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Stock impact report

Dutch paint maker Akzo Nobel sinks into the red in third quarter [Yahoo! Finance]

AKZO NOBEL N V S/ADR (AKZOY) 
US:NASDAQ Investor Relations: akzonobel.com/for-investors/shares/adr
Company Research Source: Yahoo! Finance
Dutch paint and coating maker Akzo Nobel NV slipped into the red in its third quarter, compared to profit in the same period of the previous year, based off weak revenues and volumes, the company reported on Wednesday. Meanwhile, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved driven by efficiency actions. Looking ahead to fiscal 2025, the company expects to deliver adjusted EBITDA around €1.48 billion ($1.72 billion), subject to ongoing market uncertainties and adjusted for exchange rates as of the end of the third quarter. For the mid-term, Akzo Nobel aims to expand profitability to deliver an adjusted EBITDA margin of above 16% and a return on investment between 16% and 19%. In the third quarter, the company's net loss attributable to shareholders was €194 million, compared to a profit of €163 million a year ago. Loss per share was €1.13, compared to a profit of €0.95 a year earlier. Adjusted earnings per share from cont Show less Read more
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