Increased vehicle refinish volumes contributed to positive performance within AkzoNobel’s automotive coatings business during the second quarter of 2026.
The Amsterdam-based paints and coatings manufacturer reported €342 million in revenue for its Automotive and Specialty Coatings segment, representing a 2% increase compared to the same period in the prior year. Organic sales within the segment grew by 6%, sustained by volume gains in both the aerospace and vehicle refinish lines, which countered a volume contraction in the original equipment manufacturer (OEM) automotive sector.
The segment operates under AkzoNobel’s broader Performance Coatings division, a portfolio that also encompasses powder, industrial, marine, and protective coatings. Divisional revenue for Performance Coatings remained stable at €1.54 billion, with organic sales posting a 2% increase. Operating income for the division rose 7% to €161 million, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew to €219 million from €213 million in the previous year. This progression elevated the division’s adjusted EBITDA margin to 14.2%, up from 13.8%.
At the enterprise level, AkzoNobel’s total second-quarter revenue declined by 1% to €2.59 billion. Total organic sales grew by 2%, primarily driven by pricing adjustments. Enterprise operating income increased 17% to €251 million. Total adjusted EBITDA rose to €398 million from €393 million, resulting in an adjusted EBITDA margin expansion to 15.4% from 15.0%.
“AkzoNobel had another strong quarter, with organic sales, operating income and adjusted EBITDA all increasing,” said CEO Greg Poux-Guillaume. “Robust pricing and a relentless focus on cost efficiency continue to support our performance.”
Corporate management reiterated its full-year outlook, maintaining an adjusted EBITDA forecast of at least €1.47 billion. The provided guidance excludes any projected financial impacts from the proposed merger with Axalta Coating Systems. AkzoNobel shareholders are scheduled to vote on the transaction on August 5, 2026, with the final closing anticipated in late 2026 or early 2027, subject to customary shareholder and regulatory clearances.
“Our merger with Axalta is progressing as planned, with the shareholder vote on August 5 and an expected closing at the end of 2026 or early 2027,” Poux-Guillaume stated.
