Latest news with #AkzoNobelNV
Business Insider
2 days ago
- Business
- Business Insider
Akzo Nobel NV (0A00) was downgraded to a Hold Rating at UBS
Akzo Nobel NV (0A00 – Research Report) received a Hold rating and price target from UBS analyst Geoff Haire yesterday. The company's shares closed yesterday at €58.48. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Haire is an analyst with an average return of -2.5% and a 48.18% success rate. Haire covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, BASF SE, and Covestro. Akzo Nobel NV has an analyst consensus of Strong Buy, with a price target consensus of €70.17. Based on Akzo Nobel NV's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €2.61 billion and a net profit of €107 million. In comparison, last year the company earned a revenue of €2.64 billion and had a net profit of €181 million Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0A00 in relation to earlier this year.
Yahoo
28-05-2025
- Business
- Yahoo
Are Basic Materials Stocks Lagging B2Gold Corp (BTG) This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is B2Gold (BTG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. B2Gold is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. B2Gold is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for BTG's full-year earnings has moved 33.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Our latest available data shows that BTG has returned about 38.5% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 7.5%. This means that B2Gold is outperforming the sector as a whole this year. Another Basic Materials stock, which has outperformed the sector so far this year, is Akzo Nobel NV (AKZOY). The stock has returned 13.3% year-to-date. In Akzo Nobel NV's case, the consensus EPS estimate for the current year increased 9.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, B2Gold belongs to the Mining - Gold industry, a group that includes 39 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 45.2% this year, meaning that BTG is slightly underperforming its industry in terms of year-to-date returns. On the other hand, Akzo Nobel NV belongs to the Chemical - Diversified industry. This 28-stock industry is currently ranked #199. The industry has moved -15.6% year to date. Investors interested in the Basic Materials sector may want to keep a close eye on B2Gold and Akzo Nobel NV as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report B2Gold Corp (BTG) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
26-05-2025
- Business
- Time of India
JSW poised to acquire Akzo Nobel India for $1.1 billion
Synopsis JSW Paints is poised to acquire Akzo Nobel India, valuing Akzo Nobel NV's stake at approximately Rs 9,000 crore. This acquisition will position JSW Paints as a significant player in both the decorative and industrial paints sectors in India. The deal, expected to finalize by mid-June, involves an open offer for an additional 26% of the company's shares.
Yahoo
31-01-2025
- Business
- Yahoo
Akzo Nobel NV (AKZOF) (Q4 2024) Earnings Call Highlights: Strategic Growth Amidst Market Challenges
Q4 Adjusted EBITDA: EUR321 million, a 3% increase. Q4 Organic Sales Growth: 1% increase driven by price/mix. Full-Year Organic Sales Growth: 2% increase with a 1% volume rise. Full-Year Adjusted EBITDA: EUR1.5 billion, with a margin of 14.1%. Net Debt-to-EBITDA Ratio: 3 times, with an adjusted ratio of 2.6 times. Adjusted Gross Margin Expansion: 130 basis points increase. Q4 Revenue Growth: 4% increase, supported by favorable foreign exchange rates. Q4 Adjusted EBITDA Margin: 12.3%. Operating Working Capital: 15.7% of revenue, higher due to lower accounts payables. Q4 Free Cash Flow: EUR284 million. Return on Investment: Improved to 13.3% in 2024. Proposed Final Dividend: EUR1.54. 2025 Adjusted EBITDA Target: More than EUR1.55 billion. SG&A Efficiency Targets: Over EUR150 million in annualized gross savings. Industrial Transformation Benefits: EUR300 million expected by 2027. Warning! GuruFocus has detected 5 Warning Signs with AKZOF. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Akzo Nobel NV (AKZOF) increased adjusted EBITDA by 3% in Q4 2024, reaching EUR 321 million, aligning with consensus expectations. The company achieved full-year organic sales growth of 2%, supported by a 1% increase in volumes, and expanded its adjusted gross margin by 130 basis points. Efficiency measures are on track, with an expected total benefit of EUR 300 million by 2027, including EUR 200 million in cost savings and EUR 100 million in efficiency gains. Marine and Protective Coatings delivered double-digit volume growth, driven by technical newbuilds in marine, with expectations for mid-single-digit growth in 2025. The company is making strategic investments to enhance and modernize its anchor sites globally, contributing to operational efficiency and debottlenecking critical assets. Net debt-to-EBITDA ratio increased to 3 times, higher than the target, due to lower payables and accelerated restructuring activities. Q4 organic volume growth was flat, impacted by declines in Deco China, with expectations for continued softness in some segments in Q1 2025. The automotive and specialty volumes were slightly lower in Q4, with weak demand in automotive and vehicle refinishes. The company does not anticipate a significant market rebound in 2025, with flat to low single-digit growth expected. Restructuring costs will remain elevated through 2025, impacting cash flow and leverage ratios in the first half of the year. Q: Can you provide insights into your pricing strategy and cost inflation expectations for 2025? A: Maarten de Vries, CFO, explained that they anticipate a low single-digit inflation in raw materials and freight. They plan to offset this with price increases during Q1 and Q2. The net benefit from cost savings is expected to be EUR70 million, considering EUR170 million in gross savings and EUR100 million in inflation costs. Q: Could you update us on the strategic review of your Southeast Asian operations, particularly in India? A: Greg Poux-Guillaume, CEO, stated that they are exploring options to strengthen their business in India, which