Akzo Nobel Trims Guidance Due to Trade Spats, Euro Strength (1)

Akzo Nobel NV lowered its earnings outlook with customers more hesitant to spend amid rising global tariffs and softer economic conditions.

A stronger euro is also weighing on the paint maker, Akzo Nobel said Wednesday. The maker of Dulux paints now expects around €1.48 billion ($1.7 billion) in adjusted earnings before interest, taxes, depreciation this year, down from previously seeing earnings above this level.

Tariffs are “creating a geopolitical and economic uncertainty and you see it in the way our businesses perform,” Chief Executive Grégoire Poux-Guillaume said in a phone interview. “Pitting China against the US and countermeasures have a ...