Akzo Nobel price hikes drive second-quarter core profit beat
Akzo Nobel price hikes drive second-quarter core profit beat
Wed, July 22, 2026 at 5:25 AM UTC
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July 22 (Reuters) - Dulux paint maker Akzo Nobel reported 5% organic growth in second-quarter core profit on Wednesday, beating market expectations as previously announced price increases helped offset weak end markets.
Adjusted EBITDA rose to 398 million euros from 393 million euros a year earlier, above analyst expectations of 392 million euros.
The group said in April that previously announced price increases would offset higher costs linked to the Middle East conflict.
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"This demonstrates that our plan is delivering value regardless of market conditions," CEO Greg Poux-Guillaume said in a press release.
AkzoNobel sells branded products ranging from decorative paints to speciality coatings used on cargo ships and Formula 1 cars. This allows it to pass on price increases to customers more successfully than its commodity chemical counterparts.
($1 = 0.8766 euros)
(Reporting by Dimitri Rhodes in Gdansk; Editing by Matt Scuffham)
Source: “AOL Money”
