By Paulo Trevisani


Axalta Coating Systems Ltd. said Tuesday it expects modest foreign exchange headwinds this year, driven largely by the euro and the Brazilian real.

The company reported consolidated fourth quarter sales rose 5.8% to $1.14 billion, including a 1.2% foreign currency headwind.

For the full year, forex had a beneficial impact of 1.8% on sales, which totaled $4.42 billion, an 18.2% increase.

Axalta said its performance coatings segment's fourth quarter of 2021 sales rose 14.2% to $804 million, which included an unfavorable foreign exchange impact of 1.4% led by the euro.

Last year, the Brazilian real fell 6.8% against the US dollar, and the euro weakened 6.9% versus the greenback, according to Dow Jones Market Data.


Write to Paulo Trevisani at paulo.trevisani@wsj.com


(END) Dow Jones Newswires

02-01-22 1034ET