2024-04-27

http://w3.windfair.net/wind-energy/news/44884-akzonobel-results-q2-quarter-second-adjustment-cash-flow-guidance-expectations

07/25/2023

Posted by: Windfair Editors

AkzoNobel publishes results for Q2 2023

Image: AkzoNobel

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."

Official Press Release AkzoNobel:

AkzoNobel’s second quarter results deliver on expectations with resilient volumes, profits up and a strong free cash flow; guidance increased

Wind Industry Profile of

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