could range from a joint venture to a full disposal. The powder business is being carved out to facilitate discussions, as it is a key asset with differentiated technology. Q: What is your outlook on cash generation and deleveraging, given the Q4 cash flow performance? A: Maarten de Vries noted that 2025 will see significant cash outflows due to restructuring costs, impacting leverage. They aim to reduce working capital to around 14.5% and expect to improve cash flow generation as restructuring progresses. Q: How are you addressing the challenges in the Chinese Deco market, and what is your long-term commitment to China? A: Greg Poux-Guillaume highlighted that they have adapted costs effectively in China and see signs of market stabilization. They remain committed to China, viewing it as a strategic market, especially as it becomes more consolidated. Q: Can you elaborate on the performance and future prospects of the Marine and Protective Coatings business? A: Greg Poux-Guillaume mentioned that the Marine and Protective Coatings business has improved profitability significantly, aiming to reach high single-digit to low teens in 2025. They continue to focus on operational leverage and market position recovery. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
30-01-2025
- Business
- Yahoo
Coil Coatings Market to Grow by USD 2.1 Billion (2025-2029), Rising Demand from building and Construction Sector Boosts Growth, Report on AI-Powered Market Evolution
NEW YORK, Jan. 30, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global coil coatings market size is estimated to grow by USD 2.1 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 5.7% during the forecast period. Increasing demand from building and construction sector is driving market growth, with a trend towards increasing number of mergers and acquisitions among vendors. However, volatility in raw material prices of coil coatings poses a challenge. Key market players include Akzo Nobel NV, Allnex GMBH, Axalta Coating Systems Ltd., BASF SE, Beckers Group, BlueScope Steel Ltd., Bulk Chemicals Inc., Cabot Corp., Covestro AG, Englert Inc., Euramax, Henkel AG and Co. KGaA, Kansai Paint Co. Ltd., Material Sciences Corp., Nippon Paint Holdings Co. Ltd., Northern Coatings and Chemical Co., PPG Industries Inc., Salchi Metalcoat Srl, The Sherwin Williams Co., and Wacker Chemie AG. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Coil Coatings Market Scope Report Coverage Details Base year 2024 Historic period 2019 - 2023 Forecast period 2025-2029 Growth momentum & CAGR Accelerate at a CAGR of 5.7% Market growth 2025-2029 USD 2100 million Market structure Fragmented YoY growth 2022-2023 (%) 5.1 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contribution APAC at 40% Key countries US, China, Germany, UK, Japan, India, France, South Korea, Canada, and Italy Key companies profiled Akzo Nobel NV, Allnex GMBH, Axalta Coating Systems Ltd., BASF SE, Beckers Group, BlueScope Steel Ltd., Bulk Chemicals Inc., Cabot Corp., Covestro AG, Englert Inc., Euramax, Henkel AG and Co. KGaA, Kansai Paint Co. Ltd., Material Sciences Corp., Nippon Paint Holdings Co. Ltd., Northern Coatings and Chemical Co., PPG Industries Inc., Salchi Metalcoat Srl, The Sherwin Williams Co., and Wacker Chemie AG Market Driver The Coil Coatings Market is experiencing significant trends in the industrial sector, particularly in the use of paint for metal surfaces in infrastructure projects. Technological advancements in high-performance polymer coatings offer superior corrosion resistance and UV radiation protection for steel structures, including industrial facilities, cladding, and roofing. Consumer preferences for environmentally friendly solutions have led to the development of alternative products and recycling programs. Coil coatings are increasingly being used in harsh weather conditions for applications such as pre-painted steel and coated steel in building and construction, automotive, and appliance industries. Legislation and statutory regulations are driving the adoption of low-VOC content coating formulations and sustainable coating solutions. Innovation in coil coating technologies includes water-based formulations, which offer energy savings and reduced VOC emissions. Coil coating application processes have improved efficiency and reduced toxic substance usage. Industries using coil coatings include federal agencies, automakers, and manufacturers of reactors, armatures, transformers, pipelines, and composite panels. Coil coatings provide a superior quality finish, longer lifespan, and aesthetics for various applications, including wall cladding and metal roofing. Superior surface chemistry ensures color-coated coils maintain their vibrant colors and resist fading. Coil coating solutions offer energy savings, insulation, and compliance with building codes and sustainability goals. The coil coatings market is witnessing significant growth strategies from key players to expand their product offerings and increase market shares. Acquisitions, partnerships, and collaborations are popular strategies to broaden the portfolio and cater to various end-user industries, including automotive, building and construction, and appliances. BlueScope's recent acquisition of Cornerstone Building Brands' coil coatings business is an example of this trend. Such moves strengthen companies' positions in the global coil coatings market and enhance their ability to serve diverse customer needs. