Akzo Nobel N.V. (AKZA; AKZOY) reported its financial results for the first quarter of 2025, showing flat organic sales and a 1% year-over-year revenue decline to €2.61 billion. Adjusted EBITDA reached €357 million, maintaining margin levels despite continued macroeconomic headwinds.

CEO Greg Poux-Guillaume said efficiency actions are ahead of schedule, helping offset lower volumes and inflation. “We delivered a better-than-expected quarter with positive pricing and strong cost reduction,” he said. “Our efficiency measures are paying off, allowing us to compensate for softer markets and persistent inflation.”

AkzoNobel noted that its strategic focus on local sourcing and procurement de-risking continues to shield the company from direct impacts of U.S. tariffs. However, the company anticipates indirect effects due to slowing customer demand and global trade uncertainty.

Net cash from operating activities improved from negative €170 million in Q1 2024 to negative €112 million this quarter.

The company reiterated its full-year target of adjusted EBITDA above €1.55 billion and reaffirmed mid-term goals of an adjusted EBITDA margin above 16% and return on investment between 16% and 19%.

View the full quarterly report here.