We anticipate positive developments for EMEA (excluding the UK), North America and Asia, while Latin America is expected to stabilize.
Industry specific headwinds continue, including higher raw material prices and challenges for marine and protective coatings.
We are implementing various measures to mitigate current market challenges, including increased selling prices and additional cost control.
EBIT for 2017 is now expected to be in line with 2016, due to ongoing industry specific headwinds and supply chain disruptions.
Please refer to our website for more information on our ambitions and the strategic focus areas.
Amsterdam, October 18, 2017
The Board of Management