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Anticipates €350m adjusted EBITDA improvement through ‘Grow’, €200m adjusted EBITDA improvement through ‘Deliver.’
February 17, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
AkzoNobel is hosting a live virtual investor event to further elaborate on the company’s Grow & Deliver strategy. The event will reinforce confidence in the company’s €2 billion adjusted EBITDA target for 2023 and provide further clarity on plans that are in place to deliver the significant step-up. Key building blocks towards 2023 versus 2021 include: • ~€350m adjusted EBITDA improvement through “Grow,” growing at or above the company’s relevant markets • ~€200m adjusted EBITDA improvement through “Deliver,” driven by product management and integrated supply chain initiatives “We’re off to a strong start with our Grow & Deliver strategy,” said AkzoNobel CEO Thierry Vanlancker. “Organic revenue growth for 2021 was above the market and we’ve shown strong resilience with our Q4 2021 results. We’re very much on track as we continue to ramp up progress towards our 2023 targets. “The plans we have in place are underpinned by a clear growth trajectory, along with significant operational efficiencies,” Vanlancker added. “We’re also well positioned in key growth markets, with strong brands and leading positions, and remain in excellent shape to further accelerate achieving our strategic ambitions.”
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