AkzoNobel achieves all Q2 targets as profitability rises for the fifth consecutive quarter

AkzoNobel reported stronger earnings for the second quarter and first half of 2026, supported by pricing actions that offset lower revenue and adverse currency impacts.

In the second quarter, the company recorded 2% organic sales growth driven by pricing, while volumes remained stable. Revenue declined 1% year-on-year. Operating income increased to €251 million from €214 million in Q2 2025, while organic adjusted EBITDA rose by €18 million, primarily due to pricing. The adjusted EBITDA margin improved to 15.4%, compared with 15.0% a year earlier. Net cash generated from operating activities totaled €170 million, compared with €234 million in the prior-year period.

For the first half of 2026, organic sales were flat, although revenue decreased 5% due to unfavorable currency movements. Operating income increased to €428 million, up from €406 million in the first half of 2025. Organic adjusted EBITDA improved by €39 million, supported by pricing initiatives, while the adjusted EBITDA margin increased to 14.9% from 14.3%. Net cash from operating activities amounted to €84 million, compared with €122 million in the corresponding period of 2025.

“AkzoNobel had another strong quarter, with organic sales, operating income and adjusted EBITDA all increasing. Adjusted EBITDA margin was up by 40 base points, which marks the fifth consecutive quarter of increase. This demonstrates that our plan is delivering value regardless of market conditions. Robust pricing and a relentless focus on cost efficiency continue to support our performance.

“We’re delivering today while laying the foundations for a brighter tomorrow. We achieved our ambition of reducing carbon emissions from our operations by 50%, four years ahead of our 2030 target. Our merger with Axalta is progressing as planned, with the shareholder vote on August 5 and an expected closing at the end of 2026 or early 2027. And we remain on track to achieve our full-year targets.”

Source: AkzoNobel