Report 2023

Welcome to our 2023 annual report, which provides extensive coverage of the company’s financial results and key business developments during the year. An in-depth analysis of our sustainability performance is also included.

Message from the CEO

“2023 was a year in which AkzoNobel delivered a clear rebound in performance. Our volumes stabilized – despite continuing volatility in some of our markets – our profits rebounded on resilient pricing and the first effects of raw material deflation, while our efforts to transform our company gathered pace. This allowed us to absorb persistent global inflation and unfavorable currency effects to beat the targets we’d set ourselves at the beginning of the year.”

Annual report key figures 2023

* Alternative Performance Measures (APMs). AkzoNobel uses APM adjustments to the IFRS measures to provide supplementary information on the reporting of the underlying developments of the business. APMs include, but are not limited to, adjusted operating income, (adjusted) EBITDA, adjusted earnings per share, ROS and ROI. A reconciliation of the Alternative Performance Measures to the most directly comparable IFRS measures can be found in Note 3 of the Consolidated financial statements in our Report 2023.


Annual report cover 2023 on laptop

Download our Report 2023


annual report archive akzonobel

Annual report archive


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Sustainability reporting

We have a long history of transparent reporting with regard to our environmental, social and governance (ESG) performance, which is included every year in our annual report. Accurate and robust data on our sustainability performance helps us make decisions, monitor performance and report progress to our stakeholders. The Sustainability section in our Report 2023 has been expanded in advance of the implementation of the Corporate Sustainability Reporting Directive (CSRD).

Annual report cover on tablet and laptop

Want to learn more about our annual report?

Please feel free to contact the team at:

The annual report presented on this website, including the PDF version, is derived from the official version of the company’s Report 2023. The European Single Electronic Filing format (the ESEF reporting package) is the official version. The ESEF reporting package is available above. In case of any discrepancies between the website, the PDF version and the ESEF reporting package, the latter prevails. The auditor’s report and assurance report of the independent auditor included in the PDF version on this website relate only to the ESEF reporting package.

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