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"We are now a stronger, more agile company, with excellent brands, a growing global presence and a solid financial and operational foundation. We maintain our financial guidance for 2016-2018."

Full-year 2016 in € million

Q4 2016 in € million

* Mainly due to lower incidental items compared to 2015

Decorative Paints: Full-year volumes were up 3% overall with positive developments in Asia and EMEA, while volumes in Latin America were down. Positive volumes were more than offset by unfavorable currency effects and adverse price/mix. Revenue was down 4%. The company won a key award for its wet color tester in the Netherlands; it is now being rolled out into other markets, part of ongoing efforts to help consumers make more confident color choices.

Performance Coatings: Full-year volume was flat as growth in some segments was offset by adverse conditions in the marine and oil & gas industries. Demand trends differed per segment and region. Revenue was down 5%, driven by adverse currencies and price/mix effects. AkzoNobel`s Vehicle Refinishes business launched Colorvation digital technology, a unique system to increase speed and accuracy in color matching for body shops, maximizing productivity and profitability.

Specialty Chemicals: Full-year volumes were up 1%, with positive developments, mainly driven by Asia and Europe. Revenue was down 4% with positive volume developments more than offset by price deflation in several markets. Continuing the focus on growth markets, AkzoNobel inaugurated two new plants in Ningbo, China, and announced a further facility in Tianjin. The company also announced a joint venture with Atul to set up a monochloroacetic acid plant in India.

Continuous improvement
AkzoNobel is on track with a multi-year program to transform its global functions into a standard operating model to better support the business to drive growth and innovation. In addition, 75% of the company`s manufacturing sites have now deployed the AkzoNobel Leading Performance System (ALPS), designed to increase productivity and performance.

Acquisition
AkzoNobel completed the acquisition of BASF`s Industrial Coatings business in the fourth quarter. This business is expected to generate sales of around €280 million in 2017. It strengthens the company`s position as the global number one supplier in coil coatings, and gives it a full-service offering for the protection and maintenance of wind turbines. The deal includes manufacturing plants in the UK and South Africa.

Sustainability, Human Cities and Innovation
AkzoNobel led a unique partnership with Google, Philips and DSM to jointly source power from renewable energy projects in the Netherlands. It also introduced an essential ingredient, Dissolvine M-40, to help detergent manufacturers meet strict environmental regulations. The company`s Human Cities initiatives helped regenerate areas around the world, including Rotterdam, Shanghai, China, Quito, Ecuador; and Montevideo, Uruguay, making people`s lives more liveable and inspiring.

Business Area highlights in € million

More information on our financial guidance can be found on www.akzonobel.com/about-us/strategy

1. Operating income excluding incidental items.

2. ROS% is EBIT divided by revenue. Moving average ROI% is 12 months EBIT divided by 12 months average invested capital

3. Eco premium solutions and services deliver environmental or social benefits for our customers when compared with competitive products

The Q4 2016 report can be viewed and downloaded at www.akzonobel.com/quarterlyresults.

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AkzoNobel creates everyday essentials to make people`s lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do.

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Safe Harbor Statement
This press release contains statements which address key issues such as AkzoNobel`s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest annual report, a copy of which can be found on our website: www.akzonobel.com.

Infographic Q4 and full year results
Q Report
CEO Ton Büchner
PDF Media Release

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AkzoNobel NV via GlobeNewswire
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