Financials Akzo Nobel N.V.

Equities

AKZA

NL0013267909

Commodity Chemicals

Market Closed - Euronext Amsterdam Other stock markets 11:55:00 2025-07-11 am EDT			5-day change	1st Jan Change
60.42 ^EUR	-1.63%		+1.07%	+4.24%

Jul. 03	AKZONOBEL : Debt repayment stabilises the rating
Jul. 03	AKZO NOBEL NV : Jefferies reaffirms its Neutral rating	ZD

Projected Income Statement: Akzo Nobel N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	8,530	9,587	10,846	10,668	10,711	10,598	10,825	11,157
Change	-	12.39%	13.13%	-1.64%	0.4%	-1.06%	2.14%	3.07%
EBITDA ¹	1,442	1,436	1,157	1,429	1,478	1,514	1,636	1,745
Change	-	-0.42%	-19.43%	23.51%	3.43%	2.41%	8.09%	6.68%
EBIT ¹	1,099	1,092	789	1,074	1,113	1,155	1,262	1,361
Change	-	-0.64%	-27.75%	36.12%	3.63%	3.78%	9.29%	7.82%
Interest Paid ¹	-69	-39	-124	-272	-102	-121.8	-125.3	-117.6
Earnings before Tax (EBT) ¹	919	1,105	602	784	838	878	1,090	1,236
Change	-	20.24%	-45.52%	30.23%	6.89%	4.77%	24.17%	13.34%
Net income ¹	630	829	352	442	542	584.1	737.1	837
Change	-	31.59%	-57.54%	25.57%	22.62%	7.77%	26.18%	13.55%
Announcement Date	2/17/21	2/9/22	2/8/23	2/7/24	1/28/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	1,987	2,276	2,209	2,263	2,511	2,410	2,403	2,525	2,853	2,862	2,606	2,657	2,741	2,741	2,529	2,640	2,784	2,668	2,619	2,613	2,691	2,569	2,562	2,671
Change	-	14.54%	-2.94%	2.44%	10.96%	-4.02%	-0.29%	5.08%	12.99%	0.32%	-8.94%	1.96%	3.16%	0%	-7.73%	4.39%	5.45%	-4.17%	-1.84%	-0.23%	2.98%	-4.54%	-0.28%	4.27%
EBITDA ¹	321	439	380	391	419	325	301	317	337	283	220	305	397	414	313	363	400	394	321	357	416.8	397.9	335.6	386.5
Change	-	36.76%	-13.44%	2.89%	7.16%	-22.43%	-7.38%	5.32%	6.31%	-16.02%	-22.26%	38.64%	30.16%	4.28%	-24.4%	15.97%	10.19%	-1.5%	-18.53%	11.21%	16.76%	-4.53%	-15.67%	15.18%
EBIT ¹	238	353	294	307	335	241	209	230	249	184	126	218	311	324	221	274	309	303	227	264	307.5	305.2	232.5	286.7
Change	-	48.32%	-16.71%	4.42%	9.12%	-28.06%	-13.28%	10.05%	8.26%	-26.1%	-31.52%	73.02%	42.66%	4.18%	-31.79%	23.98%	12.77%	-1.94%	-25.08%	16.3%	16.48%	-0.77%	-23.82%	23.33%
Charge d'intérêts	-25	-15	-16	-8	-4	-19	-8	-12	-28	-33	-51	-39	-45	-68	-121	-	-31	-19	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	187	317	234	302	388	213	202	-	182	141	51	151	239	294	100	-	244	247	-	169	214	275	204	-
Change	-	69.52%	-26.18%	29.06%	28.48%	-45.1%	-5.16%	-	-	-22.53%	-63.83%	196.08%	58.28%	23.01%	-65.99%	-	-	1.23%	-	-	26.63%	28.5%	-25.82%	-
Net income ¹	129	220	167	217	261	164	187	154	106	84	8	94	118	189	41	181	177	163	21	107	144.6	144	111.5	-
Change	-	70.54%	-24.09%	29.94%	20.28%	-37.16%	14.02%	-17.65%	-31.17%	-20.75%	-90.48%	1,075%	25.53%	60.17%	-78.31%	341.46%	-2.21%	-7.91%	-87.12%	409.52%	35.1%	-0.38%	-22.6%	-
Announcement Date	7/13/20	10/21/20	2/17/21	4/21/21	7/21/21	10/20/21	2/9/22	4/21/22	7/20/22	10/20/22	2/8/23	4/25/23	7/25/23	10/25/23	2/7/24	4/23/24	7/23/24	10/23/24	1/28/25	4/23/25	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2024 S1	2024 S2
Net sales	-	-
Change	-	-
EBITDA	-	-
Change	-	-
EBIT ¹	583	530
Change	-	-9.09%
Charge d'intérêts	-	-
Earnings before Tax (EBT)	-	-
Change	-	-
Net income ¹	358	184
Change	-	-48.6%
Announcement Date	7/23/24	1/28/25

