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AkzoNobel, a global player in paints and coatings, presents its results for the first quarter of 2026, with contrasting trends in sales and profitability.
Sales down year-on-year
Sales came to 2.39 billion euros in the first quarter of 2026, compared with 2.61 billion euros for the same period in 2025, down 9%. Organic sales fell by 1%. This includes a negative currency effect of 5%, as well as the impact of the disposal of activities in India, estimated at 3%.
Operating income totaled 177 million euros, versus 192 million euros a year earlier. On a like-for-like basis, this represents an increase of 9%.
Adjusted EBITDA totaled ?345 million, compared with ?357 million in Q1 2025. On a like-for-like basis, it increased by 7%.
Adjusted EBITDA margin reached 14.5%, compared with 13.7% for the same period last year.
Operations underway within the Group's scope of consolidation
AkzoNobel has finalized the sale of its activities in India for 1.4 billion euros. The Group has also signed an agreement for the sale of its activities in Pakistan, with completion expected in the second half of 2026.
A merger in the making
The planned merger with Axalta is on schedule. The shareholder vote is scheduled for mid-2026, with completion envisaged between late 2026 and early 2027.
