Communiqué de presse

AkzoNobel affiche une croissance organique de ses ventes, un sixième trimestre consécutif de progression des marges, et franchit un nouveau cap dans la valorisation de son portefeuille

Le 21 octobre 2026

Akzo Nobel N.V. (AKZA; AKZOY) a publié ses résultats du 3ème trimestre 2026

Faits marquants du 3ème trimestre 2026 (par rapport au 3ème trimestre 2025)

  • Croissance organique des ventes de +2 % tirée par les prix ; chiffre d'affaires stable
  • Résultat d’exploitation impacté par la déconsolidation de la Russie et la cession des activités au Pakistan
  • Croissance organique de l'EBITDA ajusté¹ de 15 millions d'euros
  • Progression de la marge d'EBITDA ajusté à 15,3 % (2025 : 15,1 %)
  • Flux de trésorerie nets liés aux activités opérationnelles positifs à 187 millions d'euros (2025 : 331 millions d'euros)
  • Signature d'accords fermes pour la cession de Deco Paints Asie du Sud-Est pour 1,35 milliard de dollars, soit 21x l'EBITDA de l'exercice 2025

 

Greg Poux-Guillaume, CEO d’AkzoNobel, a déclaré :

« AkzoNobel a réalisé un nouveau trimestre solide, avec des ventes organiques et un EBITDA ajusté en hausse. La progression de nos marges pour le sixième trimestre consécutif atteste de notre capacité à maintenir notre politique de prix dans des conditions de marchés difficiles et à réaliser notre plan ambitieux de réduction des coûts. »

« Nous avons également annoncé la cession de notre activité Peintures Décoratives en Asie du Sud-Est, qui conclut avec succès la revue stratégique de notre portefeuille des peintures en Asie. Avec une valeur d'entreprise de 21x l'EBITDA 2025 — soit une valorisation plus de deux fois supérieure à celle qu'accorde actuellement le marché boursier à AkzoNobel — cette opération libère une valeur significative, tout comme la précédente cession de nos activités de revêtements liquides en Inde pour 25x l'EBITDA. Dans le même temps, notre projet de fusion avec Axalta se déroule comme prévu, les approbations réglementaires progressent et la finalisation est attendue début 2027. »

T3 2025

2,547

T3 2026

2,538

Δ Reporté

-%

Δ Comparable¹

+2%

T3 2025

(29)

T3 2026

(73)

Δ Reporté
Δ Comparable¹
T3 2025

385

T3 2026

388

Δ Reporté

+1%

Δ Comparable¹

+4%

T3 2025

15,1

T3 2026

15,3

Δ Reporté

+1%

Δ Comparable¹

+2%

Perspectives2

Sur la base de la visibilité actuelle du marché, y compris les évolutions géopolitiques en cours, et dans les conditions de marché actuelles, l’entreprise prévoit de réaliser une amélioration d'environ 100 millions d'euros de l'EBITDA ajusté en devises constantes. En conséquence, l'EBITDA ajusté pour l'exercice 2026 devrait s'établir à environ 1,47 milliard d'euros, sur la base des taux de change de fin 2025 et ajusté des cessions de nos activités de revêtements liquides en Asie.

À moyen terme, AkzoNobel vise à améliorer sa rentabilité pour atteindre une marge d'EBITDA ajusté supérieure à 16 % et un retour sur capital investi moyen ajusté compris entre 16 % et 19 %, soutenu par de la croissance organique et de l'excellence industrielle.

L’entreprise prévoit un levier d'environ 2 fois la dette nette/EBITDA ajusté d'ici fin 2026. À moyen terme, AkzoNobel vise à maintenir un levier d'environ 2 fois, tout en restant engagée à conserver une cote de crédit d’investissement de qualité.

La finalisation de la fusion avec Axalta, soumise aux approbations réglementaires, est attendue début 2027.

1 Les indicateurs de croissance organique sont des Indicateurs de Performance Alternatifs (IPA) et excluent l'impact des variations de périmètre de consolidation (notamment la cession de nos activités de revêtements liquides en Inde en 2025 et la déconsolidation des entités russes en 2026), l'impact des variations des taux de change ainsi que l'impact des retraitements comptables liés à l'hyperinflation.

2 Les perspectives reflètent les anticipations actuelles de l’entreprise, sur la base des volumes organiques ajustés de la cession de nos activités de revêtements liquides, et sont soumises aux incertitudes persistantes du marché, aux taux de change en vigueur à fin 2025. Ces perspectives sont établies sur une base autonome et excluent tout effet lié à la fusion envisagée avec Axalta.

A propos de ce communiqué de presse

Ce communiqué de presse couvre les faits marquants du trimestre. Nous vous recommandons de lire le communiqué de presse en version anglaise qui prévaut ainsi que le rapport trimestriel complet d’AkzoNobel. Le rapport trimestriel fournit des informations supplémentaires, y compris les états financiers consolidés condensés IAS34. Les comptes consolidés condensés intermédiaires ont été discutés et approuvés par le Conseil d’Administration et le Conseil de Surveillance. La publication de ces états financiers condensés a été autorisée. Tous les chiffres du communiqué de presse et du rapport AkzoNobel trimestriel ne sont pas audités.

