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AKZA — Akzo Nobel NV News Story

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Brief: Akzo Nobel Q2 Revenue EUR 2.589 Bln

BRIEF-Akzo Nobel Q2 Revenue EUR 2.589 Bln 

- 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


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))

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