Akzo Nobel N.V. (AKZOF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to today's Axo Noble Q2 results call. My name is Harry, and I'll be your operator today. All lines are currently in listen-only mode, and there will be an opportunity for Q&A after management's prepared remarks. If you would like to enter the queue for questions, please dial star followed by one on your telephone keypad. I would now like to hand the call over to Kenny Che, Head of Investor Relations, to begin. Please go ahead. Thank you, Ari. Good morning and welcome to Axonobel's Investor Update for the second quarter of 2025. I'm Kenny Che, Head of Investor Relations. Today, our CEO, Greg Puglione, and CFO, Martin DeVries, will take you through our results. We'll refer to the presentation, which you can follow by webcast or download from our website at axonobel.com. A replay of the webcast will also be made available following the event. There will be a Q&A session after the presentation. For more information, please contact our investor relations team. Before we start, a reminder of our forward-looking statements disclaimer on slide two. Please note this also applies to the conference call and answers to your questions. I will now hand over to Greg, who will start on slide three of the presentation. Thanks, Kenny. Good morning to everyone on the call. ExxonMobil had a good quarter in tepid markets. We delivered on the things that we can control. Our gross margin was up 40 basis points year-on-year on price versus raws margin extension, in line with our plan. And our EBITDA was up by 60 basis points on significantly lower OPEX from our efficiency actions. Volumes were slightly down, but above market and Forex, while a significant headwind continues to be limited to a translation impact, as shown by our solid 15% EBITDA for the quarter, ...