AkzoNobel and the capital markets

EMEA Planning Hub in Barcelona (photo)

In the latter part of the year, we opened a new Planning Hub in the Barcelona Free Zone in Spain to centrally plan and manage the production of coatings for 30 factories and 125 warehouses in Europe. The opening of the new logistics center created 65 jobs in addition to the existing workforce of 560 employed at the location, where AkzoNobel has its Spanish headquarters.

Shares

AkzoNobel’s common shares are listed on Euronext Amsterdam. We’re included in the AEX Index, which consists of the top 25 listed companies in the Netherlands, ranked on the basis of their turnover in the stock market and free float. During 2021, 136 million AkzoNobel shares were traded on Euronext Amsterdam (2020: 203 million).

We have a sponsored level 1 American Depositary Receipt (ADR) program and ADRs can be traded on the international OTCQX platform in the US. See the table below for stock codes and ticker symbols.

Euronext ticker symbol

AKZA

ISIN common share

NL0013267909

OTC ticker symbol

AKZOY

ISIN ADR

US0101995035

AkzoNobel has 100% free float and a broad base of international shareholders. Based on an independent shareholder analysis, the “Distribution of shares” chart (near the bottom of this page) shows the geographical spread of institutional shareholders, of which the majority are based in the US (50%) and the UK (19%). Around 4% of the company’s share capital is held by private investors, many of whom are resident in the Netherlands. Approximately 42% of the company’s share capital was held by ESG investors* at year-end 2021, compared with 41% in 2020.

*As calculated by Nasdaq, according to their methodology, which is to include the sum of:
  • Core sustainable and responsible investor firms where 100% of equity assets are managed with an environmental, social and governance (ESG) approach
  • Sustainable and responsible investor themed funds managed by a broad range of sustainable and responsible investors

AkzoNobel achieved the highest possible rating (AAA) from MSCI for the sixth consecutive year.

Following 2021 reviews, we were included in a number of leading sustainability indices and continue to be the reference in the paints and coatings industry. For example, we achieved the highest possible rating (AAA) from MSCI for the sixth consecutive year. Please refer to the Sustainability statements for a full overview of external sustainability ratings.

Key share data1

 

2019

2020

2021

Year-end (share price in €)

90.69

87.86

96.50

Year-high (share price in €)2

91.86

91.60

107.80

Year-low (share price in €)2

69.12

48.50

83.50

Number of shares outstanding at year-end (in millions)3

200

191

182

Market capitalization at year-end (in € billions)

18.1

16.7

17.5

Dividend per share (in €)

1.90

1.95

1.98

Dividend yield (in %)3

2.1

2.2

2.1

1

Based on Bloomberg share data.

2

Based on close value.

3

Based on year-end share price. Excluding special dividend of €4.50 in 2019.

Share price performance 2021

AkzoNobel share price in €

AkzoNobel and the capital markets – Share price performance 2021 (line chart)

The AkzoNobel share price was up 9.8% at year-end 2021, compared with year-end 2020 (see Share price performance graph on the opposite page).

At year-end 2021, AkzoNobel was covered by 25 equity brokers, of which the majority had a “Buy” recommendation. An overview of analyst recommendations is shown in the graph above.

Distribution of shares 2021

in %

AkzoNobel and the capital markets – Distribution of shares 2021 (pie chart)

Analyst recommendations

AkzoNobel and the capital markets – Analyst recommendations (pie chart)
EMEA

Europe, Middle East and Africa.