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Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Akzonobel Q2 Adjusted Operating Income Up At 305 Million Euros
Wednesday, 24 Jul 2019 

July 24 (Reuters) - AKZO NOBEL NV ::AKZONOBEL’S Q2 RESULTS SHOW PROGRESS TOWARDS 15 BY 20 STRATEGY, WITH ADJUSTED OPERATING INCOME UP 36%, DESPITE CONTINUED EXTERNAL HEADWINDS.Q2 ADJUSTED EARNINGS PER SHARE EUR 0.96 FROM CONTINUING OPERATIONS.TRANSFORMATION ON TRACK AND DELIVERED EUR 43 MILLION COST SAVINGS.Q2 ADJUSTED OPERATING INCOME EUR 305 MILLION VERSUS EUR 287.4 MILLION IN COMPANY-COMPILED POLL.Q2 REVENUE WAS FLAT AND UP 1% IN CONSTANT CURRENCIES, WITH POSITIVE PRICE/MIX OF 5% AND ACQUISITIONS CONTRIBUTING 1%, OFFSET BY 6% LOWER VOLUMES.Q2 ADJUSTED EPS FROM CONTINUING OPERATIONS UP 85% AT EUR 0.96 (2018: EUR 0.52); EPS FROM TOTAL OPERATIONS AT EUR 1.07 (2018: EUR 1.06).Q2 DECORATIVE PAINTS ROS UP AT 13.5% (2018: 12.2%); PERFORMANCE COATINGS ROS UP AT 13.6% (2018: 11.8%).TARGET A LEVERAGE RATIO OF BETWEEN 1.0-2.0 TIMES NET DEBT/EBITDA BY END OF 2020 AND COMMIT TO RETAIN A STRONG INVESTMENT GRADE CREDIT RATING.Q2 REVENUE EUR 2.45 BILLION VERSUS EUR 2.46 BILLION IN COMPANY-COMPILED POLL.CONTINUE EXECUTING OUR TRANSFORMATION TO DELIVER NEXT EUR 200 MILLION COST SAVINGS BY 2020, INCURRING ONE-OFF COSTS IN 2019 AND 2020.Q2 COMPANY COMPILED POLL: REVENUE EUR 2.46 BILLION; ADJUSTED OPERATING INCOME 287.4 MILLION.Q2 COMPANY COMPILED POLL: NET INCOME ATTRIBUTABLE TO SHAREHOLDERS EUR 169.9 MILLION.CONTINUES EXECUTING TRANSFORMATION TO DELIVER NEXT €200 MILLION COST SAVINGS BY 2020, INCURRING ONE-OFF COSTS IN 2019 AND 2020.  Full Article

Akzo Nobel Q1 Adjusted Operating Income Up At 163 Million Euros
Wednesday, 24 Apr 2019 

April 24 (Reuters) - AKZO NOBEL NV ::ON TRACK TO RETURN A TOTAL OF €6.5 BILLION TO SHAREHOLDERS.Q1 ADJUSTED OPERATING INCOME 9% HIGHER AT EUR 163 MILLION.Q1 COST-SAVING PROGRAMS DELIVERED EUR 38 MILLION.Q1 VOLUMES LOWER DUE TO VALUE OVER VOLUME STRATEGY.Q1 ADJUSTED OPERATING INCOME EUR 163 MILLION VERSUS EUR 176 MILLION IN REUTERS POLL.€639 MILLION CASH PAYMENTS TO MAIN UK PENSION PLANS.OUR TRANSFORMATION PLANS FOR CREATING A MORE FIT-FOR-PURPOSE ORGANIZATION ARE ON TRACK AND DELIVERED SAVINGS OF EUR 38 MILLION DURING QUARTER.Q1 ONGOING PRICING INITIATIVES RESULTED IN PRICE/MIX UP 6%.Q1 REVENUES EUR 2.18 BILLION VERSUS EUR 2.20 BILLION IN REUTERS POLL.Q1 ROS, EXCLUDING UNALLOCATED COSTS, INCREASED TO 9.1% (2018: 8.7%).DEMAND TRENDS DIFFER PER REGION AND SEGMENT IN AN UNCERTAIN MACRO-ECONOMIC ENVIRONMENT..RAW MATERIAL INFLATION IS EXPECTED TO CONTINUE DURING FIRST HALF OF 2019, ALTHOUGH AT A LOWER RATE THAN 2018..ROBUST PRICING INITIATIVES AND COST-SAVING PROGRAMS ARE IN PLACE TO ADDRESS CURRENT CHALLENGES..WE CONTINUE EXECUTING OUR TRANSFORMATION TO DELIVER NEXT EUR 200 MILLION COST SAVINGS BY 2020, INCURRING ONE-OFF COSTS IN 2019 AND 2020.WE TARGET A LEVERAGE RATIO OF BETWEEN 1.0-2.0 TIMES NET DEBT/EBITDA BY END OF 2020 AND COMMIT TO RETAIN A STRONG INVESTMENT GRADE CREDIT RATING..  Full Article

Akzonobel Starts €2.5 Billion Share Buyback On Feb 25 To Be Completed By End 2019
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - AKZO NOBEL NV ::AKZONOBEL STARTS €2.5 BILLION SHARE BUYBACK ON FEBRUARY 25 TO BE COMPLETED BY END 2019.INTENDS TO REPURCHASE COMMON SHARES UP TO A VALUE OF EUR 2.5 BILLION.SHARE BUYBACK WILL START ON OR AROUND FEBRUARY 25, 2019 AND IS DUE TO BE COMPLETED BY END OF 2019.IT IS INTENDED THAT SHARES WILL BE CANCELLED FOLLOWING REPURCHASE..  Full Article

