Brief: Akzo Nobel Q2 Revenue EUR 2.589 Bln
BRIEF-Akzo Nobel Q2 Revenue EUR 2.589 Bln July 22 (Reuters) - Akzo Nobel NV AKZO.AS:
WE REMAIN ON TRACK TO ACHIEVE OUR FULL-YEAR TARGETS
Q2 ADJUSTED EBITDA EUR 398 MILLION (COMPANY-COMPILED CONSENSUS: EUR 392 MILLION)
Q2 REVENUE EUR 2.589 BILLION (COMPANY-COMPILED CONSENSUS: EUR 2.57 BILLION)
OUR MERGER WITH AXALTA IS PROGRESSING AS PLANNED
FOR MID-TERM, AIMS TO DELIVER AN ADJUSTED EBITDA MARGIN OF ABOVE 16%
OUTLOOK MID-TERM: RETURN ON INVESTMENT BETWEEN 16% AND 19%
Q2 NET PROFIT EUR 139 MILLION
EXPECTS LEVERAGE TO BE AROUND 2 TIMES NET DEBT/ADJUSTED EBITDA BY THE END OF 2026
Source text: https://tinyurl.com/2kebzsds
Further company coverage: AKZO.AS
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