What were the key drivers behind AkzoNobel's 12% year-on-year net income growth in Q2, and how did revenue and margins perform?

AkzoNobel's Q2 net income rose 12% year-on-year primarily due to margin expansion and pricing gains, despite a 1% year-on-year revenue decline to €2.59 billion — driven by the 3% revenue impact from divesting its liquid coatings businesses in India, which was only partially offset by 2% organic sales growth. That organic growth stemmed entirely from a 3% price increase, as volumes remained stable overall. Operating income jumped 17% to €251 million, aided by positive pricing and lower restructuring-related costs; adjusted EBITDA rose 1% to €398 million, and the adjusted EBITDA margin improved to 15.4% from 15.0% a year earlier.

How did AkzoNobel's two main business segments — Performance Coatings and Decorative Paints — perform in Q2, and what were the regional trends?

In Q2, Performance Coatings revenue was broadly stable at €1.54 billion, with 2% organic sales growth fueled by higher volumes — especially in Powder Coatings, Automotive and Specialty Coatings, and Industrial Coatings. In contrast, Decorative Paints revenue fell 3% year-on-year to €1.05 billion, as volume declines in Europe, the Middle East and Africa (EMEA) and China outweighed growth in Latin America, southeast Asia, and south Asia; however, its adjusted EBITDA margin still improved to 18.3% from 17.8%.

Dutch AkzoNobel Q2 Net Income Rises 12% on Margin Expansion, Pricing Gains

Jul 22, 2026

AkzoNobel reported a 12% Q2 net income increase driven by pricing gains and margin expansion, despite revenue declining 1% after divesting Indian liquid coatings. Progress continues on its planned merger with Axalta, closing late 2026 or early 2027.

icis

2026-07-22

Dutch AkzoNobel Q2 Net Income Rises 12% on Margin Expansion, Pricing Gains

Dutch AkzoNobel Q2 Net Income Rises 12% on Margin Expansion, Pricing Gains

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