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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Akzo Nobel N.V.    AKZA   NL0013267909

AKZO NOBEL N.V.

(AKZA)
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Akzo Nobel N : AkzoNobel launches recycled paint to help close loop on waste

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10/01/2019 | 04:43am EST

Developed by the company's Dulux Trade brand, the revolutionary Evolve matt emulsion is made from the waste of other people's paint tins in a bid to reduce the amount that goes to landfill.

Once any leftover white paint has been reclaimed, it is sorted, filtered and refined by Veolia. It's then re-engineered with new paint by AkzoNobel and tested extensively to ensure that every tin meets the high standards expected from Dulux Trade. The final product contains 35% recycled paint.

'We're always looking for new ways to drive sustainable innovation, cut down on waste and create a circular economy for paint - while offering our customers fresh solutions that don't compromise on quality,' says AkzoNobel's Chief Operating Officer, Ruud Joosten. 'By introducing Evolve, we will reduce the carbon footprint of our Dulux Trade products, and help our customers reach their own sustainability goals.'

Adds Rinske van Heiningen, AkzoNobel's Director of Sustainability: 'Sustainability is at the heart of our business. That's why we focus on developing products and technologies with the biggest positive impact. We're also well aware that people expect more than just a product from a brand, so we're always striving to deliver the most sustainable - and meaningful - solutions.'

Evolve was created after years of investment, hard work and commitment to improving the company's sustainable offering. A particular achievement was reducing the carbon footprint of each liter of Evolve paint produced by more than 10% (compared with standard vinyl matt).

The product underwent rigorous testing by research and development experts and was blind tested by decorators and painting contractors. A number of small scale trials were also conducted.

Continued Joosten: 'The launch of this new paint is just the latest step on a journey AkzoNobel is taking towards meeting its sustainability targets and helping to close the loop on paint waste. It's another example of how we're setting the pace as the leader in sustainability in the paints and coatings industry.'

Initially available in white only, Evolve will be launched in late October. To learn more, visit www.duluxtrade.co.uk/evolve.

Disclaimer

Akzo Nobel NV published this content on 01 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2019 08:42:03 UTC

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Financials (EUR)
Sales 2019 9 335 M
EBIT 2019 990 M
Net income 2019 571 M
Debt 2019 377 M
Yield 2019 2,22%
P/E ratio 2019 32,8x
P/E ratio 2020 21,8x
EV / Sales2019 1,94x
EV / Sales2020 1,96x
Capitalization 17 747 M
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Technical analysis trends AKZO NOBEL N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 87,78  €
Last Close Price 87,60  €
Spread / Highest target 15,3%
Spread / Average Target 0,20%
Spread / Lowest Target -20,1%
EPS Revisions
Managers
NameTitle
Thierry F. J. Vanlancker Chief Executive Officer
Nils Smedegaard Andersen Chairman-Supervisory Board
Ruud Joosten Chief Operating Officer
Maarten de Vries Chief Financial Officer
Bernardus Johannes Maria Verwaayen Member-Supervisory Board
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