Resumen de AkzoNobel issues profit warning following truce with investors
The paintmaker said earnings would come below EUR 100m, as it continues with its chemical spin-out plans.
AkzoNobel, which owns the Dulux paint brand, has ditched its previous profit target, only weeks after calling a ceasefire with investors over a rejected takeover bid.
"Current challenges in the paints and coatings markets are having a wider and greater impact as the year continues," said Akzo's CEO Thierry Vanlancker in September.
The company said that results for 2017 would be "higher than 2016 although by less than the previously communicated increase of EUR 100m".
Akzo said it is "is implementing a range of measures to mitigate current market challenges", including currency headwinds, supply chain disruption, and rising prices for raw materials such as titanium dioxide.
A truce between the board and Elliot Advisors, the largest shareholder, was agreed in August, as the company moved forward with plans to spin out its speciality chemicals segment from its coatings business.
