• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Coatings World Company Profile: Siltech Corp.

    Coatings World Interviews Axalta CEO Robert Bryant

    Resins Update

    Building a Sustainable Future

    Paint for Commercial Vehicles Goes Greener
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    PPG Brand Olympic Stains Announces 1st Ever 2021 Stain Color of the Year

    Stahl Launches NuVera

    PPG Acquires Automotive Coatings Manufacturer Cetelon

    Jebsen & Jessen, Innospec Sign Distribution Agreement

    IGL Coatings Announces Partnership in Finland
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Brand Olympic Stains Announces 1st Ever 2021 Stain Color of the Year

    IGL Coatings Announces Partnership in Finland

    HMG Paints Reports Positive Feedback on Contract Matt Emulsion

    Hempel Protects O2 Tidal Energy Turbine

    PPG Adds SEM Products to PPG ADJUSTRITE Commercial Estimating System
    Additives
    Binders
    Pigments
    Solvents

    Stahl Launches NuVera

    Jebsen & Jessen, Innospec Sign Distribution Agreement

    SONGWON, Chemo International Inc. Announce Distribution Partnership

    Evonik Joins MIT-IBM Watson AI Lab

    Stahl Outlines Sustainable Development Ambitions in 2020 ESG Report
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Shepherd Color Company, The

    Siltech Corporation

    Clariant Additives

    Pilot Chemical Company

    Eagle Specialty Products
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    11th Asia Pacific Floor Fair and Guangzhou Paint & Coatings Fair

    Coatings for Africa

    Coatings Expo Vietnam 2020
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Siltech Corporation

    Clariant Additives

    Pilot Chemical Company

    Keim Additec Surface USA LLC
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    AkzoNobel Delivers Improved Results for 2017

    Reconfirms financial guidance for 2020

    AkzoNobel Delivers Improved Results for 2017
    Related CONTENT
    • ChemQuest Group Hires Director
    • Clariant Joins EU Circular Plastics Alliance
    • Azelis Releases New Sustainability Strategy ‘Action 2025’
    • Zeppelin Group Increases Sales
    • Evonik Receives Sustainability Award from EcoVadis
    03.08.18

    Akzo Nobel N.V. (continuing and discontinued operations):

    • On track to create two focused, high performing businesses
    • Separation of Specialty Chemicals on track for April 2018: Specialty Chemicals business now reported as discontinued operations;
    • Revenue, including discontinued operations, up 3% (up 4% excluding currency impact) at €14,575 million;
    • EBIT, including discontinued operations, up 2% to €1,525 million;
    • Operating income, including discontinued operations, at €1,396 million includes identified items of €129 million, mainly related to the transformation of AkzoNobel, including the separation of Specialty Chemicals;
    • Net income attributable to shareholders at €832 million (2016: €970 million); 
    • Total dividend per share proposed for 2017 up 52% to €2.50 (2016: €1.65). €4.00 special cash dividend paid in December 2017 as advance proceeds related to the separation of Specialty Chemicals business;
    • Net cash inflow from operating activities at €969 million (2016: €1,291 million); 
    • 2020 financial guidance reconfirmed:
      • Paints and Coatings: 15% return on sales (ROS); return on investment (ROI) >25%; 
      • Specialty Chemicals 16% ROS; ROI >20%
    AkzoNobel Paints and Coatings (reported as continuing operations):
    • Revenue up 2% (up 4% excluding currency impact) and in both Business Areas, mainly due to volume growth and acquisitions, partly offset by unfavorable currency and price/mix;
    • Volumes 2% higher; up 7% for Decorative Paints with growth in all regions, down 1% for Performance Coatings due to adverse conditions in the marine, and oil and gas industries;
    • EBIT at €905 million (2016: €928 million), resulting from higher raw material costs, partly offset by increased selling prices, continuous improvement and cost control;
    • ROS at 9.4% (2016: 9.8%). ROI at 13.9% (2016: 14.4%);
    • Adjusted EPS from continuing operations at €2.56 (2016: €2.38);
    • Three acquisitions to help grow the business;
    • Opening of the most advanced and sustainable paints factory: Ashington, UK;
    • Dulux voted healthiest brand in the UK
    "In 2017, we delivered another year of increased EBIT with revenue growth for all Business Areas, driven by a combination of higher volumes and bolt-on acquisitions,” CEO Thierry Vanlacker said. “We are taking various measures amongst which cost control to deal with industry-wide headwinds, including higher raw material costs and challenges for the Marine and Protective Coatings business.

    "We strengthened our leading global position in performance coatings through the acquisitions of V.Powdertech business for Powder Coatings, Flexcrete Technologies Ltd. for Protective Coatings and Disa Technology (Disatech) for Specialty Coatings,” he continued.
     
    "In 2017, we opened the world's most advanced and sustainable paint plant in Ashington, UK. This will be the production center for our leading global brand, Dulux,” Vanlacker added. “Other examples of our focus on strengthening the business include a €13 million investment in a new innovation hub in the UK, and the opening of a new Performance Coatings facility in Chonburi, Thailand.
     