AkzoNobel To Conduct 2 Billion Euros Capital Repayment And Share Consolidation
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - AKZONOBEL NV ::REG-AKZONOBEL TO CONDUCT €2 BILLION CAPITAL REPAYMENT AND SHARE CONSOLIDATION, RETURNING VAST MAJORITY OF NET PROCEEDS FROM SALE OF SPECIALTY CHEMICALS.SPECIAL CASH DIVIDEND OF EUR 1 BILLION AND SHARE BUYBACK OF EUR 2.5 BILLION WILL BE CONDUCTED FOLLOWING CAPITAL REPAYMENT AND SHARE CONSOLIDATION.A TOTAL OF EUR 6.5 BILLION WILL HAVE BEEN DISTRIBUTED TO SHAREHOLDERS.  Full Article

AkzoNobel Acquires Xylazel in Spain
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL LEADING IN DECORATIVE PAINTS AND WOODCARE IN SPAIN WITH THE ACQUISITION OF XYLAZEL S.A..ACQUIRED XYLAZEL S.A. (XYLAZEL), A 100% SUBSIDIARY OF PHARMA MAR S.A. (PHM)..XYLAZEL HAS ABOUT 100 EMPLOYEES; REVENUE FOR 2017 TOTALED APPROXIMATELY EUR 20 MILLION..  Full Article

Carlyle Group and GIC Appoint Charles Shaver As CEO For Akzonobel Specialty Chemicals
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Carlyle Group::CO & GIC APPOINT CHARLES SHAVER AS NEW CEO FOR AKZONOBEL SPECIALTY CHEMICALS PENDING COMPLETION OF SALE.UPON COMPLETION OF SALE, CEO OF SPECIALTY CHEMICALS, WERNER FUHRMANN WILL RETURN TO RETIREMENT.  Full Article

AkzoNobel Acquires Fabryo Corporation In Romania
Monday, 18 Jun 2018 

June 18 (Reuters) - AKZO NOBEL NV ::AKZONOBEL TO ACHIEVE NUMBER ONE POSITION IN ROMANIA WITH ACQUISITION OF FABRYO.HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF THE SHARES OF FABRYO CORPORATION.TRANSACTION IS EXPECTED TO BE COMPLETED IN THE SECOND HALF OF 2018.  Full Article

AkzoNobel Specialty Chemicals Expands Organic Peroxide Capacity In India
Wednesday, 23 May 2018 

May 23 (Reuters) - AkzoNobel Specialty Chemicals::AKZONOBEL SPECIALTY CHEMICALS EXPANDS ORGANIC PEROXIDE CAPACITY IN INDIA.AKZONOBEL SPECIALTY CHEMICALS - FOUR MILLION EUROS INVESTMENT WILL INCREASE CAPACITY BY 80 PERCENT; EXPANSION EXPECTED TO BE COMPLETED BY 2018 END.AKZONOBEL SPECIALTY CHEMICALS - CO ALSO INVESTING IN MONOCHLOROACETIC ACID PROJECT JOINTLY WITH ATUL IN GUJARAT, DUE TO START PRODUCTION IN 2019.  Full Article

Akzonobel FY EBIT at EUR 1.53 Billion; Reconfirms Financial Guidance For 2020
Thursday, 8 Mar 2018 

March 8 (Reuters) - Akzo Nobel Nv ::REG-AKZONOBEL DELIVERS IMPROVED RESULTS FOR 2017; RECONFIRMS FINANCIAL GUIDANCE FOR 2020.TOTAL DIVIDEND PER SHARE PROPOSED FOR 2017 UP 52% TO EUR 2.50.2020 FINANCIAL GUIDANCE RECONFIRMED.FY NET INCOME ATTRIBUTABLE TO SHAREHOLDERS AT EUR 832 MILLION (2016: EUR 970 MILLION).FY REVENUE, INCLUDING DISCONTINUED OPERATIONS, UP 3% (UP 4% EXCLUDING CURRENCY IMPACT) AT EUR 14,575 MILLION.HEADWINDS EXPERIENCED DURING 2017 ARE PROJECTED TO CONTINUE IN 2018.FY EBIT(1), INCLUDING DISCONTINUED OPERATIONS, UP 2% TO EUR 1,525 MILLION.ANTICIPATES ONGOING POSITIVE DEVELOPMENTS FOR DECORATIVE PAINTS IN ALL REGIONS, PARTICULARLY ASIA.OUTLOOK AKZONOBEL PAINTS AND COATINGS: HEADWINDS EXPERIENCED DURING 2017, ARE PROJECTED TO CONTINUE IN 2018.  Full Article

AkzoNobel Selects Nils Andersen As Next Chairman Of Supervisory Board
Monday, 5 Mar 2018 

March 5 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL SELECTS NILS ANDERSEN AS NEXT CHAIRMAN OF SUPERVISORY BOARD.  Full Article

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Nobel-winning author Toni Morrison dead at 88

U.S. author Toni Morrison, whose 1987 novel "Beloved" about a runaway slave won a Pulitzer Prize and contributed to a body of work that made her the first black woman to be presented the Nobel Prize in Literature, has died at the age of 88, her publisher said on Tuesday. | Video