AKZOF - Akzo Nobel N.V. Non-GAAP EPS of Euro0.74 revenue of Euro2.4B

Akzo Nobel N.V. press release (OTCQX:AKZOF): Q4 Non-GAAP EPS of €0.74. Revenue of €2.4B (+9.1% Y/Y). The company targets to grow at or above its relevant markets, in line with its Grow & Deliver strategy. Trends differ per region and segment, while raw material cost inflation and supply constraints are expected to gradually ease by mid-2022. Plans are in place to deliver the €2B adjusted EBITDA target for 2023, and an average annual 50 basis points increase in return on sales over the period 2021-2023. The company targets a leverage ratio of 1-2 times net debt/EBITDA and commits to retain a strong investment grade credit rating.

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Akzo Nobel N.V. Non-GAAP EPS of €0.74, revenue of €2.4B