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AkzoNobel: Economic environment still challenging, maintains 2013 operating income forecast

12:24 PM MST | January 15, 2014 | Michael Ravenscroft

AkzoNobel says that its full-year 2013 operating income before incidental items is unlikely to exceed the €908 million ($1.2 billion) reported in 2012. This has been AkzoNobel's forecast since mid-2013. The company says that the economic environment "continues to be challenging." Trading into fourth-quarter 2013 was "in line with previous trends," AkzoNobel says. The company says that its performance improvement plan is "on track to achieve its 2013 targets". Restructuring charges are expected to reach €300 million...

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