|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 30.34|
|52 Week Range|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||22.28|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.70|
Thierry Vanlancker discusses discusses AkzoNobel's performance in the Chinese market and potential consolidation in the industry.
, Jim Cramer says. Akzo was trading up around 4% in Amsterdam on Wednesday after unveiling a stock-buyback plan and reporting that earnings report that showed fourth-quarter revenues rose 1% to about $2.6 billion (2.31 billion euros). Akzo also said that revenues would have jumped 4% except for unfavorable currency-exchanges rate.
Akzo Nobel NV’s (AKZA.AE) fourth-quarter adjusted earnings topped forecasts thanks to price increases and cost-savings programs, as the sale of its specialty-chemicals business boosted net profit. This was ahead of expectations of EUR177.9 million, according to a consensus estimate provided by the company.
Dutch paint maker Akzo Nobel on Wednesday posted flat fourth-quarter core earnings of 240 million euros ($272 million).
Chief executive Thierry Vanlancker insisted Akzo Nobel was making progress towards its objective of generating 15 per cent return on sales by 2020, in the face of scepticism from investors and analysts. While the headline figure for return on sales was flat in 2018 at 10.6 per cent, it increased year-on-year in the fourth quarter from 8.4 per cent to 9 per cent.
AkzoNobel intends to repurchase common shares up to a value of €2.5 billion as part of a total €6.5 billion being distributed to shareholders following the sale of the Specialty Chemicals business. The share buyback will start on or around February 25, 2019 and is due to be completed by the end of 2019. AkzoNobel will engage a third party to manage the program and execute transactions on its behalf.
February 13, 2019 AkzoNobel (AKZA; AKZOD, AKZOY) today announced details of a €1 billion special cash dividend as part of a total €6.5 billion being distributed to shareholders following the sale of the ...
February 13, 2019 Akzo Nobel N.V. (AKZA; AKZOD; AKZOY) publishes results for full-year and fourth quarter 2018 Q4 2018 highlights: Revenue up 1% and up 4% in constant currencies 1 , with positive price/mix ...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
December 20, 2018 Akzo Nobel N.V. (AKZA; AKZOY) announces the substitution of Akzo Nobel Sweden Finance AB (publ) by Akzo Nobel N.V. as the issuer. This refers to the €750 million bond, issued in July ...
Euro-denominated loans are trading better on recent cross-border deals from issuers such as Refinitiv, the former Financial & Risk unit of Thomson Reuters, and Akzo Nobel’s chemical unit, in the midst of turbulent market conditions in the US. Bankers and investors attribute the difference to greater demand in Europe compared to the US. The banker said the loan market in Europe tends to be dominated by CLOs as investors, whereas in the US demand is dominated by retail loan funds.
AkzoNobel shareholders have today voted in favor of all resolutions at the company`s Extraordinary General Meeting (EGM). The capital repayment and share consolidation, agreed by a majority of shareholders, follows completion of the sale of the Specialty Chemicals business. A special cash dividend of €1 billion and share buyback of €2.5 billion will be conducted following the capital repayment and share consolidation.
AkzoNobel products already do this - now the plan is to go even further. AkzoNobel wants to combine its global scale, know-how and expertise with the ingenious solutions of startups and scale-ups around the world. "Our passion for paint and innovation goes way back and we`re even more excited about the future," says AkzoNobel CEO, Thierry Vanlancker.
Dutch paints and coatings maker Akzo Nobel improved its third quarter operating profit by some 8 percent despite the impact from raw material inflation, which it said on Wednesday had peaked. More expensive materials such as oil left Akzo Nobel struggling in the first half of this year, after a stand-off with disgruntled shareholders in 2017 over a rejected 26 billion euros ($30 billion) takeover offer from rival PPG Industries. Adjusted operating profit rose to 243 million euros, narrowly beating the average expectation in a Reuters poll of analysts.
Akzo Nobel reported a net revenue of 2.33 billion euros ($2.69 billion), missing Reuters expectations of 2.48 billion euros. The company's third-quarter core profit rose 8 percent to 243 million euros, underpinned by higher prices and costs savings. Earlier this year, Akzo Nobel sold its Specialty Chemicals division for 10 billion euros to Carlyle Group after it rejected an unwanted takeover offer from U.S. rival PPG Industries in 2017.
AMSTERDAM (Reuters) - Akzo Nobel's former chemicals subsidiary will likely return to the market as a standalone public company in three to five years, its new CEO Charles Shaver said on Tuesday. Shaver ...
In anticipation, it even paid a 1 billion-euro special dividend in December. The Dutch company’s present market value, plus the special dividend, is 21 billion euros. The simpler Akzo will be a much more digestible entity for any buyer.
Dutch paintmaker Akzo Nobel said on Tuesday it would return 5.5 billion euros ($6.4 billion) to shareholders after the sale of its speciality chemicals division closed this week, fulfilling a promise made in March to give shareholders a large majority of the proceeds. The company said it would buy back 2.5 billion euros of shares and distribute 1 billion euros in a special dividend. In addition, it will distribute 1 billion euros in paid-in capital.
Akzo Nobel NV plans to distribute another 5.5 billion euros ($6.4 billion) to shareholders from the sale of its specialty-chemicals business, rewarding investors for a plan that the paint company used to fend off an unwanted takeover approach. The proceeds will be distributed using a capital repayment and share consolidation of 2 billion euros, a cash dividend of 1 billion euros and a 2.5 billion-euro stock buyback, the Amsterdam-based company said in a statement Tuesday. The paint-and-coatings maker already paid a 1-billion-euro special dividend in December in anticipation of the sale of the chemicals business, which Carlyle Group LP agreed to buy in March.