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AkzoNobel: stock down after annual results
(CercleFinance.com) - AkzoNobel shares dipped 4% in Amsterdam this morning, after the paints and coatings group published its 2024 results, which showed operating income that is down 11% to E917m, mainly impacted by restructuring costs.
Adjusted EBITDA rose by 3% to E1.48bn, giving a margin of 13.8% on stable sales of just over E10.7bn. Organic sales rose by 2% thanks to higher volumes and a positive price/mix effect. Based on current market conditions and at constant exchange rates, AkzoNobel expects its 2025 adjusted EBITDA to exceed E1.55bn. In the medium term, it aims to achieve an adjusted EBITDA margin of above 16%. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
12/02/2025 16:51
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