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Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

80.93EUR
17 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Akzo Nobel Invests In Site Upgrade To Strengthen Position In US Wood Coatings
Tuesday, 2 Apr 2019 

April 2 (Reuters) - AKZO NOBEL NV ::CONSTRUCTION IS DUE TO BEGIN IN APRIL 2019, WITH ROLLING PROJECTS EXPECTED TO BE COMPLETED BY 2020.MILESTONE MULTI-MILLION-DOLLAR INVESTMENT BY AKZONOBEL.INVESTS IN MAJOR SITE UPGRADE TO STRENGTHEN POSITION IN US WOOD COATINGS.  Full Article

Akzo Nobel FY Revenue At EUR 9.26 Bln Beats Reuters Poll
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - AKZO NOBEL NV ::WE CONTINUE EXECUTING OUR TRANSFORMATION TO DELIVER THE NEXT €200 MILLION COST SAVINGS BY 2020, INCURRING ONE-OFF COSTS IN 2019 AND 2020 - CEO.Q4 REVENUE UP 1% AND UP 4% IN CONSTANT CURRENCIES(1), WITH POSITIVE PRICE/MIX PARTLY OFFSET BY LOWER VOLUMES.Q4 VOLUMES WERE 7% LOWER (EXCLUDING CHINA, VOLUMES WERE 2% LOWER)..Q4 NET INCOME FROM TOTAL OPERATIONS AT €5,849 MILLION (2017: €75 MILLION).Q4 ADJUSTED OPERATING INCOME WAS UP €3 MILLION AT €181 MILLION (2017: €178 MILLION) DRIVEN BY PRICING INITIATIVES AND COST-SAVING PROGRAMS.WE TARGET A LEVERAGE RATIO OF BETWEEN 1.0-2.0 TIMES NET DEBT/ EBITDA BY THE END OF 2020 AND COMMIT TO RETAIN A STRONG INVESTMENT GRADE CREDIT RATING.Q4 ROS EXCLUDING UNALLOCATED COSTS , WAS UP AT 9.0% (2017: 8.4%).FY REVENUE EUR 9.26 BILLION VERSUS EUR 9.15 BILLION IN REUTERS POLL.FY NET INCOME ATTRIBUTABLE TO SHAREHOLDERS WAS €6.7 BILLION.  Full Article

AkzoNobel Confirms Details Of EUR 2 Bln Capital Repayment, Share Consolidation
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - AKZO NOBEL NV ::AKZONOBEL CONFIRMS DETAILS OF €2 BILLION CAPITAL REPAYMENT AND SHARE CONSOLIDATION.A SHARE CONSOLIDATION RATIO OF 9:8 WILL BE EFFECTIVE ON JANUARY 24, 2019.SHAREHOLDERS WILL RECEIVE A CAPITAL REPAYMENT OF €8.78 PER COMMON SHARE ON JANUARY 25, 2019..A SPECIAL CASH DIVIDEND OF €1 BILLION WILL BE PAID IN FEBRUARY 2019.SHARE BUYBACK PROGRAM OF €2.5 BILLION WILL COMMENCE SOON.  Full Article

Akzo Nobel Acquires Full Ownership Of Chinese Decorative Paints Joint Venture
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - AKZO NOBEL NV ::AKZONOBEL ACQUIRES FULL OWNERSHIP OF CHINESE DECORATIVE PAINTS JOINT VENTURE.SIGNED AND CLOSED ACQUISITION OF SWIRE INDUSTRIAL LIMITED'S MINORITY INTEREST IN AKZONOBEL SWIRE PAINTS (ANSP) JV.  Full Article

Akzo Nobel: Shareholders To Receive Additional EUR 5.5 Billion Following Specialty Chemicals Sale
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - AKZO NOBEL NV ::SHAREHOLDERS WILL RECEIVE EUR 5.5 BILLION, FOLLOWING COMPLETION OF SALE OF SPECIALTY CHEMICALS BUSINESS.THIS IS IN ADDITION TO EUR 1 BILLION ADVANCE PROCEEDS DISTRIBUTED BY A SPECIAL CASH DIVIDEND PAID ON DECEMBER 7, 2017.TOTAL OF EUR 6.5 BILLION WILL HAVE BEEN DISTRIBUTED TO SHAREHOLDERS.SHARE BUYBACK WILL COMMENCE FOLLOWING PAYMENT OF SPECIAL CASH DIVIDEND AND LIKELY BE COMPLETED DURING MIDDLE OF 2020.SHARES WILL BE CANCELED FOLLOWING REPURCHASE..€5.5 BILLION PROCEEDS WILL BE DISTRIBUTED USING CAPITAL REPAYMENT AND SHARE CONSOLIDATION OF €2 BILLION, SPECIAL CASH DIVIDEND OF €1 BILLION, AND SHARE BUYBACK OF €2.5 BILLION.ORDINARY DIVIDEND RELEVANT FOR AKZONOBEL AS FOCUSED PAINTS AND COATINGS COMPANY IS EUR 1.65 PER SHARE.DIVIDEND POLICY REMAINS 'STABLE TO RISING'.  Full Article

AkzoNobel Closes Sale Of Specialty Chemicals To Carlyle Group And GIC
Monday, 1 Oct 2018 

Oct 1 (Reuters) - AKZO NOBEL NV ::AKZONOBEL CLOSES SALE OF SPECIALTY CHEMICALS TO THE CARLYLE GROUP AND GIC.  Full Article

