Jotun Maintains Its Growth Momentum

Jotun’s operating revenue increased by 2% year-on-year, while operating profit rose by 4%. The company attributed the improved performance mainly to higher sales volumes and price adjustments that helped partially offset rising raw material costs.

Excluding the negative currency impact of a stronger Norwegian krone, sales increased by 10%, while operating profit rose by 13%, reflecting strong underlying growth.

Jotun delivers yet another strong result. All business segments and geographical regions contributed positively, and we are pleased to see that our long-term strategy, strong market positions and dedicated employees continue to deliver positive results

Mixed Performance and Ongoing Challenges

The year 2026 has brought both celebration and challenges for Jotun. While the Norwegian paints and coatings manufacturer marks its 100th anniversary, it continues to operate extensively across conflict-affected Middle Eastern markets, where it has several major facilities and nearly 2,000 employees.

“The conflict continues to weigh on us, with supply chain disruptions and increased raw material costs adding pressure on our margins. We have navigated significant geopolitical tension and currency fluctuations, and I’m proud to see the resilience shown by our teams around the world”, says Fon.

Outlook for the Coming Period

Despite continued global uncertainty, Jotun remains committed to investment. Major projects to expand production capacity and strengthen logistics and R&D facilities are supporting the company’s long-term growth strategy.

“In addition to handle the ongoing challenges, we continue to identify profitable growth opportunities in existing and new markets. Our goal is to strengthen our competitiveness even further”, says Fon. 

Supported by a diverse product portfolio and extensive global presence, Jotun is well equipped to navigate ongoing uncertainty while continuing its long-term investments and growth strategy.

Financial Highlights

Source: Jotun