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Publication date: November 13, 2024
- Year of incorporation: 1994 (formed from the merger of Akzo and Nobel Industries)
- Year added to the AEX: 1983 (Akzo)
- Highest share price ever: €108.50 in July 2021
- Average trading volume: Approximately 200.000 shares per day
- Share price performance over the past 12 months: -15.53%
Introduction about the Akzo Nobel N.V.
Akzo Nobel N.V. is a leading global supplier of paints and coatings, with a rich history dating back to 1792. The company is headquartered in Amsterdam and is listed on Euronext Amsterdam under the symbol AKZA. Akzo Nobel provides high-quality products and services to the construction, automotive, consumer electronics, and other industries, with strong brands such as Dulux, Sikkens, and Interpon. The company has a strong focus on sustainability and innovation in its product development.
Core figures & performance
In 2023, Akzo Nobel reported sales of €10.6 billion and net income of €1.1 billion. The company employs about 33,000 people worldwide. Its market capitalization was about €12.7 billion at the end of 2023. Akzo Nobel has a consistent dividend policy and pays an annual dividend to its shareholders.
History & development
Akzo Nobel was formed in 1994 from the merger of the Dutch company Akzo and the Swedish company Nobel Industries. Since then, the company has positioned itself as a market leader in the paint industry, with a wide range of products for various industries. Akzo Nobel has expanded its operations worldwide and has a solid presence in Europe, Asia, and North America. Major strategic restructurings and the sale of non-core businesses, such as the paint division in 2017, have strengthened the company. Akzo Nobel continues to invest in innovation and sustainability to maintain its leadership position.
Industry & competition
Akzo Nobel operates in the global paints and coatings industry, with competitors such as PPG Industries, Sherwin-Williams, and BASF. The industry relies heavily on innovation and efficiency improvements, with growing demand for sustainable products that help make the industry more sustainable. Akzo Nobel is distinguished by its extensive brand portfolio, its focus on environmentally friendly products, and strong customer relationships.
Influence of Akzo Nobel on the AEX
As one of the companies on the Amsterdam Stock Exchange, Akzo Nobel currently has a limited influence on the AEX index, with a total weighting of 1.04% (measured June 28, 2024), which is due to its relatively small market capitalization compared to other companies in the index.
Investment analysis & outlook
Investment analysts view Akzo Nobel as a solid investment, given its strong market position and ability to adapt to changing market conditions. Its focus on sustainability and developing innovative coatings and paint products offers growth potential, although competition in the industry is strong and fluctuating raw material prices can be challenging. Akzo Nobel's ambition is to further strengthen its leading position in the paint industry by investing in new technologies and sustainability.
The chart below shows Akzo Nobel's share price performance against the AEX index over the past 5 years. It clearly shows that, after a significant decline that began in mid-2021, the company has continued to decline in the following years. The better performance of the AEX is mainly due to the large influence of well-performing tech funds.
News & updates
Recently, Akzo Nobel has announced a major investment of €100 million in the expansion of its production facilities in North America, aimed at improving the production capacity of durable coatings. This expansion is part of the company's multi-year strategic plan to further strengthen its market position and contribute to making the construction and automotive industries more sustainable. For more details on Akzo Nobel's financial performance and initiatives, please visit its official website: Akzo Nobel.com
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
