Akzo Nobel NV
F:AKUP

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Akzo Nobel NV Logo
Akzo Nobel NV
F:AKUP
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Price: 16 EUR 0.63%
Market Cap: €8.2B

Akzo Nobel NV
Investor Relations

Akzo Nobel makes paints and coatings. Its products include decorative paints for homes and buildings, plus industrial coatings that protect things like metal structures, ships, cars, and factories from wear and corrosion. It sells well-known paint brands to consumers and professional painters, and it supplies tailored coating systems to industrial customers. The company makes money by selling finished coatings through retail stores, distributors, and direct sales to businesses. A lot of its business depends on brands, product quality, color matching, and technical support, because many customers need coatings that are not just colorful but also durable, weather-resistant, or chemically tough. What makes Akzo Nobel different is that it sits at the specialized end of the materials chain. It is not just a commodity chemical producer; it develops formulas and surface-protection systems that help buildings look good and help industrial assets last longer. That gives it a mix of consumer exposure, steady maintenance demand, and long-term relationships with professional and industrial buyers.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 22, 2026
AI Summary
Q1 2026

Beat: Akzo Nobel reported Q1 EBITDA of EUR 345 million, 7% ahead of consensus, with adjusted EBITDA margin improving to 14.5%.

Volumes: Organic sales fell 1% as 1% pricing was offset by weaker mix and volumes, but management said it is not seeing meaningful prebuying or a broader demand slowdown yet.

Pricing: The company has announced price increases in the mid-single digits to low teens to offset expected high-teens raw material inflation from Middle East-related disruption.

Outlook: Full-year 2026 adjusted EBITDA guidance of at or above EUR 1.7 billion was unchanged, and Q2 adjusted EBITDA is expected to be around EUR 400 million.

Portfolio: Akzo continued its Deco Asia review, signing the sale of Pakistan and saying more assets could be considered; management stressed this is about leadership positions, not the balance sheet.

Merger: Preparations for the Axalta merger are said to be on schedule, with PCAOB audit complete, F-4 filed, and closing still targeted for late 2026 or early 2027.

Key Financials
EBITDA
EUR 345 million
Organic sales
down 1%
Price
up 1%
Mix
down 1%
Volumes
down 1%
Adjusted EBITDA margin
14.5%
Free cash flow
minus EUR 144 million
Working capital
16.8%
Return on investments
13.6%
Leverage ratio
around 2x
2026 adjusted EBITDA target
at or above EUR 1.7 billion
Q2 adjusted EBITDA
around EUR 400 million
Raw material inflation
high-teens
Price increases
mid-single digits to low teens
Pakistan sale enterprise value
about EUR 50 million
Pakistan sale valuation
14x EBITDA
Site closures
3 in Q1; 15 total
Deco profitability
17.3%
India market share
5%
India sale valuation
24x EBITDA
Deco Asia business size
about EUR 300 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Grégoire Poux-Guillaume
CEO & Chairman of the Management Board
No Bio Available
Mr. Maarten Jan de Vries
CFO & Member of Management Board
No Bio Available
Roger Jakeman
Chief Technology Officer
No Bio Available
Mr. Kyung Seok Chae
Head Of Investor Relations
No Bio Available
Ms. Charlotte van Meer
General Counsel
No Bio Available
Mr. Leslie McGibbon
Global Head of Communications & Public Affairs and Corporate Director
No Bio Available
Mr. Armand Sohet
Chief Human Resources Officer
No Bio Available
Mr. Renier Vree
Chief Financial Officer of Specialty Chemicals Business
No Bio Available
Mr. Charles W. Shaver
CEO of Specialty Chemicals
No Bio Available
Ms. Karen-Marie Katholm
Chief Integrated Supply Chain Officer
No Bio Available

Contacts

Address
NOORD-HOLLAND
Amsterdam
Christian Neefestraat 2, PO Box 75730
Contacts
+31205027555.0
www.akzonobel.com
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