AkzoNobel achieved a turnover of 2.63 billion euros in the second quarter of this year, a fraction lower than 2.92 billion euros that analysts had expected. It is a decrease of 6% compared to the 2.78 billion euros in the second quarter of 2024. For the first six months of 2025, AkzoNobel achieved a turnover of 1.28 billion euros, almost the same as the 1.3 billion euros in the first half of last year.
Paint producer AkzoNobel benefits from restructuring, but in China the brush remains in the closet
The adjusted operating result (EBITDA) fell from 400 million euros in the second quarter from 2024 to 393 million euros in the last three -month period. The Martkvorsers had counted on 403 million euros, according to the analyst consensus that the group had put on its own site.
Profitability
Although the results are left behind with expectations, profitability has increased considerably. The operational margin came to 15 percent in the second quarter compared to 14.4 percent a year ago.
“In the second quarter of 2025 our profitability increased, driven by price discipline and the structural benefits of our cost savings on overhead and industrial efficiency programs,” explains Greg Poux-Guillaume, CEO of AkzoNobel. “This was achieved against the background of significant headwind of currency, as a result of the strong euro and generally moderate markets, which emphasizes the power of our business.”
Incidentally, Poux-Guillaume emphasizes that the weak dollar has no impact on business operations and sales. The impact is purely administrative, because AkzoNobel reports in euros. “Because we produce locally-for-room, the impact is also small.”
Factory
AkzoNobel is working on a hefty restructuring, where the group wants to streamline the organization. In concrete terms, this comes down to the closure of mostly small production locations. For example, it was announced in May that the Consumer Paint Factory in Wapenveld where 143 people work will be closed and production will be moved abroad.
Of the 2200 full -time jobs that are deleted worldwide, two thousand have now been realized. The restructuring yields additional cost savings until 2027, says CFO Maarten de Vries.
Paint maker AkzoNobel closes factories in the Netherlands and Belgium; 276 jobs deleted
With consumer paint, AkzoNobel has been suffering from a stagnating market since the end of the Corona Pandemie. That is also a correction to enormous growth during Corona when consumers all over the world seemed to take control of the brush.
Purchasing power and uncertainty
“In general, consumers paint once every few years, so that effect of Covid should now slowly fade away,” said the CetBever and Flexa, among others. “But you have to take into account that consumers are also confronted with high inflation after Corona, which influences purchasing power. And we are always dependent on consumer confidence. So those facets also pay the sales volumes at the Decorate paint division.”
Higher paint prices and volume growth weirs Turnover Flexa-Mother AkzoNobel
At Performance Coating for the business market, only the maritime sector is actually doing well, because many ships are currently being built. POUX-Guillaume: “In our business market, the question is to what extent economic uncertainties, trading rates and geopolitical developments influence the investments of our customers.”
AkzoNobel temperes the expectations surrounding the adapted operating result due to the weak dollars. In the medium term, that is an EBITDA margin of above 16 percent and a return on investments between 16 and 19 percent. It is now at 13.2 percent. Before 2025, the paint maker assumes an adapted EBITDA of 1.48 billion euros. That was 1.55 billion euros three months ago.