2020-07-02
http://w3.windfair.us/wind-energy/news/34305-akzo-nobel-paint-corrosion-covid-19-quarter-q1-income-savings-revenue-sustainability-outlook

AkzoNobel Publishes Q1 Results

Image: PixabayImage: Pixabay
“Our results for the first quarter demonstrate our transformation was fully on track, even though COVID-19 already had a significant impact, especially in China and later in the quarter other regions of the world," says CEO.

Official Press Release AkzoNobel:

AkzoNobel’s Q1 results show 31% profitability improvement, despite headwinds from COVID-19

Wind Industry Profile of
AkzoNobel’s Q1 results show 31% profitability improvement, despite headwinds from COVID-19

Akzo Nobel N.V. publishes results for first quarter 2020

Highlights 2020 Adjusted operating income1 up 31% at €214 million (2019: €163 million), despite impact from COVID-19 Return on Sales, excluding unallocated costs,2 increased to 12.4% (2019: 9.1%) with price/mix up 2% Operating income up 65% at €187 million (2019: €113 million); OPI margin improved to 9.1% (2019: 5.2%) Transformation and other savings delivered €44 million lower costs (compared with the first quarter of 2019) €408 million of €500 million share buyback program executed during Q1 2020 Q1 2020 (compared to Q1 2019) Revenue 6% lower and 5% lower in... ... More: Official Press Release AkzoNobel

Keywords:
Akzo Nobel, paint, corrosion, COVID-19, quarter, Q1, income, savings, revenue, sustainability, outlook







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