Akzo Nobel N.V. (AKZOF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

And thank you for joining the Akzo Nobel Q two results 2026. My name is Claire, and I'll be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. I would now like to hand over to Jan Willem, Head of Investor Relations at Akzo Nobel to begin. Please go ahead. Good morning, and welcome to Akzo Nobel's Investor Update for the Second Quarter of twenty twenty six. I'm Jan Merle N. Huss, Head of Investor Relations. Today, our CEO, Greg Pubillon and CFO, Markus de Vries, will take you through our results. We'll refer to the presentation, which you can follow by webcast or download from our website, okzonobel.com. A replay of the webcast will also be made available following the event. There will be a Q and A session after the presentation. For additional 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, Jan Willem. Good morning to everyone on the call. In Q2, we delivered a quarter of growth and margin expansion. Organic sales were up 2% year on year, with pricing up 3% and volume stable, with a 1% headwind from mix. We did what we said we would do. We implemented the pricing to protect margins. We kept volume stable and we continue to execute on costs. Profitability continued to trend up. Adjusted gross margin came in at 42.7%, up 70 basis points. And adjusted EBITDA margin was 15.4, up 40 basis points, marking making this the fifth quarter in a row of margin expansion year on year. Adjusted EBITDA was EUR $398,000,000, up 5...