exceeded
expectations, the brokerage says, adding it suggests upside risk
to forecasts in this market
    ** PPG is looking to offset raw material prices inflation
with product prices hikes, CS adds
    

 ((piotr.lipinski@tr.com))
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