AkzoNobel has posted revenue of € 2,784 million in Q2 2024 as compared to € 2,741 million in Q2 2023, reflecting a growth of 2 per cent. In Q2 2024, Operating income and adjusted EBITDA stood at € 270 million and € 400 million respectively as compared to € 279 million and € 300 million in Q2 2023.

Commenting on the result, Greg Poux-Guillaume, CEO, AkzoNobel, said: “For the third consecutive quarter, we demonstrated our ability to deliver growth in mixed markets, while expanding gross margin* by 160 basis points. Although our operational costs are up, efforts to mitigate this inflationary cost pressure are accelerating and measures are already underway, above and beyond our industrial efficiency program. This will allow us to deliver on our 2024 ambitions, towards the lower end of our guidance and in line with current consensus.”     

Based on current market conditions and constant currencies, AkzoNobel expects to deliver 2024 adjusted EBITDA towards the lower end of its full-year guidance range of €1.5 to €1.65 billion.