Akzo Nobel Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Akzo Nobel (AMS:AKZA) Second Quarter 2024 Results

Key Financial Results

• Revenue: €2.78b (up 1.6% from 2Q 2023).
• Net income: €176.0m (up 49% from 2Q 2023).
• Profit margin: 6.3% (up from 4.3% in 2Q 2023).
• EPS: €1.03 (up from €0.69 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Akzo Nobel Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 5.4%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 4.4% from a week ago.

Risk Analysis

Be aware that Akzo Nobel is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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