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AKZOY Akzo Nobel NV (QX)

20.81
-0.71 (-3.30%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Akzo Nobel NV (QX) USOTC:AKZOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.71 -3.30% 20.81 20.60 21.01 21.00 20.62 21.00 99,661 21:14:29

Akzo Nobel 2Q Net Profit Fell

24/07/2019 6:47am

Dow Jones News


Akzo Nobel NV (QX) (USOTC:AKZOY)
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From Jun 2019 to Jun 2024

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By Ian Walker

 

Akzo Nobel NV (AKZA.AE) on Wednesday reported a 15% fall in second-quarter net profit, mainly due to the sale of its specialty chemicals unit last year.

The Dutch paints-and-coatings company made a profit of 231 million euros ($257.4 million), down from EUR271 million for the same quarter in 2018. On a continued basis, net profit was EUR215 million compared with EUR107 million.

Revenue was EUR2.45 billion compared with EUR2.45 billion for the second quarter of 2018 and consensus forecasts of EUR2.46 billion, taken from the company's website.

Adjusted earnings before interest, taxes, depreciation and amortization--one of the company's preferred metrics, which strips out exceptional and other one-off items--was EUR394 million compared with EUR285.0 million and consensus forecasts of EUR368.5 million, also taken from the company's website.

 

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

July 24, 2019 01:32 ET (05:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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1 Year Akzo Nobel NV (QX) Chart

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1 Month Akzo Nobel NV (QX) Chart

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