AkzoNobel has delivered another quarter of improved profitability, hitting its Q2 2026 targets as pricing discipline and cost controls helped drive a fifth consecutive quarter of margin growth.

 

The company reported Q2 operating income of €251 million, up from €214 million a year earlier, while adjusted EBITDA increased to €398 million from €393 million. The adjusted EBITDA margin improved to 15.4%, compared with 15.0% in Q2 2025.

 

Organic sales growth rose 2% year on year, supported by pricing and stable volumes, although reported revenue declined 1% to €2.589 billion due to currency impacts.

 

AkzoNobel CEO Greg Poux-Guillaume said the results showed the company’s strategy was continuing to deliver despite challenging market conditions.

 

"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.”

 

The company also highlighted progress on its sustainability goals, announcing that it had achieved a 50% reduction in operational carbon emissions — four years ahead of its 2030 target.

 

"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," the CEO said.

 

For the first half of 2026, AkzoNobel reported flat organic sales growth, with revenue down 5% due to adverse currency movements. Operating income rose to €428 million from €406 million, while organic adjusted EBITDA increased by €39 million, driven by pricing actions.

 

Net cash from operating activities remained positive at €170 million in Q2, although below the €234 million recorded in the same period last year.

 

AkzoNobel maintained that it remains on track to achieve its full-year targets as it continues to focus on pricing, efficiency improvements and long-term growth.