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Organic sales grew 2% on pricing, with revenue remaining flat and Adjusted EBITDA margin increasing to 15.3%.
October 21, 2026
By: Rachel Klemovitch
Akzo Nobel N.V. released its financial results for Q3 of 2026.
AkzoNobel CEO Greg Poux-Guillaume commented: “AkzoNobel delivered another strong quarter, with organic sales and adjusted EBITDA both increasing. Our sixth consecutive quarter of margin expansion confirms our ability to realize pricing in challenging markets and to deliver on our ambitious cost savings plan.”
Highlights Q3 2026 (Compared to Q3 2025)
Poux-Guillaume added: “We also announced the divestment of our Decorative Paints business in Southeast Asia, which successfully concludes the strategic review of our Paints portfolio in Asia. At an enterprise value of 21x FY25 EBITDA – more than twice our current trading multiple – it unlocks significant value, as did the previous sale of our liquid coatings businesses in India for 25x EBITDA. Meanwhile, our merger with Axalta is firmly on track, with regulatory approvals advancing and closing expected in early 2027.”
Looking ahead, based on current market visibility, AkzoNobel expects to deliver around €100 million adjusted EBITDA improvement in constant currencies. As a result, adjusted EBITDA for the full-year 2026 is expected to be around €1.47 billion, based on year-end 2025 exchange rates and adjusted for divestments of our liquid coatings businesses in Asia.
For the mid-term, AkzoNobel aims to expand profitability to deliver an adjusted EBITDA margin of above 16% and an adjusted return on average invested capital between 16% and 19%, underpinned by organic growth and industrial excellence.
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