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Akzo Nobel N.V. (AKZA.AS)

Amsterdam - Amsterdam Delayed Price. Currency in EUR
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85.56-0.90 (-1.04%)
At close: 5:35PM CET
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Neutralpattern detected
Previous Close86.46
Open85.94
Bid0.00 x 0
Ask0.00 x 0
Day's Range85.20 - 86.56
52 Week Range45.73 - 93.10
Volume792,612
Avg. Volume540,756
Market Cap16.058B
Beta (5Y Monthly)0.88
PE Ratio (TTM)26.09
EPS (TTM)3.28
Earnings DateApr 21, 2021
Forward Dividend & Yield1.95 (2.28%)
Ex-Dividend DateApr 26, 2021
1y Target Est84.71
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    • AkzoNobel share buyback (February 15, 2021 – February 19, 2021)
      GlobeNewswire

      AkzoNobel share buyback (February 15, 2021 – February 19, 2021)

      February 23, 2021 AkzoNobel share buyback (February 15, 2021 – February 19, 2021) AkzoNobel (AKZA; AKZOY) has repurchased 224,400 of its own common shares in the period from February 15, 2021, up to and including February 19, 2021, at an average price of €85.29 per share. The consideration of the repurchase was €19.14 million. This is part of a repurchase program announced on October 21, 2020. AkzoNobel intends to repurchase common shares up to a value of €300 million. The total number of shares repurchased under this program to date is 2,111,532 ordinary shares for a total consideration of €183.76 million. The share buyback is due to be completed in the first half of 2021. 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 is implemented within the limitations of the authority granted by the Annual General Meeting (AGM) on April 23, 2020. The share repurchase program is 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 continue to 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-overview About AkzoNobel We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries. Not for publication – for more information Media RelationsInvestor RelationsT +31 (0)88 – 969 7833T +31 (0)88 – 969 7856 Contact: Joost RuempolMedia.relations@akzonobel.comContact: Lloyd MidwinterInvestor.relations@akzonobel.com Safe Harbor StatementThis 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 20210223 PDF Media release share buyback 190221 AkzoNobel_Weekly Report

    • Reuters

      UPDATE 1-Akzo Nobel announces share buyback after profit surges on demand recovery

      Dutch paints and coatingsmaker Akzo Nobel posted a 32% jump in fourth-quartercore earnings on Wednesday, beating analysts' expectations, andsaid it would buy back 1 billion euros ($1.21 billion) worth ofits shares in the coming year. The share buyback follows Akzo's decision earlier this monthto drop efforts to buy Finnish rival Tikkurila, daysafter U.S. group PPG Industries topped its bid. But Akzo would remain on the lookout for interestingtakeover targets, Chief Executive Officer Thierry Vanlanckersaid.

    • AkzoNobel delivers 15 by 20 promise and continues strong momentum in Q4, with 6% revenue growth in comparable currencies
      GlobeNewswire

      AkzoNobel delivers 15 by 20 promise and continues strong momentum in Q4, with 6% revenue growth in comparable currencies

