Akzo Nobel Warns of Tough Year as Slow Sales Cap Earnings

Akzo Nobel NV sees little earnings improvement this year as the Dutch paint maker contends with muted demand from customers in North America and other markets.

The Amsterdam-based firm expects adjusted earnings before interest, taxes, depreciation and amortization of at least €1.47 billion ($1.74 billion), it said Tuesday. That’s barely above last year’s result and slightly below analyst expectations.