AkzoNobel to outline new strategy and updated financial guidance at investor update on April 19, 2017
March 28 2017 - 2:02AM
March 28, 2017
- Plan for enhanced value creation
- Demonstrates benefits of two focused businesses
- Results for first quarter 2017 to be announced on same
day
AkzoNobel N.V. (AKZA.AS; AKZOY)
AkzoNobel will hold an investor update on Wednesday, April 19,
2017 to outline plans for the creation of two focused businesses
and enhanced long-term value creation. This investor update follows
the recent announcement to review strategic options for the
separation of its Specialty Chemicals business.
The company will provide updated financial guidance and growth
plans, demonstrating the benefits of two focused businesses.
Further details regarding the strategic options for the separation
of its Specialty Chemicals business will be provided.
AkzoNobel will also publish results for the first quarter 2017
on Wednesday, April 19, 2017. This date has been brought forward to
shorten the close period, enabling the investor update to take
place.
Ton Büchner, CEO, AkzoNobel:
"We have, during recent years, achieved record performance
levels for AkzoNobel in terms of profitability and a range of
operational measures, generating value for shareholders. We are
delivering on our commitments. AkzoNobel is now a leaner, more
agile company with a solid financial and operational foundation and
a focus on accelerating growth.
Our new strategy will further unlock the value within the
company, including the creation of two focused businesses. We are
convinced we have a strong platform to build further on our
leadership positions to deliver improved profitability and
additional long-term value creation for shareholders, employees,
customers, the communities where we operate and other
stakeholders.
We are best placed to deliver these plans ourselves, building on
the existing momentum we have within the company. We look forward
to sharing more details on our vision of the future for
AkzoNobel."
For more information about recent developments within AkzoNobel
click here
- - -
AkzoNobel creates everyday essentials to make people's lives
more liveable and inspiring. As a leading global paints and
coatings company and a major producer of specialty chemicals, we
supply essential ingredients, essential protection and essential
color to industries and consumers worldwide. Backed by a pioneering
heritage, our innovative products and sustainable technologies are
designed to meet the growing demands of our fast-changing planet,
while making life easier. Headquartered in Amsterdam, the
Netherlands, we have approximately 46,000 people in around 80
countries, while our portfolio includes well-known brands such as
Dulux, Sikkens, International, Interpon and Eka. Consistently
ranked as a leader in sustainability, we are dedicated to
energizing cities and communities while creating a protected,
colorful world where life is improved by what we do.
AkzoNobel had total revenues of €14.2 billion in 2016: Specialty
Chemicals - €4.8 billion, Decorative Paints - €3.8 billion,
Performance Coatings - €5.7 billion.
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Contact: Andrew Wood |
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Safe Harbor StatementThis press release
contains statements which address key issues such as AkzoNobel's
growth strategy, future financial results, market positions,
product development, products in the pipeline and product
approvals. Such statements should be carefully considered, and it
should be understood that many factors could cause forecasted and
actual results to differ from these statements. These factors
include, but are not limited to, price fluctuations, currency
fluctuations, developments in raw material and personnel costs,
pensions, physical and environmental risks, legal issues, and
legislative, fiscal, and other regulatory measures. Stated
competitive positions are based on management estimates supported
by information provided by specialized external agencies. For a
more comprehensive discussion of the risk factors affecting our
business please see our latest annual report, a copy of which can
be found on our website: www.akzonobel.com.
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