AkzoNobel, parent to coatings companies International Paint, Awlgrip, Sea Hawk and Sikkens, yesterday announced financial results for the third quarter.
Overall revenue for the quarter was down 5% from the year-ago period to €2.55 billion ($2.96 billion). There was a €29 million ($33.7 million) loss in operating income due to a €275 million ($319.3 million) charge related to recording a provision for a long-running Australian court case. Adjusted operating income was down 2% from the year-ago period to €297 million ($344.8 million).
The marine and protective coatings segment reported a 2% decline in revenue to €381 million ($442.3 million) year-over-year.
A company statement provided the following guidance for 2026:
“Subject to ongoing market uncertainties and adjusted for exchange rates as of the end of the third quarter, the company expects to deliver adjusted EBITDA around €1.48 billion [$1.72 billion] for full-year 2025. For the midterm, AkzoNobel aims to expand profitability to deliver an adjusted EBITDA margin of above 16% and a return on investment between 16% and 19%, underpinned by organic growth and industrial excellence.”
