AKZA.AS - Akzo Nobel N.V.

Amsterdam - Amsterdam Delayed price. Currency in EUR
80.18
+0.44 (+0.55%)
As of 12:05PM CEST. Market open.
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Previous close79.74
Open80.00
Bid0.00 x 0
Ask0.00 x 0
Day's range79.22 - 80.24
52-week range45.73 - 92.12
Volume107,364
Avg. volume618,774
Market cap15.282B
Beta (5Y monthly)1.05
PE ratio (TTM)32.66
EPS (TTM)2.45
Earnings date21 Oct 2020
Forward dividend & yield1.90 (2.38%)
Ex-dividend date27 Apr 2020
1y target est84.71
  • Globe Newswire

    AkzoNobel’s Q2 results show strong focus on margin and cost savings in response to COVID-19 headwinds

    July 22, 2020 AkzoNobel’s Q2 results show strong focus on margin and cost savings in response to COVID-19 headwindsAkzo Nobel N.V. (AKZA; AKZOY) publishes results for second quarter 2020Highlights Q2 2020 * ROS, excluding unallocated costs1, increased to 14.0% (2019: 13.7%) due to strong margin management and cost savings * Headwinds related to COVID-19 eased during the quarter, with revenue almost 30% lower in April and nearly 5% lower in June * Total cost savings delivered €116 million, of which €38 million structural savings related to transformation initiatives * Net cash from operating activities improved to €308 million (2019: €152 million); maintained a strong balance sheetQ2 2020 (compared to Q2 2019) * Revenue 19% lower and 17% lower in constant currencies, with positive price/mix of 2% and 18% lower volumes, mainly due to the impact of COVID-19 * Adjusted operating income2 at €238 million (2019: €305 million); ROS was 12.0% (2019: 12.4%) * Operating income at €207 million includes €31 million negative impact from identified items, related to transformation costs (2019: €308 million, including €3 million positive identified items); OPI margin was 10.4% (2019: 12.6%) * Net income attributable to shareholders at €129 million (2019: €231 million) * Adjusted EPS from continuing operations at €0.80 (2019: €0.96); EPS from total operations at €0.68 (2019: €1.07) AkzoNobel CEO, Thierry Vanlancker, commented: “Despite lower end market demand, our business return on sales increased 30 basis points to 14% for the second quarter as a result of continued focus on margin management and cost-saving measures.“I’m extremely proud of our teams around the world, who have continued to focus on serving our customers and delivered this resilient performance while also helping many communities affected by the pandemic.“Our rigorous cash management and strong balance sheet put us in a sound position to deal with the ongoing uncertainty from COVID-19 as we strive to deliver powerful performance as a frontrunner in our industry.”AkzoNobel in € millions Q2 2019 Q2 2020 Δ% Δ% CC3 Revenue 2,451 1,987 (19%) (17%) Adjusted operating income2 305 238 (22%)   ROS 12.4% 12.0%     ROS, excluding unallocated costs1 13.7% 14.0%     Operating income 308 207 (33%)     Recent highlights Partnership with SOS Children’s Villages extended Our global partnership with SOS Children’s Villages has been extended for another three years. Part of our “Let’s Colour” initiative, the collaboration has already benefited more than 20,000 children and young people all over the world. It will continue to focus on renewing living spaces and offer practical skills training so that young people, families at risk and children without adequate parental care can have a brighter future.Rising to the challenge The outbreak of COVID-19 has not only seen us continue to supply our products to critical industries around the world. Our businesses and employees have also made every effort to support local projects and community initiatives in an effort to help as many people as possible. Dulux gets tough on walls The battle to keep interior walls stain-free has escalated following the launch of Dulux EasyCare+. Reinforced with Scuff Resist technology, the paint forms a durable matt coating, providing extraordinary mechanical strength. So it prevents those familiar battle scars you often get when plastic, rubber or wood is knocked against a wall.Interpon puts the emphasis on hygiene Our Interpon powder coatings continue to make an important contribution to critical industries around the world. We recently expanded our antimicrobial offering (which already includes products for hygiene sensitive environments such as hospitals) by enhancing the functionality of our Interpon D1000 and 2000 range of architectural powder coatings. The inclusion of BioCote® antimicrobial technology means that building interiors can now be given increased protection against microbes such as bacteria and mold – which can cause issues such as bad odors, staining or material degradation.   *BioCote® technology does not protect users or others against disease-causing bacteria, germs, viruses or other harmful organisms. This technology is not a substitute for good hygiene and/or cleaning practices. Innovation out of adversity We received nearly 200 entries for our internal Paint the Future innovation challenge. It aimed to capture some of the creative thinking which emerged over the last few months following the COVID-19 outbreak, as employees improvised and learned to adapt to new and challenging situations. A group of 500 employees from across the company was invited to rate the ideas and drew up the shortlist which was used to determine the winners.  Beaming with pride Our CEO, Thierry Vanlancker, has signed the Declaration of Amsterdam to show AkzoNobel’s support for LGBTI+ inclusion. During the official signing event, he said he wanted everyone working at AkzoNobel to feel at home, and that all employees deserve a workplace where they feel respected and are offered equal opportunities, regardless of sexual orientation, race, gender or nationality. Organized by Workplace Pride, signing the declaration is a visible and very positive way for the company to show its commitment to creating an inclusive environment for everybody.  Outlook: AkzoNobel has suspended its 2020 financial ambition in response to the significant market disruption resulting from the pandemic. COVID-19 will continue to impact the second half of 2020, although demand trends differ per region and segment in an uncertain macro-economic environment. Raw material costs are expected to have a favorable impact for the second half of 2020. Continued margin management and cost-saving programs are in place to address the current challenges. The company targets a leverage ratio of 1-2 times net debt/EBITDA by the end of 2020 and commits to retain a strong investment grade credit rating. The report for the second quarter 2020 can be viewed and downloaded at  https://akzo.no/Q22020-Report          1 ROS excluding unallocated cost is adjusted operating income as percentage of revenue for Decorative Paints and Performance Coatings; it excludes unallocated corporate center costs 2 Adjusted operating income = operating income excluding identified items 3 Constant Currencies calculations exclude the impact of changes in foreign exchange ratesAbout AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 33,000 talented people who are passionate about delivering the high-performance products and services our customers expect.Not for publication – for more informationMedia Relations Investor Relations T +31 (0)88 – 969 7833 T +31 (0)88 – 969 7856 Contact: Joost Ruempol Media.relations@akzonobel.com Contact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe harbor statement This media release contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. www.akzonobel.com. Attachments * 20200722 Investor Update Q2 2020 * 20200722 report Q2 2020 * 20200722 PDF Media release Q2 2020