    "In September, we were ranked number one on the Dow Jones Sustainability Index. During the year, we put particular emphasis on increasing our energy efficiency, reducing material waste and continuing to deliver more eco-premium solutions for our customers,” the CEO said.
     
    "We are on track to create two focused, high performing businesses. The internal separation of the Specialty Chemicals business is complete and a full separation remains on track for April 2018,” Vanlacker concluded. “The transformation of AkzoNobel into a focused Paints and Coatings company is progressing well, with phase one on track to achieve €110 million savings in 2018, contributing directly towards delivering the 2020 financial guidance."

    To see more, click here.
    Related Searches
    • industrial
    • coatings
    • protective coatings
    • paint
    Suggested For You
    ChemQuest Group Hires Director ChemQuest Group Hires Director
    Clariant Joins EU Circular Plastics Alliance Clariant Joins EU Circular Plastics Alliance
    Azelis Releases New Sustainability Strategy ‘Action 2025’ Azelis Releases New Sustainability Strategy ‘Action 2025’
    Zeppelin Group Increases Sales Zeppelin Group Increases Sales
    Evonik Receives Sustainability Award from EcoVadis Evonik Receives Sustainability Award from EcoVadis
    Croda Joins TfS Global Initiative for Sustainable Chemical Supply Chains Croda Joins TfS Global Initiative for Sustainable Chemical Supply Chains
    Maroon Group Acquires Cary Company Maroon Group Acquires Cary Company's Raw Materials, Specialty Chemicals Distribution Business
    ChemQuest Hires Rich Gibson ChemQuest Hires Rich Gibson
    Q&A: The ChemQuest Group Q&A: The ChemQuest Group
     Emerald Kalama Chemical Acquired by LANXESS Emerald Kalama Chemical Acquired by LANXESS
    Nally, Novo Join PPG Board of Directors Nally, Novo Join PPG Board of Directors
    Raw Material Suppliers, Distributors Part of Recent M&A Activity Raw Material Suppliers, Distributors Part of Recent M&A Activity
    BYK Launches 2 Additives BYK Launches 2 Additives
    KRAHN Chemie Acquires Companies in Sweden, Great Britain, Spain KRAHN Chemie Acquires Companies in Sweden, Great Britain, Spain
    LANXESS Acquiring Emerald Kalama Chemical LANXESS Acquiring Emerald Kalama Chemical

    Related Breaking News

    • Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News | Wood Coatings
      PPG Brand Olympic Stains Announces 1st Ever 2021 Stain Color of the Year

      PPG Brand Olympic Stains Announces 1st Ever 2021 Stain Color of the Year

      Olympic Stains said it wanted to help homeowners create an outdoor escape.
      Anthony Locicero, Associate editor 04.19.21

    • Additives | Breaking News | Suppliers Corner
      Stahl Launches NuVera

      Stahl Launches NuVera

      The range currently comprises four polyurethane resin binders that are available as co-solvent-free water-based dispersions.
      Anthony Locicero, Associate editor 04.19.21

    • Breaking News | Paint & Coatings Manufacturer News
      PPG Acquires Automotive Coatings Manufacturer Cetelon

      PPG Acquires Automotive Coatings Manufacturer Cetelon

      Financial details of the transaction were not disclosed.
      Anthony Locicero, Associate editor 04.19.21


    • Additives | Breaking News | Distributor News
      Jebsen & Jessen, Innospec Sign Distribution Agreement

      Jebsen & Jessen, Innospec Sign Distribution Agreement

      This includes the EMPICOL, NANSA, and EMPILAN series.
      Anthony Locicero, Associate editor 04.19.21

    • Breaking News | Paint & Coatings Manufacturer News | Special Purpose Coatings
      IGL Coatings Announces Partnership in Finland

      IGL Coatings Announces Partnership in Finland

      Products available at Kärkkäinen Oy, one of the largest department stores in Finland.
      Anthony Locicero, Associate editor 04.16.21

    • Breaking News | Financial News
      PPG Directors Announce Quarterly Dividend of 54 Cents Per Share

      PPG Directors Announce Quarterly Dividend of 54 Cents Per Share

      Payable June 11 to shareholders of record May 10.
      Anthony Locicero, Associate editor 04.16.21


    • Breaking News | People in the News
      ChemQuest Group Hires Director

      ChemQuest Group Hires Director

      Robert J. "Bud" Equi joins the company from allnex, where he served as
      Anthony Locicero, Associate editor 04.16.21

    • Additives | Breaking News | Distributor News
      SONGWON, Chemo International Inc. Announce Distribution Partnership

      SONGWON, Chemo International Inc. Announce Distribution Partnership

      Chemo Internat'l became exclusive distributor of antioxidants, absorbers, light stabilizers and photoinitiators in Caribbean, Central and northern South America
      Anthony Locicero, Associate editor 04.16.21

    • Breaking News | Financial News
      Axalta Schedules 1Q 2021 Earnings Conference Call

      Axalta Schedules 1Q 2021 Earnings Conference Call

      Will release its first-quarter 2021 financial results after the close of trading on Monday, April 26.
      Anthony Locicero, Associate editor 04.16.21


