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    AKZA   NL0013267909

AKZO NOBEL N.V.

(AKZA)
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Akzo Nobel targets rival-beating growth

02/13/2020 | 02:34am EDT
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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AKZO NOBEL N.V. -0.42% 106.6 Real-time Quote.21.84%
AT HOME GROUP INC. -0.05% 36.74 Delayed Quote.137.77%
PPG INDUSTRIES, INC. -3.10% 169.36 Delayed Quote.21.15%
THE CARLYLE GROUP INC. -2.06% 44.17 Delayed Quote.43.32%
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Financials
Sales 2021 9 340 M 11 124 M 11 124 M
Net income 2021 840 M 1 000 M 1 000 M
Net Debt 2021 1 705 M 2 031 M 2 031 M
P/E ratio 2021 23,2x
Yield 2021 1,99%
Capitalization 20 083 M 23 929 M 23 919 M
EV / Sales 2021 2,33x
EV / Sales 2022 2,24x
Nbr of Employees 32 700
Free-Float 98,2%
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Technical analysis trends AKZO NOBEL N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 109,94 €
Last Close Price 107,05 €
Spread / Highest target 20,5%
Spread / Average Target 2,70%
Spread / Lowest Target -23,8%
EPS Revisions
Managers and Directors
NameTitle
Thierry F. J. Vanlancker Chief Executive Officer
Maarten de Vries Chief Financial Officer
Nils Smedegaard Andersen Chairman-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.21.84%24 337
THE SHERWIN-WILLIAMS COMPANY10.88%71 136
PPG INDUSTRIES, INC.21.15%41 425
ASIAN PAINTS LIMITED9.20%39 497
NIPPON PAINT HOLDINGS CO., LTD.-26.61%35 517
RPM INTERNATIONAL INC.-1.52%11 578