Having guided for a weak Q2, Akzo released some preliminary figures, which look a bit stronger than expected, at first sight. But adjusted figures do not reflect reality. In the parallel / adjusted world, the company beat consensus. We await the full Q2 report, which will show the real figures and we would not be surprised if the company reports some weaker than expected profitability (EBIT: Q2 19: €308m: Q2 20 est.: €157m).