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

AKZO NOBEL N.V.

(AKZA)
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Delayed Quote. Delayed Euronext Amsterdam - 02/21 11:35:05 am
84.32 EUR   -1.38%
02/20Board of directors meeting of Akzo Nobel Pakistan Limited
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02/19AKZO NOBEL N : AkzoNobel share buyback
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02/18AKZO NOBEL N : AkzoNobel secures supply deal with leading car manufacturer
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Akzo Nobel targets rival-beating growth

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02/13/2020 | 02:34am EST
FILE PHOTO: Thierry Vanlancker, CEO of Akzo Nobel, holds a can of Dulux paint

Dutch paints and coatings maker Akzo Nobel aims to outpace its competitors' revenue growth in the coming years while lifting profitability, it said on Thursday.

Presenting its goals for the 2021-2023 period, the company said revenue growth would be at least as high as the market's average in those years, with its return on sales increasing by 50 basis points a year.

"Ultimately, our goal is to take our rightful place among the frontrunners in paints and coatings, when it comes to both size and performance," said Chief Executive Thierry Vanlancker.

In 2017 Akzo promised frustrated shareholders it would improve profitability and refused to consider an unwanted takeover offer by U.S. rival PPG Industries.

Akzo then said it would increase return on sales to 15% by 2020. This week the maker of the Dulux and Flexa brand of paints said it was still on track to meet that target after the ratio improved to 12% last year.

The company is the world's third-largest paints and coatings maker by revenue, trailing U.S. rivals PPG and Sherwin-Williams.

As part of Akzo's defense strategy against PPG, Akzo sold its speciality chemicals business for 10 billion euros ($10.9 billion) to a group of buyers led by Carlyle Group, with the proceeds distributed largely to shareholders.

(Reporting by Bart Meijer; Editing by David Goodman)

Stocks mentioned in the article
ChangeLast1st jan.
AKZO NOBEL N.V. -1.38% 84.32 Delayed Quote.-6.97%
PPG INDUSTRIES, INC. -0.38% 118.91 Delayed Quote.-10.92%
THE CARLYLE GROUP INC. -0.29% 31.27 Delayed Quote.-2.52%
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Latest news on AKZO NOBEL N.V.
02/20Board of directors meeting of Akzo Nobel Pakistan Limited
AQ
02/19AKZO NOBEL N : AkzoNobel share buyback
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02/18AKZO NOBEL N : AkzoNobel secures supply deal with leading car manufacturer
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02/18AKZO NOBEL N : AkzoNobel share buyback (February 10, 2020 – February 14, 2..
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Financials (EUR)
Sales 2020 9 395 M
EBIT 2020 1 188 M
Net income 2020 736 M
Debt 2020 1 214 M
Yield 2020 2,50%
P/E ratio 2020 21,7x
P/E ratio 2021 18,5x
EV / Sales2020 1,92x
EV / Sales2021 1,79x
Capitalization 16 830 M
Chart AKZO NOBEL N.V.
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Akzo Nobel N.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends AKZO NOBEL N.V.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 92,21  €
Last Close Price 84,32  €
Spread / Highest target 32,8%
Spread / Average Target 9,36%
Spread / Lowest Target -17,0%
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
Sector and Competitors
1st jan.Capitalization (M$)
AKZO NOBEL N.V.-6.97%18 282
THE SHERWIN-WILLIAMS COMPANY0.09%52 492
PPG INDUSTRIES, INC.-10.92%28 034
ASIAN PAINTS3.21%24 600
NIPPON PAINT HOLDINGS CO., LTD.1.20%14 560
RPM INTERNATIONAL INC.-3.18%9 569