Higher vehicle refinish volumes helped lift AkzoNobel’s automotive coatings business in the second quarter of 2026.
The Amsterdam-based paints and coatings manufacturer recorded €342 million in Automotive and Specialty Coatings revenue, up 2% from a year earlier.
Organic sales in the segment increased 6%, supported by higher aerospace and vehicle refinish volumes. Automotive volumes declined.
The segment is part of AkzoNobel’s Performance Coatings division, which also includes powder, industrial, marine and protective coatings.
Performance Coatings revenue held at €1.54 billion. Organic sales increased 2%.
Operating income for the division rose 7% to €161 million. Adjusted earnings before interest, taxes, depreciation and amortization increased to €219 million from €213 million.
The adjusted EBITDA margin increased to 14.2% from 13.8%.
Across the business, second-quarter revenue fell 1% to €2.59 billion. Organic sales increased 2%, largely because of higher prices.
Operating income rose 17% to €251 million. Adjusted EBITDA increased to €398 million from €393 million, while the adjusted EBITDA margin rose to 15.4% from 15.0%.
“AkzoNobel had another strong quarter, with organic sales, operating income and adjusted EBITDA all increasing,” CEO Greg Poux-Guillaume said.
“Robust pricing and a relentless focus on cost efficiency continue to support our performance.”
Management maintained its forecast of at least €1.47 billion in adjusted EBITDA for the full year. The forecast excludes any effects from the proposed merger with Axalta.
AkzoNobel shareholders are scheduled to vote on the merger on August 5. Closing is expected in late 2026 or early 2027, subject to shareholder and regulatory approval.
“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 said.
