Azko Nobel CEO Sees Raw Material Costs Easing

The transcript discusses the company's strategy to exit its business in Russia due to sanctions and raw material dependencies. It highlights the challenges in supply chain logistics, particularly in North America, and the company's efforts to manage raw material inflation. Despite price increases, customer demand remains strong across various regions and segments, with some impact from COVID-19 and logistics issues.

What percentage of the company's turnover was in Russia before the sanctions?

• 7%

• 10%

• 2%

• 5%

How has the company managed the raw material and freight inflation?

• By cutting down on workforce

• By increasing prices to match inflation

• By sourcing cheaper materials

• By reducing production

What is the main reason for the increase in raw material costs according to the company?

• High energy costs

• Scarcity of raw materials

• Increased demand

• Government regulations

What is the company's expectation for raw material costs in the second half of 2022?

• They will fluctuate unpredictably

• They will ease as availability improves

• They will remain the same

• They will increase significantly

How has customer demand been affected by the company's price increases?

• Demand has decreased significantly

• Demand has remained strong

• Demand has become unpredictable

• Demand has shifted to other products

Which region experienced a resurgence of COVID-19 impacting supply?

• Europe

• Latin America

• North America

• China

What segment in Europe has seen steady demand due to COVID-19?

• Commercial construction

• DIY segment

• Automotive paints

• Industrial coatings