- Plan for enhanced value creation
- Demonstrates benefits of two focused businesses
- Results for first quarter 2017 to be announced on same day
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."
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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.