07/25/2023
Posted by: Windfair Editors
AkzoNobel publishes results for Q2 2023
Image: AkzoNobelOfficial Press Release AkzoNobel:
AkzoNobel’s second quarter results deliver on expectations with resilient volumes, profits up and a strong free cash flow; guidance increased
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Akzo Nobel N.V. (AKZA; AKZOY) publishes results for Q2 2023
Highlights Q2 2023 (compared with Q2 2022) Revenue 4% down on unfavorable exchange rates, 3% up in constant currencies Pricing up 5%, volumes 1% lower Operating income up 36% at €279 million (2022: €205 million) Adjusted operating income up 25% at €311 million; ROS 11.3% (2022: €249 million) Net cash from operating activities positive €305 million (2022: negative €52 million) AkzoNobel CEO, Greg Poux-Guillaume, commented: “Our Q2 results are in line with expectations despite volatile markets and complete a solid first half of 2023. In Q2, we achieved year-on-year profit... ... More: Official Press Release AkzoNobel
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- AkzoNobel, results, Q2, quarter, second, adjustment, cash flow, guidance, expectations