  • Globe Newswire

    AkzoNobel delivers robust profitability during Q2, despite COVID-19 headwinds

    July 13, 2020 AkzoNobel delivers robust profitability during Q2, despite COVID-19 headwindsAkzo Nobel N.V. (AKZA; AKZOY) today provides a further update on recent business performance and announces preliminary financial results for the second quarter of 2020:  * Revenue 19% lower at €1,987 million (2019: €2,451 million) * Adjusted operating income1 €238 million (2019: €305 million) * ROS2, excluding unallocated cost, increased to 14% (2019: 13.7%) Market headwinds continued to ease during Q2, although revenue for June was nearly 5% lower than the same month in 2019. As previously announced, revenue for May was around 20% lower than last year, while market headwinds were strongest during April, when revenue was almost 30% lower compared with 2019.Trends have differed significantly per region and segment. Demand for Decorative Paints rebounded strongly in Europe – and faster than company planning assumptions. By the end of the second quarter, China had almost recovered to previous levels, although other regions continued to be impacted by varied degrees of lockdown. As expected, demand for Performance Coatings continued to improve during the quarter, although remained significantly below the previous year, especially for automotive and aerospace related markets.Strong margin management and strict temporary cost-saving measures have helped to compensate for lower end market demand.AkzoNobel will provide further information and publish financial results for the second quarter and half-year on July 22, 2020.1 Adjusted operating income = Operating income excluding identified items 2 ROS = Adjusted operating income as percentage of revenue (excluding unallocated cost)This is a public announcement by Akzo Nobel N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014).About AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 33,500 talented people who are passionate about delivering the high-performance products and services our customers expect.Not for publication – for more informationMedia Relations Investor Relations T +31 (0)88 – 969 7833 T +31 (0)88 – 969 7856 Contact: Diana Abrahams Media.relations@akzonobel.com Contact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe Harbor Statement This media release contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. www.akzonobel.com. Attachment * 20200713 PDF Media release AkzoNobel delivers robust profitability during Q2, despite COVID-19 headwinds

