Akzo Nobel Announces Its Intention To Acquire French Aerospace Coatings Manufacturer Mapaero [Reuters]
AKZO NOBEL N V S/ADR (AKZOY)
US:NASDAQ Investor Relations:
akzonobel.com/for-investors/shares/adr
Company Research
Source: Reuters
Akzo Nobel NV (AKZOY.PK) Key Developments | Reuters.com April 24 (Reuters) - AKZO NOBEL NV ::ON TRACK TO RETURN A TOTAL OF €6.5 BILLION TO SHAREHOLDERS.Q1 ADJUSTED OPERATING INCOME 9% HIGHER AT EUR 163 MILLION.Q1 COST-SAVING PROGRAMS DELIVERED EUR 38 MILLION.Q1 VOLUMES LOWER DUE TO VALUE OVER VOLUME STRATEGY.Q1 ADJUSTED OPERATING INCOME EUR 163 MILLION VERSUS EUR 176 MILLION IN REUTERS POLL.€639 MILLION CASH PAYMENTS TO MAIN UK PENSION PLANS.OUR TRANSFORMATION PLANS FOR CREATING A MORE FIT-FOR-PURPOSE ORGANIZATION ARE ON TRACK AND DELIVERED SAVINGS OF EUR 38 MILLION DURING QUARTER.Q1 ONGOING PRICING INITIATIVES RESULTED IN PRICE/MIX UP 6%.Q1 REVENUES EUR 2.18 BILLION VERSUS EUR 2.20 BILLION IN REUTERS POLL.Q1 ROS, EXCLUDING UNALLOCATED COSTS, INCREASED TO 9.1% (2018: 8.7%).DEMAND TRENDS DIFFER PER REGION AND SEGMENT IN AN UNCERTAIN MACRO-ECONOMIC ENVIRONMENT..RAW MATERIAL INFLATION IS EXPECTED TO CONTINUE DURING FIRST HALF OF 2019, ALTHOUGH AT A LOWER RATE THAN 2018..ROBUST PRICING IN
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