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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 targets rival-beating growth

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)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AKZO NOBEL N.V. -0.65% 89.06 Delayed Quote.-1.74%
AT HOME GROUP INC. -1.04% 18.94 Delayed Quote.244.36%
JUST GROUP PLC -2.86% 56 Delayed Quote.-29.11%
PPG INDUSTRIES, INC. -0.68% 146.77 Delayed Quote.10.70%
THE CARLYLE GROUP INC. -0.77% 28.41 Delayed Quote.-10.75%
WILL GROUP, INC. 0.91% 999 End-of-day quote.-20.21%
WORLD CO., LTD. -0.97% 1324 End-of-day quote.-50.80%
All news about AKZO NOBEL N.V.
11/26AKZO NOBEL N : AkzoNobel's sustainability ambitions heat up with two new solar p..
AQ
11/17AKZO NOBEL N : AkzoNobel's sustainability ambitions heat up with two new solar p..
PU
10/29AKZO NOBEL NV : Berenberg reiterates its Buy rating
MD
10/27AKZO NOBEL NV : Gets a Buy rating from UBS
MD
10/27AKZO NOBEL NV : Receives a Buy rating from UBS
MD
10/23AKZO NOBEL N.V. : Ex-dividend day for interim dividend
FA
10/22AKZO NOBEL N : AkzoNobel delivers strong Q3 results with 3% growth in volumes an..
AQ
10/22AKZO NOBEL NV : Gets a Buy rating from Goldman Sachs
MD
10/22AKZO NOBEL NV : Bernstein reiterates its Buy rating
MD
10/21AKZO NOBEL NV : Credit Suisse reiterates its Buy rating
MD
More news
Financials
Sales 2020 8 523 M 10 214 M 10 214 M
Net income 2020 626 M 750 M 750 M
Net Debt 2020 993 M 1 190 M 1 190 M
P/E ratio 2020 27,4x
Yield 2020 2,13%
Capitalization 17 325 M 20 714 M 20 762 M
EV / Sales 2020 2,15x
EV / Sales 2021 2,04x
Nbr of Employees 32 400
Free-Float 99,8%
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 99,19 €
Last Close Price 89,64 €
Spread / Highest target 24,9%
Spread / Average Target 10,7%
Spread / Lowest Target -17,3%
EPS Revisions
Managers
NameTitle
Thierry F. J. Vanlancker Chief Executive Officer
Maarten de Vries Chief Financial Officer
Bernardus Johannes Maria Verwaayen Member-Supervisory Board
Byron Elmer Grote Deputy Chairman-Supervisory Board
Dick M. Sluimers Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AKZO NOBEL N.V.-1.10%20 714
THE SHERWIN-WILLIAMS COMPANY26.09%59 805
NIPPON PAINT HOLDINGS CO., LTD.143.79%41 639
PPG INDUSTRIES, INC.10.70%34 906
ASIAN PAINTS24.11%28 702
RPM INTERNATIONAL INC.14.21%11 392