Akzo Nobel: UBS reiterates buy rating

(CercleFinance.com) - UBS reiterates its buy rating on the stock, maintaining its target price at E70 after its Q4 2024 results.
The TP represents 17% upside potential.

EBITDA for Q4 2024 was 1% below expectations, reflecting lower EBITDA in the paints business. FY 2025 EBITDA guidance of over E1.55bn is broadly in line with the consensus, UBS says.


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 over 6%.
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