  • Globe Newswire

    AkzoNobel weathering COVID-19 storm

    June 11, 2020 AkzoNobel weathering COVID-19 stormAs the complex situation regarding the global pandemic continues to evolve, AkzoNobel (AKZA; AKZOY) remains focused on ensuring employee health and safety and maintaining business continuity.The various steps taken to continue serving customers and rapidly reduce costs are proving successful, while at the same time keeping the organization intact and able to respond quickly to changes in end market demand.During the first quarter, COVID-19 adversely impacted revenue by around minus 5%. Asia was most affected throughout Q1, with other regions impacted only from the second half of March onwards.In more recent months, end market demand has evolved in line with company planning assumptions. Market headwinds were strongest during April and resulted in revenue almost 30% lower versus last year. Demand improved as some lockdown measures started to ease, although revenue for May remained around 20% below 2019.Distribution channels for Decorative Paints have mostly reopened in China and Europe, with demand returning towards previous levels. Varying degrees of market disruption persist in the rest of Asia and South America. Demand for Performance Coatings has also improved, although at a much slower pace than for Decorative Paints. Segments related to automotive and aerospace industries continue to be more significantly impacted than others. Market headwinds are expected to ease further throughout June, although continue to differ per region and segment.  Various cost-saving measures and strict margin management continue to be implemented throughout the organization to help compensate. AkzoNobel has also maintained a strong balance sheet due to rigorous cash management and robust working capital controls.Commenting on the evolving situation, AkzoNobel CEO, Thierry Vanlancker, said: “We’re weathering the COVID-19 storm, taking care of our employees while protecting our business. Thank you to everyone at AkzoNobel for working hard to continue serving our customers and provide many essential products for critical industries, while following all necessary health and safety measures.“Although the pandemic situation forced us to pause key parts of our transformation, our teams have focused on minimizing all discretionary costs, as well as carefully managing cash and working capital. The actions we’ve taken, together with our strong balance sheet, provide a solid platform for AkzoNobel to perform as an industry frontrunner.”Financial results for the second quarter will be announced on July 22, 2020.About AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 33,500 talented people who are passionate about delivering the high-performance products and services our customers expect. Not for publication – for more informationMedia RelationsInvestor Relations T +31 (0)88 – 969 7833T +31 (0)88 – 969 7856 Contact: Joost Ruempol Media.relations@akzonobel.comContact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe Harbor Statement This media release contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. www.akzonobel.com.Attachment * 20200611 PDF Weathering the COVID-19 storm media release

