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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Akzo keeps 2013 profit forecast, Arkema cuts Ebitda projection

6:30 AM MST | January 17, 2014 | —Michael Ravenscroft and Ian Young

AkzoNobel has reiterated that the company’s full-year 2013 operating income before incidental items is unlikely to exceed the €908 million ($1.2 billion) reported in 2012. The company originally made this forecast in July 2013. AkzoNobel says that the economic environment “continues to be challenging.” Trading in the fourth quarter of 2013 was “in line with previous trends,” AkzoNobel says. The company, meanwhile, says that its performance improvement plan is “on track to achieve its 2013 targets.” Restructuring...

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