11/25/2023 0 Comments Grupo orbis colombia![]() Summary of financial resultsĪlternative performance measures please refer to reconciliation to the most directly comparable IFRS measures on pages 13 (free cash flow), 16 and 17 (all other alternative performance measures). A reconciliation of the alternative performance measures to the most directly comparable IFRS measures can be found in the tables on pages 13 (free cash flow), 16 and 17 (all other alternative performance measures). Alternative performance measures (APM)ĪkzoNobel uses APM adjustments to IFRS measures to provide supplementary information on the reporting of the underlying developments of the business. * Outlook is based on organic volumes and constant currencies, and assumes no significant market disruptions. The company aims to lower its leverage ratio to less than 3.4 times net debt/EBITDA, including the impact of the Kansai Paint Africa acquisition, by the end of 2023 and return to around 2 times post-2023. Based on current market conditions, AkzoNobel targets to deliver €1.40 to €1.55 billion adjusted EBITDA. AkzoNobel expects declining raw material costs to have a favorable impact on profitability. Cost reduction programs are expected to partly mitigate higher than expected inflationary pressure on operating expenses for 2023. The company will focus on margin management, cost reduction, working capital normalization and de-leveraging. Net cash from operating activities positive €255 million (2022: negative €154 million)ĪkzoNobel expects the ongoing macro-economic uncertainties to continue and weigh on organic volume growth. Operating income 5% higher at €461 million (2022: €437 million), adjusted operating income 10% Revenue flat on unfavorable exchange rates, 5% up in constant currencies Highlights half-year 2023 (compared with half-year 2022) ![]() Net cash from operating activities positive €305 million (2022: negative €52 million) ![]() Revenue 4% down on unfavorable exchange rates, 3% up in constant currencies Highlights Q2 2023 (compared with Q2 2022) He is an Arbitrator for the Conciliation, Arbitration and Amicable Composition Center of the Chamber of Commerce of Medellín.Akzo Nobel N : Halfjaarlijkse financiële verslaggeving (Grupo Orbis’s holding company) and senior attorney at an important local law firm. ![]() ![]() He was an attorney for Bancolombia’s legal office of corporate affairs and attorney for Bancolombia’s Legal Vice President’s General Secretariat, acting as corporate secretary general of Banca de Inversión Bancolombia S.A., corporate legal director of Inversiones Mundial S.A. He has successfully helped structure, negotiate, document and close private equity operations (venture capital – growth capital) for private equity funds in Colombia. In business matters, Camilo has represented and advised important national and international clients on establishing and developing their businesses in Colombia, including topics related to foreign investment, corporate reorganizations, mergers and acquisitions (M&A), managing corporate conflicts, legally structuring financing and investment projects through various vehicles dissolving and liquidating companies.įurthermore, Camilo has experience in the capital market, especially in complying with securities market regulations and corporate governance issues for industrial and financial sector issuers listed on the Colombian and New York Stock Exchange, under international principles, Colombian standards, the Sarbanes-Oxley Act, SEC rules and NYSE/NASDAQ rules. Leader of the Firm’s corporate law, capital market and securities regulation practices. ![]()
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