|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||29.98 - 30.42|
|52 Week Range||28.13 - 33.39|
|PE Ratio (TTM)||23.45|
|Forward Dividend & Yield||0.97 (3.35%)|
|1y Target Est||35.70|
Jul.18 -- Thierry Vanlancker, chief executive officer at Akzo Nobel, discusses second-quarter earnings, inflation in raw material prices, the impact of the trade war on his business and the global economy and their deal with Carlyle. He speaks on "Bloomberg Markets: European Open.
Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), including debt. As Sonia Legg reports, the Dutch firm first announced plans to sell the business last April as it looked to evade a takeover from rival PPG Industries.
Thierry Vanlancker, chief executive officer at Akzo Nobel, discusses second-quarter earnings, inflation in raw material prices, the impact of the trade war on his business and the global economy and their ...
Akzo Nobel NV’s growth in China stuttered as Europe’s biggest coatings maker opted to push through higher prices for household paint at the expense of losing some customers. “After really sharp growth in China, we made a more deliberate choice to hit the pause button on growth,” Chief Executive Officer Thierry Vanlancker said on a media call on Wednesday. The owner of the Dulux brand increased paint prices by 5 percent globally in the second quarter as it sought to offset higher expenses for raw materials, such as the whitening agent titanium dioxide, the Amsterdam-based company said in a statement.
Analysts polled for Reuters had expected adjusted operating income to drop 15 percent to 249 million euros. The results come after Akzo agreed in March to sell its speciality chemicals unit for 10.1 billion euros to a group of buyers led by Carlyle Group (CG.O). Akzo said operating income in the latest quarter had been mainly hurt by 21 million euros in adverse foreign currencies and 20 million euros in non-recurring items.
July 18, 2018 Akzo Nobel N.V. publishes results for Q2 2018 (AKZA; AKZOY) Implemented phase one of transformation to create a fit-for-purpose organization delivering €25 million in Q2 Decorative Paints ...
Today I will examine Akzo Nobel NV’s (AMS:AKZA) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, in addition toRead More...
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Assessing Akzo Nobel NV.’s (ENXTAM:AKZA) past track record of performance is a useful exercise for investors. It allows us to understand whether the company has met or exceed expectations, whichRead More...
The size of Akzo Nobel NV. (ENXTAM:AKZA), a €19.19B large-cap, often attracts investors seeking a reliable investment in the stock market. Risk-averse investors who are attracted to diversified streams ofRead More...
AkzoNobel shareholders have today voted in favor of all resolutions at the company`s Annual General Meeting (AGM). In addition, Nils Andersen was appointed by the AGM as a new member of the Supervisory Board and subsequently appointed Chairman by the Supervisory Board. Byron Grote, Deputy Chairman of the Supervisory Board, commented: "We are very pleased with the appointment of Nils Andersen.
Dutch paints and coatings maker Akzo Nobel (AKZO.AS) on Tuesday reported a larger-than-expected 28 percent drop in first-quarter core profit as sales in the marine and oil industry continued to decline and raw material costs rose. Akzo reported adjusted operating income of 149 million euros (130.6 million pounds) for the first three months of the year, while analysts polled by Reuters had expected 181 million euros. Akzo attributed "continued adverse market conditions in the marine and oil and gas industries" to a 3 percent drop in overall sales volumes which was not fully offset by higher prices.
April 24, 2018 Akzo Nobel N.V. publishes results for the first quarter 2018 (AKZA; AKZOY) AkzoNobel (Paints and Coatings): Successfully completed the dual-track process for the separation of Specialty ...
Akzo Nobel NV. (ENXTAM:AKZA) generated a below-average return on equity of 8.10% in the past 12 months, while its industry returned 13.15%. An investor may attribute an inferior ROE toRead More...
Dutch chemicals firm Akzo Nobel sold its speciality chemicals business to GIC and US private equity firm Carlyle Group for €10.1b (US$12.6b), including debt. “The net proceeds of the deal are expected to amount to €7.5b euros, Akzo said, with the bulk going to shareholders. Akzo first announced plans to sell the business, which accounts for a third of its sales and profit, in April, as it looked to evade a takeover from rival PPG Industries.
Akzo Nobel (AKZO.AS) will sell its chemicals business in a 10.1 billion euro ($12.6 billion) deal to buyers led by Carlyle Group (CG.O), the maker of Dulux paints said on Tuesday, making good on a promise made as it fought off a takeover last year. The sale of the Specialty Chemicals operation to Carlyle and Singapore's GIC sovereign wealth fund for a slightly better than expected price will allow Akzo to focus on its main paints and coatings business. It delivers one of the biggest commitments made by Akzo Nobel in its defence against a 26 billion euro ($32 billion) takeover offer from U.S. rival PPG Industries (PPG.N) last year.
Akzo Nobel will sell its chemicals business in a 10.1 billion euro ($12.6 billion) deal to buyers led by Carlyle Group, the maker of Dulux paints said on Tuesday, making good on a promise made as it fought off a takeover last year. The sale of the Specialty Chemicals operation to Carlyle and Singapore's GIC sovereign wealth fund for a slightly better than expected price will allow Akzo to focus on its main paints and coatings business. It delivers one of the biggest commitments made by Akzo Nobel in its defense against a 26 billion euro ($32 billion) takeover offer from U.S. rival PPG Industries last year.
Bloomberg's Jason Kelly discusses a deal between Akzo Nobel and private equity firm Carlyle Group. He speaks with Vonnie Quinn on "Bloomberg Markets: European Close." (Source: Bloomberg)