Akzo Nobel CEO Sees 'Dire Need' for Some Certainty on Brexit

The transcript discusses the impact of Brexit on businesses, particularly focusing on the uncertainty it brings to the UK market. It highlights Akzo Nobel's strategy in the UK, emphasizing the importance of the market and potential acquisitions. The competitive environment and consumer confidence are also explored. Additionally, the transcript covers Akzo Nobel's global M&A activities and improvement plans, aiming for profit targets by 2020. Finally, it provides insights into the economic conditions in the Eurozone and other global markets, noting areas of concern and stability.

What is the primary concern for Akzo Nobel regarding Brexit?

• Increased tariffs on exports

• High production costs

• Uncertainty about the outcome

• Lack of skilled labor

How does Akzo Nobel view the competitive intensity in the UK market?

• As negligible

• As already intense

• As a significant threat

• As a minor concern

What has been a major challenge for Akzo Nobel due to the weak pound?

• Higher labor costs

• Reduced consumer confidence

• Decreased export opportunities

• Increased import costs

Why is the UK market important for Akzo Nobel?

• It is a key market with strong brand presence

• It has high growth potential

• It is their largest market globally

• It offers low production costs

What is Akzo Nobel's approach to acquisitions in the UK?

• They are focusing on reducing their presence

• They are only interested in large deals

• They are actively looking for opportunities

• They are avoiding acquisitions

What is the focus of Akzo Nobel's improvement plan '15 by 20'?

• Increasing production by 15% by 2020

• Expanding into 15 new markets by 2020

• Achieving a specific profit target by 2020

• Reducing costs by 15% by 2020

Which market is currently a concern for Akzo Nobel due to its lukewarm performance?

• The US market

• The Chinese market

• The Indian market

• The Australian market