11/07/2023
Posted by: Windfair Editors
AkzoNobel publishes results for Q3 2023
Image: AkzoNobelOfficial Press Release AkzoNobel:
AkzoNobel rebound continues in the third quarter with solid profit growth and robust cash generation
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Akzo Nobel N.V. (AKZA; AKZOY) publishes results for Q3 2023
Highlights Q3 2023 (compared with Q3 2022) Revenue in constant currencies up 5% on pricing, despite flat volumes; reported revenue 4% down on unfavorable exchange rates Operating income improved to €354 million (2022: €168 million) Adjusted operating income at €324 million (2022: €184 million); ROS 11.8% (2022: 6.4%) Net cash from operating activities positive €297 million (2022: €126 million) Net debt to EBITDA leverage ratio improved sequentially to 3.2x AkzoNobel CEO, Greg Poux-Guillaume, commented: “Our third quarter results show a solid rebound in... ... More: Official Press Release AkzoNobel