    • Breaking News | Financial News
      PPG Highlights 2020 Performance at Annual Shareholders Meeting

      PPG Highlights 2020 Performance at Annual Shareholders Meeting

      At the meeting, shareholders re-elected directors.
      Anthony Locicero, Associate editor 04.15.21

    • Additives | Breaking News | Industry News
      Evonik Joins MIT-IBM Watson AI Lab

      Evonik Joins MIT-IBM Watson AI Lab

      Evonik, IBM Research, and MIT explore potential industrial applications.
      Anthony Locicero, Associate editor 04.15.21

    • Additives | Breaking News | Industry News
      Stahl Outlines Sustainable Development Ambitions in 2020 ESG Report

      Stahl Outlines Sustainable Development Ambitions in 2020 ESG Report

      A focal point of the 2020 ESG Report is Stahl’s ESG Roadmap.
      Anthony Locicero, Associate editor 04.15.21


    • Breaking News | Paint & Coatings Manufacturer News
      AkzoNobel Announces 2nd Global Startup Challenge

      AkzoNobel Announces 2nd Global Startup Challenge

      Launches May 18.
      Anthony Locicero, Associate editor 04.15.21

    • Additives | VideoBites
      VideoBite: Engineered Polymer Solutions

      VideoBite: Engineered Polymer Solutions

      R&D Technical Manager Dr. Robert Sandoval discusses EPS' additions to its waterborne industrial portfolio of high-performance resins and polymers.
      Kerry Pianoforte, Editor 04.14.21

    • Breaking News | Pigments | Suppliers Corner
      Shepherd Color Unveils Bismuth Vanadate Yellow Pigment

      Shepherd Color Unveils Bismuth Vanadate Yellow Pigment

      Shepherd Color’s Yellow 30C133 is only available in the company's Dynamix brand.
      Anthony Locicero, Associate editor 04.14.21

    Trending
    • Raw Material Availability, Prices Hikes May Be 2021’s Biggest Issue For Coatings, Ink Sectors
    • Coatings World Interviews Robert Bryant, CEO Of Axalta
    • Evonik Joins MIT-IBM Watson AI Lab
    • AkzoNobel Announces 2nd Global Startup Challenge
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    Breaking News
    • PPG Brand Olympic Stains Announces 1st Ever 2021 Stain Color of the Year
    • Stahl Launches NuVera
    • PPG Acquires Automotive Coatings Manufacturer Cetelon
    • Jebsen & Jessen, Innospec Sign Distribution Agreement
    • IGL Coatings Announces Partnership in Finland
    View Breaking News >
    CURRENT ISSUE

    April 2021

    • Coatings World Company Profile: Siltech Corp.
    • UV-Curable Coatings
    • Coatings World Interviews Axalta CEO Robert Bryant
    • Resins Update
    • Building a Sustainable Future
    • Paint for Commercial Vehicles Goes Greener
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Review Concludes Refined Grains Have a Place in Healthy Eating Patterns
    AstaReal Astaxanthin Ingredient Receives U.S. Patent Approval
    Study on Kemin’s DailyZz Botanical Blend Uncovers Sleep Quality, Next-Day Performance Benefits
    Coatings World

    Latest Breaking News From Coatings World

    SOS '21 Call For Papers
    ICP Acquiring Choice Adhesives
    PPG Brand Olympic Stains Announces 1st Ever 2021 Stain Color of the Year
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FDA OKs Canon Medical's One-Beat Spectral Cardiac CT
    NeuroLogica Debuts Next-Generation SmartMSU with OmniTom Elite
    IZI Medical Products Launches Fully Automatic Quick-Core Auto Biopsy System
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Resilience Acquires Ology Bioservices
    RDIF, Hualan Ink COVID-19 Vaccine Deal
    Kintor, Visum Enter COVID-19 Manufacturing Partnership
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    2021 Perfumed Plume Awards Announces Finalists
    Bésame Cosmetics Unveils Marilyn Monroe Collection
    Procos Opens U.S. Office
    Happi

    Latest Breaking News From Happi

    Hair Luxury Company Expands Availability of Its Vegan Beauty to Walmart Online
    ACI Appoints Director, State Government Affairs
    Jergens Launches Mother’s Day Campaign
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    SE-DA Invests in Kornit Presto S
    Acrylic Resins Market Worth $21.9 Billion by 2025: MarketsandMarkets
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Sakata INX and INX International continue sustainability efforts
    TLMI reveals Eugene Singer Award winners at Virtual Spring Summit
    Monadnock Paper Mills joins SGP
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Andritz to Supply Elliptical Cylinder Pre-Needler in France
    Ahlstrom-Munksjö to be Delisted from Nasdaq Stockholm
    Radienz Living Introduces Sustainable Products
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    AgNovos Healthcare's AGN1 LOEP SV Kit Obtains IDE
    First Surgeries Completed with Globus Medical's CREO ONE Robotic Screw
    BioMagnetic Sciences Names President and CEO
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    SEMI, Center for Automotive Research Collaborate
    Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program
    Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login