Coatings manufacturer AkzoNobel, parent to Interlux, Awlgrip and Sikkens, today announced its second-quarter financial results.
The company reported revenues of €2.63 billion ($3.04 billion), a 6% decline year-over-year, and operating income of €214 million ($250.2 million), a 21% decrease from the year-ago quarter.
The marine and protective coatings segment posted revenues of €413 million ($482.8 million), a €1 million ($1.2 million) increase from the year-ago quarter.
According to a statement, revenues were driven by positive pricing in all businesses, offset by lower volumes. Strong volume growth in marine and protective coatings, along with growth in most businesses in Asia, was more than offset by the continued impact from macroeconomic uncertainties, particularly in North America.
AkzoNobel provided the following guidance for the remainder of the year: “Subject to ongoing market uncertainties and adjusted for exchange rates as of the end of [the first half], the company expects to deliver adjusted EBITDA above €1.48 billion ($1.73 billion) for full-year 2025.”