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The Coil Coatings Market faces several challenges in the paint industry. Industrial facilities require high-performance polymer coatings for metal surfaces, such as steel, to withstand harsh weather conditions and UV radiation. However, there is a growing demand for environmentally friendly solutions, including alternative products with low-VOC content and recycling programs. Legislation and statutory regulations, including federal agencies and environmental regulations, also impact the market. Technological advancements in sustainable coating formulations, such as water-based formulations, are essential to meet sustainability goals and consumer preferences. Coil coatings are used in various industries, including automakers, home appliances, and infrastructure, for cladding, insulation, and corrosion resistance. Innovation in processes and surface chemistry is crucial to ensure superior quality finishes, longevity, and aesthetics. Coil coating solutions are essential for pre-painted steel and coated steel in roofing, wall cladding, and other applications. Coil coating application is also critical for reactors, armatures, transformers, pipelines, and metal roofing to enhance energy savings and meet building codes. Coil coatings are manufactured using binders and solvents, including metals, alcohols, and resins. Resins serve as the fundamental raw materials for producing binders. The cost of coil coatings is directly influenced by the price fluctuations of these raw materials. Vendors are forced to increase the final product price when raw material costs rise. Factors such as high demand-to-supply ratios, taxes, duties, tariffs, and production disruptions in iron ore mining can lead to increased raw material prices. To maintain price and product mix control, key players procure raw materials prior to production. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This coil coatings market report extensively covers market segmentation by Resin Type 1.1 Polyester 1.2 Plastisol 1.3 Siliconized polyester 1.4 Fluoropolymer 1.5 Others End-user 2.1 Building and construction 2.2 Automotive 2.3 Appliances 2.4 Others Geography 3.1 APAC 3.2 North America 3.3 Europe 3.4 Middle East and Africa 3.5 South America 1.1 Polyester- Coil coatings are an essential part of various industries, including construction, automotive, and aerospace. The majority of resins used in coil coating applications are linear polyesters, which offer better metal adhesion and impact resistance than thermosetting acrylics. These polyesters can be engineered to provide excellent mechanical, impact, UV, and chemical resistance in waterborne, high solids, low-VOC, and powder coatings. The most common type of polyester polyol used for coil coatings is hydroxyl-terminated linear polyester polyols. These polymers are preferred for their flexibility and chemical resistance when cured with melamine or blocked isocyanate. Coil coatings are applied to metal coils after they are formed, a process known as pre-paint. Linear polyesters used in coil coatings typically employ diols like neopentyl glycol, propylene glycol, butane diol, or 1,6 hexane diols instead of trifunctional hydroxyl building blocks. The diacids of these resins can be a mixture of an aromatic diacid and a linear aliphatic diacid or a dianhydride of the latter. Coil coatings are cured quickly at high temperatures using an aminoplast crosslinker such as melamine or a blocked isocyanate. The increasing demand for coil coatings is driving the growth of the polyester segment in the global coil coatings market due to their superior properties and versatility. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The coil coating market refers to the production and application of thin, uniform films of protective and decorative coatings on steel and aluminum coils. These prepainted metal panels are widely used in various industries, including construction, automotive, and appliance manufacturing. Coil coating materials are essential for this process, with key considerations including coating thickness, durability, and resistance to weathering and chemicals. Coil coating services and suppliers play a crucial role in the industry, providing expertise in application techniques and supplying a range of coating options. Coil coating manufacturers continually innovate to meet evolving market demands, incorporating advanced technologies and sustainable practices. Government agencies set regulations to ensure coil coating safety and environmental sustainability. Coil coating technology has evolved to offer benefits such as flexibility, hardness, and improved performance. Applications for coil coating span across industries, with architectural and aluminum coil coatings being popular choices for their aesthetic appeal and durability. Coil coating development focuses on enhancing coating resistance, increasing sustainability, and improving the coating process efficiency. Coil coating standards ensure consistent quality and performance, while coil coating innovation continues to push the boundaries of what is possible in this versatile industry. Market Research Overview The coil coating market encompasses high-performance polymer coatings applied to industrial facilities and various products, including metal, cladding, steel, and pre-painted steel. Technological advancements in this industry have led to the development of UV radiation-resistant coatings, alternative products, and environmentally friendly solutions. Infrastructure projects, such as buildings, bridges, and energy infrastructure, increasingly rely on coil coatings for corrosion resistance and energy savings. Harsh weather conditions, including UV rays and extreme temperatures, necessitate the use of superior quality finish coatings. Consumer preferences for sustainable coating formulations, such as water-based and low-VOC content, are driving innovation in the market. Statutory regulations and legislations, including those related to VOC emissions and toxic substances, are also influencing the market. Applications of coil coatings span across various industries, including automakers, home appliances, and federal agencies, for roofing, wall cladding, insulation, and more. Coil coating solutions offer energy savings, longer lifespan, and superior aesthetics, making them a popular choice for designers and consumers alike. Processes like reactors, armatures, transformers, pipelines, and metal roofing benefit from the efficiency and durability of coil coatings. Building codes and sustainability goals continue to push the industry towards innovation in coil coating technologies. Table of Contents: 1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation Resin Type End-user Geography 7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio Sign in to access your portfolio
