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As of 10:09 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

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akzo nobel nv-spon adr (AKUN) Details

Akzo Nobel N.V. is engaged in the decorative paints, performance coatings, and specialty chemicals businesses worldwide. Its specialty chemicals include functional chemicals comprising cellulosic specialties, chelates, ethylene amines, metal alkyls, micronutrients, organic peroxides, polysulfides, redispersable powder polymers, salt specialties, and sulfur products, as well as powder polymers for construction applications covering cement and repair mortars, adhesives, floor coatings, and waterproofing systems. The company’s specialty chemicals also comprise industrial chemicals, including salt, chlor-alkali products, and monochloracetic acid; pulp and performance chemicals consisting of bleaching chemicals, such as sodium chloride and hydrogen peroxide, process chemicals, and colloidal silica and expandable microspheres; and surface chemistry chemicals for industrial and agricultural applications. Its performance coating products include automotive and aerospace coatings, marine and protective coatings, powder coatings, and industrial coatings. The company’s decorative paints consist of interior and exterior decoration, as well as protection products. It serves a range of customers, including ship and yacht builders and architects; consumer electronics and appliance companies; steel manufacturers; the construction industry; furniture makers; aircraft, bus, and truck producers; can makers and vehicle bodyshops; and professional and do-it-yourself markets. The company was founded in 1646 and is headquartered in Amsterdam, the Netherlands.

48,440 Employees
Last Reported Date: 07/23/14
Founded in 1646

akzo nobel nv-spon adr (AKUN) Top Compensated Officers

Chairman of Management Board and Chief Execut...
Total Annual Compensation: €1.5M
Compensation as of Fiscal Year 2013.

akzo nobel nv-spon adr (AKUN) Key Developments

Akzo Nobel N.V. Declares Interim Dividend

Akzo Nobel N.V. declared interim dividend of EUR 0.33.

Akzo Nobel NV Reports Earnings Results for the Third Quarter and Nine Months of 2014

Akzo Nobel NV reported earnings results for the third quarter and nine months of 2014. For the quarter, the company reported revenue of €3,686 million from €3,778 million, operating income of €335 million, compared with €303 million, EBITDA of €487 million, compared with €456 million and net income attributable to shareholders of €205 million compared to €155 million in the prior-year, due to higher operating income and lower finance expenses. Adjusted EPS increased 24% to EUR 0.92 against EUR 0.74 for the same period in the last year. For the nine months, the company reported revenue of €10,779 million from €11,108 million, operating income of €904 million, compared with €842 million, EBITDA of €1,360 million, compared with €1,305 million and net income attributable to shareholders of €539 million compared to €673 million in the prior-year.

AkzoNobel Staff at Botlek Chlorine Plant Continue Strike

AkzoNobel announced that in the Botlek area of Rotterdam is still operating at low capacity utilisation rates due to a strike lasting for weeks. This way, the personnel wants to force the management to consider a separate wage deal for them. The employees further demand a 10% salary rise, including 3% for this year. The company described the wage demand as unrealistic and unreasonable, mainly due to the difficult situation in the whole basic chemistry sector which is already under major pressure because of the high energy prices in Europe. Trade unions informally met last week the management of the chemicals group, but this did not lead to anything, Ron Vos from the FNV Bondgenoten union. Vos does not expect the conflict to be resolved soon. The chlorine plant employs 95, of whom 55 production workers, who still fall under the company's collective bargaining agreement. Currently, the plant operates at less than 50% of its capacity, but a further reduction of the production output is not possible for safety and environmental reasons. The situation can change if trade union members accept AkzoNobel's new wage proposal for all of its employees in the Netherlands. In this case, the collective labour agreement will apply to the workers at the chlorine plant in the Botlek area of Rotterdam, too.


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