¹EUR in Million

Estimates

Forecast Balance Sheet: Akzo Nobel N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,034	2,398	4,089	3,785	3,901	3,718	3,422	2,999
Change	-	131.91%	70.52%	-7.43%	3.06%	-4.69%	-7.96%	-12.36%
Announcement Date	2/17/21	2/9/22	2/8/23	2/7/24	1/28/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Akzo Nobel N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	258	288	292	286	306	347.6	352.2	343.1
Change	-	11.63%	1.39%	-2.05%	6.99%	13.59%	1.33%	-2.59%
Free Cash Flow (FCF) ¹	962	317	-29	840	367	648	735.1	896
Change	-	-67.05%	-109.15%	2,996.55%	-56.31%	76.57%	13.44%	21.88%
Announcement Date	2/17/21	2/9/22	2/8/23	2/7/24	1/28/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Akzo Nobel N.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	16.91%	14.98%	10.67%	13.4%	13.8%	14.28%	15.11%	15.64%
EBIT Margin (%)	12.88%	11.39%	7.27%	10.07%	10.39%	10.9%	11.66%	12.2%
EBT Margin (%)	10.77%	11.53%	5.55%	7.35%	7.82%	8.28%	10.07%	11.07%
Net margin (%)	7.39%	8.65%	3.25%	4.14%	5.06%	5.51%	6.81%	7.5%
FCF margin (%)	11.28%	3.31%	-0.27%	7.87%	3.43%	6.11%	6.79%	8.03%
FCF / Net Income (%)	152.7%	38.24%	-8.24%	190.05%	67.71%	110.93%	99.74%	107.05%
Profitability
ROA	5.67%	5.57%	2.99%	3.57%	4.6%	4.45%	5.55%	6%
ROE	12.27%	13.48%	8.77%	12.09%	14.91%	13.89%	15.93%	16.32%
Financial Health
Leverage (Debt/EBITDA)	0.72x	1.67x	3.53x	2.65x	2.64x	2.46x	2.09x	1.72x
Debt / Free cash flow	1.07x	7.56x	-141x	4.51x	10.63x	5.74x	4.66x	3.35x
Capital Intensity
CAPEX / Current Assets (%)	3.02%	3%	2.69%	2.68%	2.86%	3.28%	3.25%	3.08%
CAPEX / EBITDA (%)	17.89%	20.06%	25.24%	20.01%	20.7%	22.97%	21.53%	19.66%
CAPEX / FCF (%)	26.82%	90.85%	-1,006.9%	34.05%	83.38%	53.64%	47.91%	38.29%
Items per share
Cash flow per share ¹	6.374	3.27	1.505	6.6	6.249	5.602	5.982	6.636
Change	-	-48.69%	-53.97%	338.43%	-5.32%	-10.35%	6.78%	10.93%
Dividend per Share ¹	1.95	1.98	1.98	1.98	1.98	1.98	2.059	2.157
Change	-	1.54%	0%	0%	0%	-0%	4.01%	4.76%
Book Value Per Share ¹	30.02	29.32	24.8	25.33	26.81	28.13	30.23	33.19
Change	-	-2.32%	-15.42%	2.14%	5.83%	4.92%	7.46%	9.79%
EPS ¹	3.32	4.46	2.01	2.59	3.17	3.54	4.517	5.134
Change	-	34.34%	-54.93%	28.86%	22.39%	11.69%	27.57%	13.68%
Nbr of stocks (in thousands)	192,726	182,386	177,400	170,595	170,779	170,900	170,900	170,900
Announcement Date	2/17/21	2/9/22	2/8/23	2/7/24	1/28/25	-	-	-