Les énoncés prospectifs sont fondés sur des volumes organiques et des taux de change constants, et supposent qu’il n’y aura pas de perturbations importantes sur les marchés. Veuillez lire la déclaration relative à la sphère de sécurité dans le rapport trimestriel complet.

Le rapport de ce trimestre est accessible et téléchargeable sur https://akzo.no/Q3-2026

La croissance des ventes organiques, l’EBITDA ajusté, la marge d’EBITDA ajusté (%) et le ratio d’endettement sont des mesures de performance alternatives (APMs). AkzoNobel utilise les ajustements APM aux mesures IFRS pour fournir des informations supplémentaires sur le rapport des développements sous-jacents de l’entreprise. Un rapprochement des mesures de performance alternatives avec les mesures IFRS les plus directement comparables se trouve dans le rapport AkzoNobel trimestriel.

Ceci est une annonce publique d’Akzo Nobel N.V. conformément à l'article 17, paragraphe 1 de la European Market Abuse Regulation (596/2014).

A propos d’AkzoNobel

Depuis 1792, nous fournissons des peintures et revêtements innovants qui ont vocation à mettre de la couleur dans la vie des gens et à protéger ce qui compte le plus pour eux.  Notre portefeuille de marques internationales, notamment Dulux, International, Sikkens et Interpon, a la confiance de nos clients à travers le monde. Nous opérons dans plus de 150 pays et nous utilisons notre expertise pour assurer et améliorer notre quotidien. Parce que nous considérons que chaque surface offre une opportunité. C’est ce qui est attendu d’une entreprise de peinture pionnière établie depuis longtemps, qui se consacre à proposer des solutions plus durables et à préserver ce que nous avons de plus précieux tout en créant un avenir encore meilleur. “Let’s paint the future together”.

Déclarations prospectives / Safe Harbor Statement 

Le texte de ce communiqué est issu d’une traduction du communiqué publié dans sa langue d’origine et ne doit en aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être rapprochée du texte source, qui fera jurisprudence. 

Ce communiqué de presse contient des déclarations portant sur des questions clés comme la stratégie de croissance d’AkzoNobel, ses résultats financiers futurs, ses positions du marché, le développement de nouveaux produits, les produits en cours de développement et les approbations de produits. Ces déclarations doivent être examinées attentivement, car de nombreux facteurs pourraient impacter les résultats prévus et réels. Ces facteurs comprennent, sans s’y limiter, les fluctuations des prix, les fluctuations monétaires, les évolutions des prix des matières premières et du coût du personnel, les pensions, les risques physiques et environnementaux, les questions juridiques, ainsi que les mesures législatives, fiscales et autres réglementations ainsi que toutes perturbations significatives des marchés. Les positions concurrentielles mentionnées reposent sur des estimations de la direction, étayées par des informations fournies par des agences externes spécialisées. Pour une analyse plus complète des facteurs de risque affectant notre activité, veuillez consulter notre dernier rapport annuel.

 

Important Information Regarding the Proposed Axalta Transaction

General Restrictions

This communication is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication, or distribution would be unlawful.

This communication is not a prospectus and the information in this communication is not intended to be complete. This communication is for informational purposes only and is not intended to be and shall not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or an invitation or recommendation to subscribe for, acquire or buy securities of AkzoNobel or Axalta or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any decision to purchase, subscribe for, otherwise acquire, sell or otherwise dispose of any securities must be made only on the basis of the information contained in and incorporated by reference into the prospectus with respect to the shares to be allotted by AkzoNobel in the proposed transaction, which was published on June 24, 2026. The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, AkzoNobel and Axalta disclaim any responsibility or liability for the violation of any such restrictions by any person. Neither AkzoNobel, nor Axalta, nor any of their advisors assume any responsibility for any violation by any person of any of these restrictions. Shareholders of AkzoNobel and Axalta, respectively, with any doubt as to their position should consult an appropriate professional advisor without delay.

This communication is addressed to and directed only at (i) persons who are outside the United Kingdom, (ii) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (iii) persons falling within Article 49(2)(a) to (d) of the Order, or (iv) persons to whom it may otherwise lawfully be communicated pursuant to the Order (all such persons together being referred to as, “Relevant Persons”). This communication is directed only at Relevant Persons and persons who are not Relevant Persons should not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Solicitations resulting from this communication will only be responded to if the person concerned is a Relevant Person.