      Photo CEO Thierry Vanlancker Photo CEO Thierry Vanlancker February 17, 2021 AkzoNobel delivers 15 by 20 promise and continues strong momentum in Q4, with 6% revenue growth in comparable currencies Akzo Nobel N.V. (AKZA; AKZOY) publishes results for fourth quarter and full-year 2020 Highlights full-year 2020• 15.0% ROS excluding unallocated cost1, delivering on our 15 by 20 promise• ROI excluding unallocated cost2 up at 20.6%, exceeding our 2020 ambition• €243 million of cost savings, of which €115 million structural savings• Net cash from operating activities significantly increased to €1,220 million• €545 million share buyback in 2020 • €1 billion share buyback announced, to be completed in Q1 2022• Final dividend proposed of €1.52 (2019: €1.49) per share Highlights Q4 2020• Strong growth in volumes of 6%; second consecutive quarter of volume growth• ROS excluding unallocated cost increased to 15.3% (2019: 11.0%) due to strong margin management and cost savings• Total cost savings €34 million, of which €25 million structural savings related to transformation initiatives • Acquisitions of Titan Paints in Spain announced and New Nautical Coatings completed in Q4 2020 AkzoNobel CEO, Thierry Vanlancker, commented:“Our 2020 results demonstrate structural performance improvement from the first phase of our transformation. Despite COVID-19 headwinds, we rose to the challenge and delivered our 15 by 20 promise, achieving 15% return on sales and more than 20% return on investment. “We continued to look after our customers and everyone at AkzoNobel deserves enormous credit for their passion and commitment, especially in such a challenging year. We’ve now achieved organic growth for two quarters in a row and announced acquisitions including Titan Paints in Spain and New Nautical Coatings in the US. We transformed our systems and processes and expanded our industry-leading Paint the Future innovation ecosystem. We’ve also accelerated our People. Planet. Paint. approach to sustainability and been recognized by key benchmarks as the leader in the paints and coatings industry. “What’s really exciting is that we’re literally only half-way through our transformation to reclaim our position as the reference in the industry. Our new Grow & Deliver strategy represents the second stage of our journey – which began in 2017 – to double the profit of AkzoNobel.” AkzoNobel in € millions Q4 2019 Q4 2020 Δ% Δ% CC3 Revenue 2,242 2,209 (1%) 6% Adjusted operating income4 223 294 32% ROS 9.9% 13.3% ROS excluding unallocated cost1 11.0% 15.3% Operating income 173 243 40% AkzoNobel in € millions FY 2019 FY 2020 Δ% Δ% CC3 Revenue 9,276 8,530 (8%) (4%) Adjusted operating income4 991 1,099 11% ROS 10.7% 12.9% ROS excluding unallocated cost1 12.0% 15.0% ROI excluding unallocated cost2 17.2% 20.6% Operating income 841 963 15% Recent highlights Customers given new window of opportunityWindow manufacturers can now make their production process more efficient and sustainable after we launched a new instant drying solution. The RUBBOL 100% UV cured exterior range of Sikkens wood coatings is the first of its kind and can cut up to 16 hours of drying time. This means significant savings in production time and energy costs, as well as leading performance. Sustainability ambitions heat upThousands of solar panels have been installed at two of our sites on two continents as we continue to accelerate towards our ambition of cutting carbon emissions in half by 2030. The two recent projects took place in Garcia, Mexico – where 1,650 solar panels have been installed – and Barcelona, Spain, where work to install 1,600 roof panels is well underway. As part of our People. Planet. Paint. sustainability ambitions, we want to cut our energy use by 30% and increase our renewable electricity use to 100%. New bio-based paint is a breath of fresh airWe’ve launched a new bio-based wall paint in Vietnam. Dulux Better Living Air Clean BioBased is enhanced with Pure Air technology. It contains natural sustainable ingredients, such as bamboo charcoal, to create a better living environment. Creating South America’s most colorful planeOur Coral brand in Brazil partnered with Aerospace Coatings colleagues to help create South America’s most colorful airplane. They worked with Azul Airlines and Embraer to pay tribute to the Spix’s macaw, a national symbol in Brazil. The design features 58 colors, half of which were custom made. China to stage 2021 Paint the Future startup challenge Forging an even stronger connection with startups in a key market, AkzoNobel will launch its next regional startup challenge in China in March 2021. The challenge joins a series of programs for startups, academia, research institutes and suppliers to collaborate and test, launch and scale revolutionary solutions together with AkzoNobel. The company first kicked off Paint the Future in 2019 with an industry-first global startup challenge. In 2020, it staged the first regional startup challenge in Brazil. Now it’s preparing to stir things up with startups in China, a country renowned for technological innovation. Biomass breakthrough unlocks world of possibilitiesA breakthrough innovation which involves a more sustainable method for making resins has been discovered thanks to a research collaboration between AkzoNobel and the Dutch Advanced Research Center Chemical Building Blocks Consortium (ARC CBBC). The new process involves using bio-based monomers to make resins, which could pave the way for the introduction of futuristic functionality. It’s part of our collaborative approach to innovation, which involves working with startups, academia, research institutes and suppliers to test, launch and scale-up revolutionary solutions Outlook 2021: AkzoNobel targets to grow at least in line with its relevant markets. Although trends differ per region and segment with raw material inflation expected, margin management and cost-saving programs are in place to deliver 50 basis points increase in return on sales. The company targets a leverage ratio of 1-2 times net debt/EBITDA and commits to retain a strong investment grade credit rating. The report for the fourth quarter and full-year 2020 can be viewed and downloaded https://akzo.no/Q42020-Report 1 ROS excluding unallocated cost is adjusted operating income as percentage of revenue for Decorative Paints and Performance Coatings; it excludes unallocated cost and invested capital2 ROI excluding unallocated cost is adjusted operating income of the last 12 months as percentage of average invested capital, for Decorative Paints and Performance Coatings; it excludes unallocated corporate center costs and invested capital 3 Constant Currencies calculations exclude the impact of changes in foreign exchange rates4 Adjusted operating income is operating income excluding identified items 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 We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries. Not for publication – for more information Media Relations Investor Relations T +31 (0)88 – 969 7833 T +31 (0)88 – 969 7856 Contact: Joost RuempolMedia.relations@akzonobel.com Contact: Lloyd MidwinterInvestor.relations@akzonobel.com Safe Harbor StatementThis 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 20210217 PDF Media release Q4FY Results 20210217 Q4-full year 2020 report Photo CEO Thierry Vanlancker