Akzo Nobel N.V. (AKZOF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Welcome to today's Axo Nobel third quarter results for 2025. My name is Seb, and I'll be the operator for your call today. If you would like to ask a question during the Q&A session, please press star one on your telephone keypad. If you would like to withdraw from the queue, please press star two. I will now hand over to Kenny Che, head of investor relations, to begin the call. Please go ahead. Thank you. Good morning and welcome to Axel Nobel's Investor Update for the third 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 axelnobel.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 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, Kenny. Good morning to everyone on the call. Axel Nobel delivered a solid quarter in a weak market environment. We remain focused on the elements we control, efficiency, pricing discipline, and cash generation. and these continue to deliver results. Our adjusted EBITDA came in at €385 million, or €411 million excluding Forex translation. This corresponds to a 15.1% margin, up 30 basis points year-on-year. That's very much in line with the consensus and demonstrates our ability to expand margins despite external headwinds. Volumes were down 1% versus prior year, showing a ...