Akzo Nobel N.V. (AKZOF) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Akzo Nobel N.v..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:01.364 -- 00:00:05.388 Good morning and welcome to Axel Nobel's Investor Update for the first quarter of 2025. 00:00:05.388 -- 00:00:09.151 I'm Kenny Che, Head of Investor Relations. 00:00:09.151 -- 00:00:14.856 Today, our CEO, Greg Puglione, and CFO, Martin De Vries, will take you through our results. 00:00:14.856 -- 00:00:18.359 We'll refer to the presentation, which you can follow by webcast or download from our 00:00:18.359 -- 00:00:21.500 website at axelnobel.com. 00:00:21.642 -- 00:00:25.866 A replay of the webcast will also be made available following the event. 00:00:25.866 -- 00:00:28.348 There will be a Q&A session after the presentation. 00:00:28.348 -- 00:00:32.617 For additional information, please contact our Investor Relations team. 00:00:32.617 -- 00:00:37.283 Before we start, a reminder of our forward-looking statements, disclaimer on slide two. 00:00:37.283 -- 00:00:41.848 Please note this also applies to the conference call and answers to your questions. 00:00:41.848 -- 00:00:46.694 I will now hand over to Greg, who will start on slide three of the presentation. 00:00:46.694 -- 00:00:47.775 Thanks, Kenny. 00:00:47.775 -- 00:00:52.741 Good morning to everyone on the call. In Q1, we delivered better than expected results 00:00:52.741 -- 00:00:58.958 despite softer markets with adjusted EBITDA, flat year-on-year at constant currencies. 00:00:58.958 -- 00:01:04.183 This performance was underpinned by positive pricing and strong cost reduction, demonstrating 00:01:04.183 -- 00:01:09.407 that our self-help measures are starting to deliver with more benefits to come. 00:01:09.407 -- 00:01:14.532 Organic sales were flat with 2% positive price mix offset by volumes 00:01:14.532 -- 00:01:20.097 down 2%, of which half was from the timing of an in...