  • Globe Newswire

    AkzoNobel finalizes €500 million share buyback

    April 28, 2020 AkzoNobel finalizes €500 million share buybackAkzoNobel (AKZA; AKZOY) has repurchased 328,400 of its own ordinary shares in the period from April 20, 2020, up to and including April 24, 2020, at an average price of €67.31 per share. The consideration of the repurchase was €22.10 million.This finalizes a €500 million share buyback announced on October 23, 2019. The share repurchase program was due to be completed in the first half of 2020. The total number of shares repurchased under the program was 6,537,254 ordinary shares. It is intended that the shares will be cancelled.AkzoNobel has a strong balance sheet and solid cash position. At March 31, 2020, cash and cash equivalents were €0.8 billion and financial leverage was 1.2 (net debt/EBITDA). The company has a €1.3 billion unutilized revolving credit facility with a maturity of 2025. The next bond maturity is €750 million in July 2022. In addition, the company has sufficient access to commercial paper and bank credit facilities. AkzoNobel targets a leverage ratio of 1-2 times (net debt/EBITDA) by the end of 2020 and commits to retain a strong investment grade credit rating.This share buyback was implemented within the limitations of the authority granted by the Annual General Meeting (AGM) on April 25, 2019. The share repurchase program was conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the safe harbor parameters prescribed by the Commission Delegated Regulation 2016/1052 for share buybacks.In accordance with regulations, AkzoNobel has informed the market about the progress made in the execution of this program through weekly updates and at https://www.akzonobel.com/for-investors/shares/share-buyback-overviewAbout AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 33,500 talented people who are passionate about delivering the high-performance products and services our customers expect.Not for publication – for more informationMedia RelationsInvestor Relations T +31 (0)88 – 969 7833T +31 (0)88 – 969 7856 Contact: Joost Ruempol Media.relations@akzonobel.comContact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe Harbor Statement This media release contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. www.akzonobel.com. .Attachments * 20200428 PDF Media release AkzoNobel finalizes share buyback * 240420 AkzoNobel_Weekly Report

  • Reuters - UK Focus

    LIVE MARKETS-"I’m from the government, and I’m here to help"

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. There was a time Ronald Reagan was cheered when he said the most terrifying words in the English language are "I’m from the government, and I’m here to help".

  • Reuters - UK Focus

    LIVE MARKETS-Loads of e-meetings, no game-changing decisions

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The internal EU divisions over Italy is feeding euro scepticism: Nomura says that the Eurozone membership prevents Italy from saving its own people.

  • Reuters - UK Focus

    LIVE MARKETS-Gold could reach $3,000 threshold in 18 months

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. In addition to interest rates and nominal GDP, "central bank balance sheets or official gold reserves will remain the key determinants of gold prices," BofA says in a research note.

  • Reuters - UK Focus

    LIVE MARKETS-On the radar: Investors back to the stock market

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Another day in risk-off mood as concerns about coronavirus impact on the economy are keeping oil prices under pressure, but investors are back to the stock market after yesterday's selloff.

  • Akzo Nobel's first-quarter profit jumps as it braces for coronavirus woes
    Reuters

    Akzo Nobel's first-quarter profit jumps as it braces for coronavirus woes

    Dutch paints and coatings maker Akzo Nobel on Wednesday reported a big jump in first-quarter profits but warned the full impact of the global coronavirus pandemic was still to come. The maker of Dulux paints said cost savings had helped its adjusted operating income up 31% in the January-March period, to 214 million euros ($232.1 million). Sales fell 6% to 2.06 billion euros as the coronavirus pandemic hit demand in Asia, where sales of decorative paints dropped more than a quarter as shops closed down.

  • AkzoNobel’s Q1 results show 31% profitability improvement, despite headwinds from COVID-19
    Globe Newswire

    AkzoNobel’s Q1 results show 31% profitability improvement, despite headwinds from COVID-19

