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Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

83.06EUR
7 Jul 2020
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Latest Key Developments (Source: Significant Developments)

Akzonobel Says Revenue For May Remained Around 20% Below 2019
Thursday, 11 Jun 2020 

June 11 (Reuters) - Akzo Nobel NV ::AKZONOBEL WEATHERING COVID-19 STORM.AKZO NOBEL NV - DURING Q1, COVID-19 ADVERSELY IMPACTED REVENUE BY AROUND MINUS 5%.AKZO NOBEL NV - ASIA WAS MOST AFFECTED THROUGHOUT Q1, WITH OTHER REGIONS IMPACTED ONLY FROM SECOND HALF OF MARCH ONWARDS.AKZO NOBEL NV - DEMAND IMPROVED AS SOME LOCKDOWN MEASURES STARTED TO EASE, ALTHOUGH REVENUE FOR MAY REMAINED AROUND 20% BELOW 2019.  Full Article

Akzo Nobel Starts EUR 500 Million Share Buyback
Monday, 23 Dec 2019 

Dec 23 (Reuters) - Akzo Nobel NV ::AKZO NOBEL NV - STARTS EUR 500 MILLION SHARE BUYBACK.AKZO NOBEL NV - AKZONOBEL HAS STARTED TO REPURCHASE ORDINARY SHARES UP TO VALUE OF EUR 500 MILLION, EXECUTING SHARE BUYBACK ANNOUNCED ON OCTOBER 23, 2019.AKZO NOBEL NV - THIS REPURCHASE PROGRAM IS DUE TO BE COMPLETED IN FIRST HALF OF 2020.AKZO NOBEL NV - AKZONOBEL FINALIZES EUR 2.5 BILLION SHARE BUYBACK, COMPLETING RETURN OF EUR 6.5 BILLION FROM SALE OF SPECIALTY CHEMICALS; STARTS EUR 500 MILLION SHARE BUYBACK.AKZO NOBEL NV - HAS REPURCHASED 462,075 OF ITS OWN ORDINARY SHARES IN PERIOD FROM DECEMBER 16, 2019, UP TO AND INCLUDING DECEMBER 20, 2019, AT AVERAGE PRICE OF €90.13 PER SHARE.AKZO NOBEL NV - THE CONSIDERATION OF THE REPURCHASE WAS €41.64 MILLION.  Full Article

Akzo Nobel Announces Its Intention To Acquire French Aerospace Coatings Manufacturer Mapaero
Thursday, 18 Jul 2019 

July 18 (Reuters) - AKZO NOBEL NV ::HAS ANNOUNCED ITS INTENTION TO ACQUIRE FRENCH AEROSPACE COATINGS MANUFACTURER MAPAERO.THE TRANSACTION IS EXPECTED TO BE COMPLETED IN THE SECOND HALF OF 2019.  Full Article

Akzo Nobel To Invest EUR 3 Mln In Changzhou Powder Coatings Plant
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Akzo Nobel NV ::AKZONOBEL TO BOOST INVESTMENT IN CHANGZHOU POWDER COATINGS PLANT.EUR 3 MILLION INVESTMENT WILL SUPPORT ADDITIONAL SUPPLIES OF ACRYLIC POWDER COATINGS, METALLIC POWDER COATINGS, POWDER PRIMERS.  Full Article

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 loses around quarter of sales in April-May lockdowns

AMSTERDAM, June 11 Dutch paints and coatings maker Akzo Nobel on Thursday said its sales declined by around a quarter in April and May as economic lockdowns across the globe hit demand.