Additional Information and Where to Find It

In connection with the proposed transaction between AkzoNobel and Axalta, AkzoNobel filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 on May 27, 2026, as amended on June 18, 2026, which included a proxy statement of Axalta that also constitutes a prospectus with respect to the shares to be offered by AkzoNobel in the proposed transaction. The registration statement was declared effective by the SEC on June 23, 2026. In connection with the proposed transaction, on June 24, 2026, Axalta filed with the SEC a definitive proxy statement and, on or about June 24, 2026, Axalta commenced mailing the definitive proxy statement to its holders of record as of June 11, 2026. On August 5, 2026, shareholders at the Extraordinary General Meeting of AkzoNobel and Special General Meeting of Axalta, respectively, voted in favor of all resolutions related to the proposed transaction. Each of AkzoNobel and Axalta will also file other relevant documents in connection with the proposed transaction. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents AkzoNobel and/or Axalta may file with the SEC or any other competent regulator in connection with the proposed transaction. This communication does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BEFORE MAKING ANY INVESTMENT DECISIONS, INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF AKZONOBEL AND AXALTA ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, AS APPLICABLE, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT AKZONOBEL, AXALTA, THE PROPOSED TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other relevant documents filed by AkzoNobel and Axalta with the SEC are available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC from Axalta’s investor relations webpage at https://ir.axalta.com/sec-filings/all-sec-filings or from AkzoNobel’s investor relations webpage at https://www.akzonobel.com/en/investors/all-sec-filings. The contents of this communication should not be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.

 

Cautionary Statement Concerning Forward-Looking Statements

This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, regarding, among other things, statements about management’s expectations of AkzoNobel’s and Axalta’s future operating and financial performance, product development, market position, and business strategy. Such forward-looking statements can sometimes be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “potential,” “seeks,” “aims,” “projects,” “predicts,” “is optimistic,” “intends,” “plans,” “estimates,” “targets,” “anticipates,” “continues” or other comparable terms or negatives of these terms, but not all forward-looking statements include such identifying words. You are cautioned not to rely on these forward-looking statements. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. We can give no assurance that such plans, estimates or expectations will be achieved and therefore, actual results may differ materially from any plans, estimates or expectations in such forward-looking statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include: a condition to the closing of the proposed transaction may not be satisfied; the occurrence of any event that can give rise to termination of the proposed transaction; a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; AkzoNobel and Axalta are unable to achieve the synergies and value creation contemplated by the proposed transaction; AkzoNobel and Axalta are unable to promptly and effectively integrate their businesses; management’s time and attention is diverted on transaction related issues; the possibility that competing offers or acquisition proposals may be made; disruption from the proposed transaction makes it more difficult to maintain business, contractual and operational relationships; the credit ratings of AkzoNobel or Axalta decline following the proposed transaction; legal proceedings are instituted against AkzoNobel or Axalta, including resulting expense or delay; AkzoNobel or Axalta is unable to retain or hire key personnel; the communication or the consummation of the proposed acquisition has a negative effect on the market price of the capital stock of AkzoNobel or Axalta or on AkzoNobel’s or Axalta’s operating results; evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions, in the Netherlands, the United States and elsewhere, and other factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics (e.g., the coronavirus (COVID-19) pandemic), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current or subsequent United States or Netherlands administration; the ability of AkzoNobel or Axalta to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions; the impact of public health crises, such as pandemics and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down or similar actions and policies; actions by third parties, including government agencies; the risk that disruptions from the proposed transaction will harm AkzoNobel’s or Axalta’s business, including current plans and operations and/or divert management’s attention from AkzoNobel’s or Axalta’s ongoing business operations; certain restrictions during the pendency of the acquisition that may impact AkzoNobel’s or Axalta’s ability to pursue certain business opportunities or strategic transactions; AkzoNobel’s or Axalta’s ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; the risks and uncertainties discussed in AkzoNobel’s latest annual report as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center; and the risks and uncertainties discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in Axalta’s reports filed with the SEC. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. We caution you not to place undue reliance on any of these forward-looking statements as they are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Except as required by law, neither AkzoNobel nor Axalta assumes any obligation to update or revise the information contained herein, which speaks only as of the date hereof.

 

Non-GAAP and Non-IFRS Financial Measures

This communication contains certain non-GAAP financial measures and/or non-IFRS financial measures that AkzoNobel and Axalta believe are helpful in understanding the anticipated strategic and financial benefits of the proposed transaction. AkzoNobel's and Axalta's management regularly use a variety of financial measures that are not in accordance with GAAP or IFRS for forecasting, budgeting and measuring financial performance. The non-GAAP financial measures and/or non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP or IFRS measures. While AkzoNobel and Axalta believe that these non-GAAP financial measures and/or non-IFRS financial measures provide meaningful information to help shareholders understand the anticipated strategic and financial benefits of the proposed transaction, there are limitations associated with the use of these non-GAAP financial measures and/or non-IFRS financial measures. These non-GAAP financial measures and/or non-IFRS financial measures are not prepared in accordance with GAAP or IFRS, are not reported by all of AkzoNobel’s or Axalta’s competitors and may not be directly comparable to similarly titled measures of AkzoNobel’s or Axalta’s competitors due to potential differences in the exact method of calculation.

Pour plus d'informations

Annie Maurice, Chargée de communication AkzoNobel France

Port. 06 22 13 02 03

Annie.maurice@akzonobel.com 

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