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Akzo Nobel (AKZOY)
OTHER OTC:AKZOY
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.36Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call showed solid operational execution — delivering EBITDA and margin improvements, strong free cash flow, significant cost savings and a high-value India divestment — which offset market softness and FX headwinds. Management provided a conservative 2026 outlook with a clear, cost-driven plan to lift adjusted EBITDA by at least EUR 100 million and a strategically significant proposed merger with Axalta that targets meaningful synergies. Key near-term risks are lower volumes, FX translation impacts, and a temporary packaging market setback, but the company’s cash generation, deleveraging and efficiency progress drive a constructive outlook.Company Guidance
Full-Year Adjusted EBITDA and Margin Improvement
Full-year adjusted EBITDA of EUR 1,444 million (adjusted for FX translation and India divestment), within ~1% of constant-currency guidance; full-year profitability (adjusted EBITDA margin) 14.2%, up 40 basis points versus prior year.
Strong Q4 EBITDA and Margin Expansion
Q4 adjusted EBITDA of EUR 309 million (EUR 343 million at constant currencies and adjusted for India), a comparable increase of ~7% year-on-year; Q4 margin ~13%, up 70 basis points y/y.
Material Free Cash Flow and Deleveraging
FY free cash flow of EUR 606 million (Q4 free cash flow EUR 362 million); net debt reduced to below EUR 3 billion and leverage reduced to ~2x, aligned with midterm target.
Value-Creating India Divestment
Sale of Akzo Nobel India Limited for ~EUR 900 million at an attractive ~25x EBITDA multiple; retained powder business via minority buyout and secured recurring royalty stream from divested liquid coatings.
SG&A and Industrial Efficiency Delivery
SG&A program delivered gross cost savings of EUR 200 million (EUR 145 million achieved to date), eliminating ~2,900 functional positions and exceeding target by ~EUR 80 million; Industrial Excellence program on track (12 site closures to date) and expected to deliver total gross savings of EUR 300 million, with EUR 90 million benefit in 2026.
Aggregate Cost Takeout and 2026 EBITDA Upside Target
Combined self-help programs expected to deliver ~EUR 0.5 billion of gross cost savings; company targets at least EUR 100 million higher full-year adjusted EBITDA in 2026 on a comparable basis (driven largely by cost actions).
Operational Improvements in Working Capital and ROI
Trade working capital improved to 14.7% (1 percentage point improvement y/y) with DIO flat despite strategic prebuys; return on investment improved to 13.5% from 13.3%.
Strategic Merger with Axalta and Expected Synergies
Proposed merger of equals with Axalta progressing (regulatory filings being submitted); expects at least USD 600 million of cost synergies and revenue synergies of 100–200 basis points, with closing targeted late 2026/early 2027.
AKZOY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AKZOY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Oct 22, 2025 | $23.52 | $23.32 | -0.86% |
Jul 22, 2025 | $23.02 | $22.29 | -3.19% |
Apr 23, 2025 | $19.22 | $20.39 | +6.07% |
Jan 29, 2025 | $20.24 | $19.21 | -5.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Akzo Nobel (AKZOY) report earnings?
Akzo Nobel (AKZOY) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Akzo Nobel (AKZOY) earnings time?
Akzo Nobel (AKZOY) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKZOY EPS forecast?
AKZOY EPS forecast for the fiscal quarter 2026 (Q1) is 0.39.