Headwinds experienced during 2017, including higher raw material costs and adverse effects from foreign currencies, are projected to continue in 2018, especially during the start of the year.

We anticipate ongoing positive developments for Decorative Paints in all regions, particularly Asia. Trends for Performance Coatings are expected to be positive for most segments and regions, while still challenging for Marine and Protective Coatings.

We continue implementing various measures to mitigate current market challenges, including increased selling prices and cost discipline. Our “Winning Together: 15 by 20” strategy will create a focused Paints and Coatings company and deliver our 2020 guidance.

Please refer to our website for more information on our ambitions and the strategic focus areas.

Amsterdam, April 24, 2018
The Board of Management

McLaren’s vividly colourful F1 racing car MCL33 (Photo)

Stunning colors help revive McLaren F1 team’s racing heritage
The most eye-catching car of the new Formula 1 season – McLaren’s MCL33 – features striking racing livery created with superior coatings technology supplied by our Sikkens brand. As official supplier to the McLaren F1 team, we provide color, protection and performance, with the new Papaya Spark livery being specifically designed to celebrate McLaren’s racing heritage. The innovative coating systems supplied by the company have enabled McLaren to significantly reduce the total weight of paint and decrease paint processing time by more than 50%.