AkzoNobel to outline new strategy and updated financial guidance at investor update on April 19, 2017
March 28 2017 - 2:00AM
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.
Not for
publication - for more information
Corporate
Media Relations |
Corporate
Investor Relations |
T +31
(0)88 - 969 7833 |
T +31
(0)88 - 969 7590 |
Contact:
Andrew Wood |
Contact:
Lloyd Midwinter |
Safe Harbor
Statement
This 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.
Media Release - AkzoNobel
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AkzoNobel NV via Globenewswire
Akzo Nobel NV (EU:AKZA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Akzo Nobel NV (EU:AKZA)
Historical Stock Chart
From Sep 2023 to Sep 2024