    Photo CEO Thierry Vanlancker CEO Thierry VanlanckerApril 22, 2020 AkzoNobel’s Q1 results show 31% profitability improvement, despite headwinds from COVID-19Akzo Nobel N.V. (AKZA; AKZOY) publishes results for first quarter 2020Highlights Q1 2020 * Adjusted operating income1 up 31% at €214 million (2019: €163 million), despite impact from COVID-19 * Return on Sales, excluding unallocated costs,2 increased to 12.4% (2019: 9.1%) with price/mix up 2% * Operating income up 65% at €187 million (2019: €113 million); OPI margin improved to 9.1% (2019: 5.2%) * Transformation and other savings delivered €44 million lower costs (compared with the first quarter of 2019) * €408 million of €500 million share buyback program executed during Q1 2020Q1 2020 (compared to Q1 2019) * Revenue 6% lower and 5% lower in constant currencies3, with positive price/mix of 2% more than offset by 7% lower volumes, mainly due to the impact of COVID-19 * Operating income at €187 million includes €27 million negative impact from identified items, related to transformation costs (2019: €113 million, including €50 million negative identified items related to transformation costs and non-cash impairments); OPI margin improved to 9.1% (2019: 5.2%) * Net income from total operations at €114 million (2019: €65 million) * Adjusted EPS from continuing operations up 54% at €0.71 (2019: €0.46), EPS from total operations at €0.59 (2019: €0.28)AkzoNobel CEO, Thierry Vanlancker, commented:“Just like many around the world, we’re dealing with challenges from COVID-19. Our top priority at AkzoNobel is the health and safety of our colleagues. As a business, we’re also taking all reasonable steps to continue serving our customers and make sure AkzoNobel remains in a strong position to weather the storm.“Our results for the first quarter demonstrate our transformation was fully on track, even though COVID-19 already had a significant impact, especially in China and later in the quarter other regions of the world. Our performance improvement accelerated, resulting in business return on sales 330 basis points higher at 12.4%. These results were possible due to the passion and commitment of everyone at AkzoNobel who have been working – and winning – together during unprecedented circumstances.“While things are gradually returning to normal in China, COVID-19 headwinds are increasing for most of the world and will have a significant impact during Q2. Although we’ve been forced to pause key parts of our transformation and suspend our 2020 financial ambition, we’re eager to quickly resume our positive momentum once markets normalize.”AkzoNobel in € millions Q1 2019 Q1 2020 Δ% Δ% CC3 Revenue 2,185 2,058 (6%) (5%) Adjusted operating income1 163 214 31%   ROS 7.5% 10.4%     ROS, excluding unallocated costs2 9.1% 12.4%     Operating income 113 187 65%   Recent highlights Ultimate rust-busting metal paint launched A new wave of exterior water-based paint has been launched by AkzoNobel which offers superior metal protection. Hammerite Ultima can be applied directly onto any metal surface – as well as rust – without the need for a primer. Suitable for anything from gates and fences to railings and garden furniture, the new product is now available in Germany, Spain and France and is scheduled to be launched onto other markets in due course.Community healthcare project in India switches focus to COVID-19 response Villagers living near Bangalore are receiving initial screening for COVID-19 through an existing e-health initiative which had been set up as part of the company’s AkzoNobel Cares program. Following the outbreak, the focus of the community healthcare project was changed to help tackle the virus. More than 1,000 people have been tested to date.Rapid response contributes to construction of hospital in China When Chinese authorities announced they were about to rapidly construct a hospital in Yinchuan – capital city of the Ningxia Hui Autonomous Region – the local AkzoNobel organization sprang into action. The facility was being built as an expansion project at the existing Fourth People's Hospital of Ningxia. However, as the work was taking place during the Spring Festival in February, paint was in short supply. AkzoNobel moved quickly to donate 450 tins of Dulux Pro interior emulsion during the early days of the project. It helped to ensure that the new buildings could be completed on time (in just 15 days) as part of an urgent local response to the COVID-19 outbreak.Supply deal secured with leading car manufacturer The BMW Group has chosen AkzoNobel to be a trusted supplier of vehicle refinish products and services to a large part of its distribution network around the world. The deal came into effect on February 1, 2020. Covering 44 locations, the agreement means that the company’s premium Sikkens and Lesonal brands are now approved for paint repairs of BMW and Mini passenger cars at authorized dealers, repairers, importers and national BMW Group branches.Automotive training center in Poland doubled in size One of the company’s automotive training centers has been given a new lease of life. Now restored and expanded, the new facility in Pruszków, Poland, has doubled in size and is the company’s most advanced automotive training center in Europe. Featuring state-of-the-art equipment, it will serve as a hub of learning and collaboration, hosting more than 1,000 people a year.First wave of sustainability ambitions for 2030 announced The first in a series of challenging sustainability ambitions has been announced by AkzoNobel, designed to accelerate the newly focused paints and coatings company towards zero waste and cut carbon emissions in half by 2030. These two key ambitions – and their related targets – are the first in a wave of measures and focus on the “Planet” element of the company’s new “People. Planet. Paint.” approach to sustainability. The associated targets for 2030 include a 30% reduction in energy use, 100% renewable electricity, 100% water reuse at the company’s most water intensive sites and zero non-reusable waste. Outlook: AkzoNobel has paused key parts of the company’s transformation and suspended its 2020 financial ambition in response to the significant market disruption resulting from the COVID-19 pandemic. Headwinds related to COVID-19 are increasing for most parts of the world and will have a significant impact during Q2. Demand trends differ per region and segment in an uncertain macro-economic environment. Raw material costs are expected to have a moderately favorable impact for the first half of 2020. Continued margin management and cost-saving programs are in place to address the current challenges. Once markets normalize, AkzoNobel intends to resume its positive momentum and drive performance in line with industry frontrunners. The company targets a leverage ratio of 1-2 times net debt/EBITDA by the end of 2020 and commit to retain a strong investment grade credit rating. The report for the first quarter 2020 can be viewed and downloaded at https://akzo.no/Q12020          1 Adjusted operating income = operating income excluding identified items 2 ROS excluding unallocated cost is adjusted operating income as percentage of revenue for Decorative Paints and Performance Coatings; it excludes unallocated corporate center costs 3 Constant Currencies calculations exclude the impact of changes in foreign exchange ratesThis is a public announcement by Akzo Nobel N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014).About AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 33,500 talented people who are passionate about delivering the high-performance products and services our customers expect.Not for publication – for more informationMedia Relations Investor Relations T +31 (0)88 – 969 7833 T +31 (0)88 – 969 7856 Contact: Joost Ruempol Media.relations@akzonobel.com Contact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe harbor statement This media release contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. www.akzonobel.com. Attachments * 20200422 PDF Media release Q1 2020 FINAL * Photo CEO Thierry Vanlancker * 20200421 Q1 report 2020 Final

