2024-05-23 10:30:00 ET
Summary
- Akzo Nobel is focused on increasing its EBITDA margins and has seen success in the first quarter of the year.
- The company's revenue decreased slightly, but margins improved significantly, leading to a sharp increase in operating income and net profit.
- Akzo Nobel aims to meet its full-year outlook and increase adjusted EBITDA to 1.5-1.65B EUR, with the second and third quarters expected to be strong.
Introduction
Akzo Nobel ( AKZOF ) ( AKZOY ) is one of the largest and best known paint producers and coatings manufacturers in the world. The company has been working on boosting its EBITDA margins and is actually doing a good job in increasing them. This was again noticeable in the first quarter of the current financial year, and this bodes well for Akzo’s guidance to increase adjusted EBITDA to 1.5-1.65B EUR this year....
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For further details see:
Akzo Nobel: Margin Improvements Will Lead To FCF Increase