AkzoNobel announced an extraordinary shareholders meeting on 8 September in order to appoint the new CEO and additionally discuss the company’s response to PPG’s offers. Furthermore, the company announced the new structure for the executive committee in order to drive operational excellence. Last but not least, Akzo reported Q2 figures, which were poor, as expected by us, and did not meet consensus. Management confirmed recently-given FY guidance, with EBIT increasing by c.€1
25 Jul 2017
A lot of noise at Akzo
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A lot of noise at Akzo
AkzoNobel announced an extraordinary shareholders meeting on 8 September in order to appoint the new CEO and additionally discuss the company’s response to PPG’s offers. Furthermore, the company announced the new structure for the executive committee in order to drive operational excellence. Last but not least, Akzo reported Q2 figures, which were poor, as expected by us, and did not meet consensus. Management confirmed recently-given FY guidance, with EBIT increasing by c.€1