Akzo Nobel NV
AKZA
ISIN NL0013267909 / Valor 46004516
Akzo Nobel NV
UMushroom community rating:
About company
Akzo Nobel NV is a multinational company that has been collecting and exhibiting contemporary art since 1996 through its AkzoNobel Art Foundation. The company aims to create a stimulating work environment with its art collection, showcasing works by internationally renowned artists and young talent. In addition to its focus on art and creativity, Akzo Nobel NV is also involved in various industries such as paints and coatings, specialty chemicals, and performance coatings, serving customers worldwide with innovative products and solutions.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (19.12.2024):
Revenue Decline
In the third quarter of 2024, Akzo Nobel NV reported a 3% decline in revenue compared to the same period in 2023. Despite a 1% increase in organic sales driven by volume growth, adverse currency impacts and other factors contributed to the overall revenue decrease.
Operating Income
Akzo Nobel NV's operating income for Q3 2024 was €259 million, down from €354 million in Q3 2023. This decline was significantly influenced by identified items amounting to a negative €44 million, compared to a positive €30 million in the previous year, alongside higher operating costs.
Adjusted EBITDA
The company's adjusted EBITDA for the third quarter of 2024 was €394 million, a 5% decrease from €414 million in Q3 2023. The adjusted EBITDA margin also saw a slight decline, from 15.1% in 2023 to 14.8% in 2024, reflecting the impact of hyperinflation accounting and other cost factors.
Net Cash from Operating Activities
Akzo Nobel NV reported positive net cash from operating activities of €294 million for Q3 2024, slightly down from €297 million in the same quarter of the previous year. This reflects the company's ongoing efforts to manage cash flow amidst challenging market conditions.
Outlook and Strategic Goals
Looking ahead, Akzo Nobel NV aims to achieve an adjusted EBITDA of around €1.5 billion for the full year 2024. The company is focused on expanding profitability with a target adjusted EBITDA margin above 16% in the mid-term, supported by organic growth and industrial excellence initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
9900 M
Market cap (USD)
221,035
Daily traded volume (Shares)
55.88 / 55.26
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
