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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Akzo Nobel    AKZA   NL0013267909

AKZO NOBEL

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AkzoNobel : Let's paint the future together - the AkzoNobel startup challenge begins - Press Release issued by AkzoNobel Pakistan Limited

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01/12/2019 | 08:23am EDT

Following is the text of press release issued by AkzoNobel Pakistan Limited

Quote

Calling all startups, scale-ups, entrepreneurs and innovators! The first edition of Paint the Future - the AkzoNobel startup challenge is now open and ready to discover new and revolutionary solutions that will accelerate innovation in the world of paints and coatings.

The challenge connects bright minds and promising solutions from across the globe with AkzoNobel’s expertise, global scale and resources. Innovators, challenge teams, institutions and industry experts will work together to enhance the submitted ideas, forming a truly collaborative ecosystem.

Spearheaded by the company’s Chief Technology Officer Klaas Kruithof, Paint the Future offers winners the opportunity to accelerate commercialization of their solution.

“We can’t wait to see what exciting developments this collaborative experience brings to the paints and coatings industry,” says AkzoNobel CEO, Thierry Vanlancker. “We’re driven to create value for our customers, passionate about what we do and always looking ahead. Now, we’re looking to go even further, painting the future together with the world’s coolest innovators.”

Adds Kruithof: “Paints and coatings is a dynamic, technology-driven industry. We know the future lies in working with others and being open to cross-industry solutions. Exploring the new technology frontier, we will be able to introduce new features, improved products and more ways to delight our customers - and accelerate some truly exciting innovations.”

Launched in partnership with KPMG, the challenge focuses on five key areas:

Smart application

Enhanced functionality

Circular solutions

Life science infusion

Predictable performance

Register at letspaintthefuture.com to join the platform, submit solutions and contribute industry expertise as part of the community. More information about the challenge, this year’s five themes and submission process are also available in greater detail on the website.

The deadline for new submissions is March 1, 2019, and participants on the platform will continue to explore, discuss and enrich ideas until March 12, after which AkzoNobel experts will select finalists to participate in the finals event in Amsterdam May 14 to 16. Shortly thereafter, the company will begin working with winners on sustainable business opportunities.

Brief challenge descriptions:

Smart application

How could your solution change or improve the way customers apply our products?

Enhanced functionality

What exciting new functionality can your technology offer to make coatings cleaner, more responsive or adaptive?

Circular solutions

How would your solution enable circular use of materials at any point in our value chain?

Life science infusion

How can your solution, containing bio-active technology, help bring better performance or innovative features to our coatings?

Predictable performance

How can we collect and augment data more innovatively to make predictions for real world surface performance more accurate?

For more information, contact:

Head Office,

AkzoNobel Pakistan Limited

346 Ferozpur Road, P O Box 273, Lahore - 54600, Pakistan

Tel: +92-42-111-551-111

Fax: +92-42-35835011

Email: communications.pakistan@akzonobel.com

Website: https://pk.akzonobel.com/

Unquote

(c) 2019 Pakistan Press International (PPI). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2019 9 602 M
EBIT 2019 1 036 M
Net income 2019 601 M
Debt 2019 -
Yield 2019 2,60%
P/E ratio 2019 27,93
P/E ratio 2020 20,89
EV / Sales 2019 1,89x
EV / Sales 2020 1,78x
Capitalization 18 113 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 88,0 €
Spread / Average Target 11%
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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
Peggy Bertha Bruzelius Member-Supervisory Board
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