Akzo Nobel's share falls by more than 7 percent on the Amsterdam stock exchange after the report.
The new forecast sets its sights on an operating result of around 1.48 billion euros.
Akzo Nobel, which according to its website has 900 employees at five locations in Sweden, is currently implementing a savings package to reduce costs and streamline the business.
According to CEO Grégoire Poux-Guillame, it will mean a staff reduction of a total of 2,500 employees – which is more than the 2,200 employees the company had previously announced layoffs for.
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