Akzo Nobel To Acquire Polinox's Brands And Trademarks
Friday, 20 Jul 2018 

July 20 (Reuters) - AKZO NOBEL NV ::SAYS WILL ACQUIRE POLINOX'S BRANDS AND TRADEMARKS, WHICH INCLUDE BRASNOX(®), PERBENZOX(®) AND TECNOXSUPER(®), AS WELL AS ITS CUSTOMER LIST AND PRODUCTION KNOWHOW.SAYS AKZONOBEL SPECIALTY CHEMICALS WILL INVEST TO ADD CAPACITY IN ITS OWN SITE AT ITUPEVA, BRAZIL.THE SALE IS EXPECTED TO CLOSE IN THE FOURTH QUARTER OF 2018.ACQUISITION WILL EXPAND THE COMPANY’S FOOTPRINT IN SOUTH AMERICA.  Full Article

BRIEF-Akzo Nobel Q2 adjusted EBITDA down at 285 Million Euros
Wednesday, 18 Jul 2018 

Corrects EBITDA number in the headline from 271 to 285 million euros.:AKZONOBEL EXECUTING ON TRANSFORMATION, CREATING A FIT-FOR-PURPOSE ORGANIZATION, AND STRONG PRICING MOMENTUM DEALING WITH HEADWINDS.IMPLEMENTED PHASE ONE OF TRANSFORMATION TO CREATE A FIT-FOR-PURPOSE ORGANIZATION DELIVERING EUR 25 MILLION IN Q2 .FOR REMAINDER OF 2018, WE EXPECT POSITIVE DEVELOPMENTS FOR DECORATIVE PAINTS AND PERFORMANCE COATINGS.MARINE AND PROTECTIVE COATINGS MARKET CONDITIONS ARE STILL CHALLENGING.Q2 AKZONOBEL (PAINTS AND COATINGS): * REVENUE 3% LOWER, ALTHOUGH UP 2% IN CONSTANT CURRENCIES.RAW MATERIAL INFLATION IS PROJECTED TO CONTINUE FOR REMAINDER OF 2018.ROBUST PRICING INITIATIVES AND COST-SAVING PROGRAMS ARE IN PLACE TO MITIGATE CURRENT CHALLENGES.Q2 AKZONOBEL (PAINTS AND COATINGS): ADJUSTED OPERATING INCOME(3) AT EUR 225 MILLION (2017: EUR 294 MILLION).Q2 ADJUSTED OPERATING INCOME AT EUR 225 MILLION (2017: EUR 294 MILLION).Q2 REUTERS POLL: EBIT BEFORE INCIDENTIALS AND FAIR VALUE ADJUSTMENTS EUR 249 MILLION.Q2 REUTERS POLL: REVENUES EUR 2.48 BILLION; EBITDA EUR 315 MILLION.Q2 AKZONOBEL (PAINTS AND COATINGS) NET INCOME FROM TOTAL OPERATIONS AT EUR 271 MILLION (2017: EUR 301 MILLION).Q2 REVENUE 3% LOWER, ALTHOUGH UP 2% IN CONSTANT CURRENCIES.Q2 ADJUSTED EBITDA EUR 285 MILLION VERSUS EUR 366 MILLION YEAR AGO.Q2 NET INCOME FROM TOTAL OPERATIONS AT €271 MILLION (2017: €301 MILLION).  Full Article

Nils Andersen Appointed As Chairman By Supervisory Board
Thursday, 26 Apr 2018 

April 26 (Reuters) - AKZO NOBEL NV ::REG-NILS ANDERSEN APPOINTED AS MEMBER OF THE SUPERVISORY BOARD.NILS ANDERSEN APPOINTED BY AGM AS NEW MEMBER OF SUPERVISORY BOARD AND SUBSEQUENTLY APPOINTED CHAIRMAN BY SUPERVISORY BOARD.NILS ANDERSEN WILL SUCCEED ANTONY BURGMANS.  Full Article

Reg-Akzo Nobel Q1 Revenue Misses Reuters Poll
Tuesday, 24 Apr 2018 

April 24 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL MAKES PROGRESS ON TRANSFORMATION INTO A FOCUSED PAINTS AND COATINGS COMPANY WHILE HEADWINDS CONTINUE.Q1 REVENUE DOWN 8%, MAINLY DUE TO ADVERSE FOREIGN CURRENCIES (1% LOWER EXCLUDING CURRENCY IMPACT) AT EUR 2,176 MILLION.ON TRACK FOR DELIVERING 15% RETURN ON SALES BY 2020.Q1 ADJUSTED OPERATING INCOME(1) AT EUR 149 MILLION (2017: EUR 208 MILLION).SALE OF OUR SPECIALTY CHEMICALS BUSINESS IS EXPECTED TO BE COMPLETED BY END OF 2018.PRICE INCREASE SUCCESSFUL IN Q1 2018; SECOND WAVE OF PRICE INCREASES TO COME IN 2018.Q1 REVENUE EUR 2.30 BILLION IN REUTERS POLL.Q1 NET INCOME FROM TOTAL OPERATIONS UP 5% TO EUR 253 MILLION (2017: EUR 240 MILLION) (REMOVES REPETITION OF TEXT).  Full Article

UPDATE 1-PPG to keep architectural, industrial coatings units after review

May 21 PPG Industries Inc said on Tuesday it decided to keep its architectural and industrial coatings units after reviewing its operations following calls from activist investor Nelson Peltz to break up the company.