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AkzoNobel Outlines Next Phase Towards Leading Performance

By: Catherine Diamon

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 says it 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.” 

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