Q2 2026 Akzo Nobel NV Earnings Call Transcript
Key Points
- Organic sales increased by 2% year-on-year, with a 3% rise in pricing and stable volumes.
- Adjusted gross margin improved to 42.7%, up 70 basis points, marking the fifth consecutive quarter of margin expansion.
- The company achieved a 50% reduction target for Scope 1 and 2 carbon emissions four years ahead of schedule.
- Free cash flow was EUR108 million, driven by higher EBITDA and improved working capital efficiency.
- Merger preparations with Exalta are progressing as planned, with substantial cost synergies identified.
- Total revenue was down 1% due to a 3% revenue reduction from the divestment of liquid businesses in India.
- Deco volumes were down 4%, primarily driven by a slower DIY season in Western Europe.
- Marine and Protective segments faced challenges due to project delays in the Middle East and ships stuck at sea.
- FX translation continued to be a slight negative impact on financial results.
- The company is facing uncertainty in raw material and logistics inflation, which remains volatile.
Good morning, and welcome to Oxenobel's Investor Update for the second quarter of 2026. I'm Jan Belemenhus, Head of Investor Relations. Today, our CEO, Greg Boubion and CFO, Marte de Vries, will take you through our results. We'll refer to the presentation, which you can follow by webcast or download from our website, oxenobel.com. A replay of the webcast will also be made available following the event.
There will be a Q&A session after the presentation. For additional information, please contact our Investor Relations team.
Before we start, a reminder of our forward-looking statements displayed on Slide 2. Please note, this also applies to the conference call and answers to your questions. I will now hand over to Greg, who will start on Slide 3 of the presentation.
Thanks, Jan-Vilam. Good morning to everyone on the call. In Q2, we delivered a quarter of growth
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