Company Is Getting Back on Its Feet, Says Akzo Nobel CEO

The video discusses the challenges faced by the industry due to high raw material costs and the strategies implemented to recover, including cost-saving measures and price increases. It addresses the impact of inflation on pricing and the ability to pass costs to customers. The potential effects of a trade war on the global economy and consumer confidence are analyzed, with a focus on capital investments. Finally, the video outlines plans for returning proceeds from a business sale to shareholders, considering various options like share buybacks and cash returns.

What was the main challenge faced by the industry last year?

• Technological changes

• High raw material costs

• High competition

• Low demand

How much did the company increase prices for decorative paints?

• 7%

• 10%

• 5%

• 3%

What is the company's strategy to deal with raw material inflation?

• Outsource production

• Lay off employees

• Reduce production

• Increase prices

What is the company's main concern regarding the trade war?

• Direct impact on sales

• Regulatory changes

• Overall economic confidence

• Increased competition

How does the company view the impact of the trade war on its business?

• No impact

• Positive impact

• Minimal direct impact

• Significant direct impact

What is the expected outcome of the specialty chemicals sale?

• Investment in new technology

• Expansion into new markets

• Return of proceeds to shareholders

• Acquisition of a competitor

What options are being considered for returning proceeds to shareholders?

• Expansion of facilities

• Share buyback and cash distribution

• Investment in R&D

• Increase in employee salaries