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AMSTERDAM (dpa-AFX) - Dutch paints and chemicals maker Akzo Nobel N.V. (AKZA.AS, AKZOY) reported that its third-quarter net income attributable to shareholders declined to 164 million euros from ....
Message : Required fields AMSTERDAM, April 21 (Reuters) - Dutch paints and coatings maker Akzo Nobel said on Wednesday its first-quarter core profit jumped 43% to 307 million euros ($369.2 million), as economic recovery boosted demand especially in Asia. Analysts polled by the company had expected adjusted operating income to increase to 275 million euros, after a 214 million euros result a year earlier. Sales improved 10% to 2.26 billion euros in the January-March period, easily beating the average projection of a 3% rise. We delivered very strong results for the quarter, Chief Executive Officer Thierry Vanlancker said in a statement. Going forward, we ll remain focused on offsetting higher raw material costs with pricing initiatives and cost ....
Akzo Nobel Q4 Profit Soars, Lifts Dividend, Plans €1 Bln Share Buyback; Sees Margin Growth Earnings per share were 0.87 euro, up from 0.41 euro last year. Adjusted earnings per share from continuing operations were 1.08 euros, compared to 0.74 euros a year ago. Adjusted operating income grew 32 percent to 294 million euros. Revenue declined 1 percent to 2.21 billion euros from 2.24 billion euros last year. Revenues grew 6 percent in constant currencies, with volumes 6 percent higher and positive price/mix of 1 percent more than offset by adverse currency impact. Looking ahead for fiscal 2021, AkzoNobel said it targets to grow at least in line with its relevant markets. Although trends differ per region and segment with raw material inflation expected, margin management and cost-saving programs are in place to deliver 50 basis points increase in return on sales. ....
Dutch paints and coatings maker Akzo Nobel said on Monday it had given up its effort to buy Finnish peer Tikkurila, four days after U.S. rival PPG Industries had topped its bid. ....
AMSTERDAM (dpa-AFX) - Akzo Nobel N.V. (AKZOY.PK, AKZOY) confirmed Thursday that it has submitted a binding proposal to acquire Tikkurila for 31.25 euros per share, representing a total equity ....