Click the icon to add a specified price to your Dashboard list. This makes it easy to keep track on the prices that matter most to you.
Highlights Q3 2026 (compared with Q3 2025)
- Organic sales growth of +2% on pricing; revenue flat
- Operating income impacted by Russia deconsolidation and Pakistan divestment
- Organic adjusted EBITDA growth1 of €15 million
- Adjusted EBITDA margin increased to 15.3% (2025: 15.1%)
- Net cash from operating activities positive €187 million (2025: €331 million)
- Binding agreements signed to sell Deco Paints South East Asia for $1.35 billion, at 21x FY25 EBITDA
AkzoNobel CEO Greg Poux-Guillaume commented:
“AkzoNobel delivered another strong quarter, with organic sales and adjusted EBITDA both increasing. Our sixth consecutive quarter of margin expansion confirms our ability to realize pricing in challenging markets and to deliver on our ambitious cost savings plan.
“We also announced the divestment of our Decorative Paints business in South East Asia, which successfully concludes the strategic review of our Paints portfolio in Asia. At an enterprise value of 21x FY25 EBITDA – more than twice our current trading multiple – it unlocks significant value, as did the previous sale of our liquid coatings businesses in India for 25x EBITDA. Meanwhile, our merger with Axalta is firmly on track, with regulatory approvals advancing and closing expected in early 2027.”
Outlook
Based on current market visibility, including current geopolitical developments, and at prevailing trading conditions, the company expects to deliver around €100 million of adjusted EBITDA improvement in constant currencies. As a result, adjusted EBITDA for the full-year 2026 is expected to be around €1.47 billion, based on year-end 2025 exchange rates and adjusted for divestments of our liquid coatings businesses in Asia.
For the mid-term, AkzoNobel aims to expand profitability to deliver an adjusted EBITDA margin of above 16% and an adjusted return on average invested capital between 16% and 19%, underpinned by organic growth and industrial excellence.
The company expects leverage to be around 2 times net debt/adjusted EBITDA by the end of 2026. In the mid-term, AkzoNobel aims to maintain leverage around 2 times, while remaining committed to an investment grade credit rating.
Closing of the Axalta merger, which is subject to regulatory approvals, is expected early 2027.
Organic growth metrics are Alternative Performance Measures (APMs) and exclude the impact of changes in consolidation (including the divestment of our liquid coating businesses in India in 2025 and the deconsolidation of the Russian entities in 2026), the impact of changes in foreign exchange rates and the impact of hyperinflation accounting.
Outlook represents current company expectations based on organic volumes adjusted for the divestment of our liquid coatings businesses, is subject to ongoing market uncertainties and at exchange rates as of the end of 2025. Outlook is on a standalone basis and excludes any effects from the proposed merger with Axalta.
About AkzoNobel
Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing more sustainable solutions and preserving the best of what we have while creating an even better tomorrow. Let’s paint the future together.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
