Akzo reported consensus-beating Q1 figures, giving greater confidence for the remainder of the year, despite flagging some sensitivity to the macro-economic environment. Q2 is seen to be quite a strong quarter based on the assumption that May and June have less rain after a wet April. Management guides for an adjusted EBIT of around €300m in the quarter. When it comes to the price of raw materials, management highlighted that a continuation of lower prices is not a given.