  • Globe Newswire

    AkzoNobel share buyback (April 13, 2020 – April 17, 2020)

    April 21, 2020 AkzoNobel share buyback (April 13, 2020 – April 17, 2020)AkzoNobel (AKZA; AKZOY) has repurchased 45,000 of its own ordinary shares in the period from April 13, 2020, up to and including April 17, 2020, at an average price of €63.31 per share. The consideration of the repurchase was €2.85 million.This is part of a repurchase program announced on October 23, 2019. AkzoNobel intends to repurchase common shares up to a value of €500 million. The total number of shares repurchased under this program to date is 6,208,854 ordinary shares for a total consideration of €472.88 million.The share buyback is due to be completed in the first half of 2020. The company has engaged a third party to manage the program and perform transactions on its behalf. It is intended that the shares will be cancelled following repurchase.The share buyback will be implemented within the limitations of the authority granted by the Annual General Meeting (AGM) on April 25, 2019. The share repurchase program will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the safe harbor parameters prescribed by the Commission Delegated Regulation 2016/1052 for share buybacks.In accordance with regulations, AkzoNobel will inform the market about the progress made in the execution of this program through weekly updates and at https://www.akzonobel.com/for-investors/shares/share-buyback-overviewAbout AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 34,000 talented people who are passionate about delivering the high-performance products and services our customers expect.Not for publication – for more informationMedia RelationsInvestor Relations T +31 (0)88 – 969 7833T +31 (0)88 – 969 7856 Contact: Joost Ruempol Media.relations@akzonobel.comContact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe Harbor Statement This report contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. .Attachments * 20200421 PDF Media release Share buyback * 170420 AkzoNobel_Weekly Report

  • Globe Newswire

    AkzoNobel share buyback (April 6, 2020 – April 10, 2020)

