AkzoNobel outlines next phase towards leading performance
(Thomson Reuters ONE) -
October 27, 2015
Today, at a Capital Markets Day in London, the Executive Committee of AkzoNobel
will provide an outlook for the business in the near future and present the next
phase in the company strategy towards leading performance.
The update will include details from each of AkzoNobel's Business Areas:
Specialty Chemicals, Performance Coatings and Decorative Paints. Additional
sessions will cover people, leadership and culture, as well as Integrated Supply
Chain.
AkzoNobel will also provide financial guidance for the period 2016 to 2018.
Built on the company's new foundation which has been established since 2012,
there will be a continued focus on operational excellence, organic growth,
innovation and sustainability.
The AkzoNobel group financial guidance for 2016 to 2018*:
+-------------------------------------------+---------------+
| Return on sales (ROS) range between | 9% and 11% |
+-------------------------------------------+---------------+
| Return on investments (ROI) range between | 13% and 16.5% |
+-------------------------------------------+---------------+
AkzoNobel has a clear aim to grow in line with, or faster than, its relevant
markets.
* The financial performance range is based on the following assumptions:
1. ROS = EBIT/revenue and ROI = EBIT/average 12 months invested capital
2. Currencies versus ?: $1.1, £0.71, ¥7.1
3. Oil price ~$60/bbl; no significant market disruptions
CEO Ton Büchner said: "We have made strong progress in transforming AkzoNobel
into a leaner and more agile organization focused on our customers. Looking
ahead, in a diverging and volatile economic environment, we remain focused on
continuously improving every aspect of our business, providing clear guidance on
our future growth and range of our financial performance."
The Capital Markets Day presentation will be available from October 27, 13.30
CET, on our website www.akzonobel.com.
- - -
AkzoNobel is a leading global paints and coatings company and a major producer
of specialty chemicals. Calling on centuries of expertise, we supply industries
and consumers worldwide with innovative products and sustainable technologies
designed to meet the growing demands of our fast-changing planet. 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 one of the
leaders in the area of sustainability, we are committed to making life more
liveable and our cities more human.
Not for publication - for more information
Corporate Media Relations Corporate Investor Relations
T +31 (0)20 - 502 7833 T +31 (0)20 - 502 7854
Contact: Diana Abrahams 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
20151027 AkzoNobel media release:
http://hugin.info/130660/R/1961534/715299.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Akzo Nobel NV via GlobeNewswire
[HUG#1961534]
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 429575
Anzahl Zeichen: 5047
contact information:
Town:
Amsterdam
Kategorie:
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