Akzo Nobel NV

AKZA: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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AkzoNobel Earnings: Foreign-Currency Headwinds Drag on Revenue, but Margin Resilient

Nicolas Owens , Rashmi Nair

Apr 23, 2026

AkzoNobel reported mixed first-quarter results. Revenue declined 9% due to modest volume weakness and a significant foreign-currency headwind. Margin performance was more resilient, with EBITDA margin expanding to 14.5%.

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Akzo Nobel NV

AkzoNobel Earnings: Foreign-Currency Headwinds Drag on Revenue, but Margin Resilient

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