    April 14, 2020 AkzoNobel share buyback (April 6, 2020 – April 10, 2020)AkzoNobel (AKZA; AKZOY) has repurchased 195,000 of its own ordinary shares in the period from April 6, 2020, up to and including April 10, 2020, at an average price of €62.27 per share. The consideration of the repurchase was €12.14 million.This is part of a repurchase program announced on October 23, 2019. AkzoNobel intends to repurchase common shares up to a value of €500 million. The total number of shares repurchased under this program to date is 6,163,854 ordinary shares for a total consideration of €470.04 million.The share buyback is due to be completed in the first half of 2020. The company has engaged a third party to manage the program and perform transactions on its behalf. It is intended that the shares will be cancelled following repurchase.The share buyback will be implemented within the limitations of the authority granted by the Annual General Meeting (AGM) on April 25, 2019. The share repurchase program will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the safe harbor parameters prescribed by the Commission Delegated Regulation 2016/1052 for share buybacks.In accordance with regulations, AkzoNobel will inform the market about the progress made in the execution of this program through weekly updates and at https://www.akzonobel.com/for-investors/shares/share-buyback-overviewAbout AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 34,000 talented people who are passionate about delivering the high-performance products and services our customers expect.Not for publication – for more informationMedia Relations Investor Relations T +31 (0)88 – 969 7833 T +31 (0)88 – 969 7856 Contact: Joost Ruempol Media.relations@akzonobel.com Contact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe Harbor Statement This press release contains statements which address such key issues such as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest annual report, a copy of which can be found on our website: www.akzonobel.com. Attachments * 20200414 PDF Media release Share buyback * 100420 AkzoNobel_Weekly Report

  • Globe Newswire

    AkzoNobel share buyback (March 30, 2020 – April 3, 2020)

    April 7, 2020 AkzoNobel share buyback (March 30, 2020 – April 3, 2020)AkzoNobel (AKZA; AKZOY) has repurchased 415,000 of its own ordinary shares in the period from March 30, 2020, up to and including April 3, 2020, at an average price of €58.75 per share. The consideration of the repurchase was €24.38 million.This is part of a repurchase program announced on October 23, 2019. AkzoNobel intends to repurchase common shares up to a value of €500 million. The total number of shares repurchased under this program to date is 5,968,854 ordinary shares for a total consideration of €457.89 million.The share buyback is due to be completed in the first half of 2020. The company has engaged a third party to manage the program and perform transactions on its behalf. It is intended that the shares will be cancelled following repurchase.The share buyback will be implemented within the limitations of the authority granted by the Annual General Meeting (AGM) on April 25, 2019. The share repurchase program will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the safe harbor parameters prescribed by the Commission Delegated Regulation 2016/1052 for share buybacks.In accordance with regulations, AkzoNobel will inform the market about the progress made in the execution of this program through weekly updates and at https://www.akzonobel.com/for-investors/shares/share-buyback-overviewAbout AkzoNobel AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 34,000 talented people who are passionate about delivering the high-performance products and services our customers expect.Not for publication – for more informationMedia RelationsInvestor Relations T +31 (0)88 – 969 7833T +31 (0)88 – 969 7856 Contact: Joost Ruempol Media.relations@akzonobel.comContact: Lloyd Midwinter Investor.relations@akzonobel.com   Safe Harbor Statement This press release contains statements which address such key issues such as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest annual report, a copy of which can be found on our website: www.akzonobel.com.Attachments * 20200407 PDF Media release Share buyback * 030420 AkzoNobel_Weekly Report

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    Akzo Nobel targets rival-beating growth

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    Reuters

    Akzo Nobel reports worse than expected fourth-quarter earnings, demand weak

    Akzo Nobel <AKZO.AS>, the Dutch maker of paints and industrial coatings which owns the Flexa and Dulux brands, reported fourth quarter earnings on Wednesday that were lower than expected, as sales dipped amid weak demand, notably from car makers.

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    Reuters

    Akzo Nobel announces $556 million share buyback as core profit jumps

    Dutch paints and coatings maker Akzo Nobel NV <AKZO.AS> on Wednesday announced a 500 million euro ($556 million) share buyback, after reporting a 23% jump in third-quarter core profit driven by cost saving measures and higher product prices. Akzo reported an adjusted operating income of 300 million euros for the three months through September, slightly below the average expectation of analysts polled by the company. "Our profit improvement in the third quarter was strong, even though we had to deal with softer end market demand", Chief Executive Officer Thierry Vanlancker said.

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