Inside this Article

• Jotun reported improved sales and earnings for the first four months of 2026.
• Operating revenue increased 1% to NOK 11.496 billion, while operating profit rose 7.5% to NOK 2.625 billion.
• The company said raw material availability, supply chain disruption and logistics costs remain key areas of uncertainty.

Jotun reported improved sales and earnings for the first four months of 2026, while noting continued uncertainty tied to the war in the Middle East.

According to the company’s financial report, operating revenue increased 1% to NOK 11.496 billion from the same period last year, while operating profit increased 7.5% to NOK 2.625 billion. Currency-adjusted sales growth was 10%, and operating profit increased 18%, reflecting what the company described as solid underlying improvement.

Jotun said it began its 100-year anniversary year with strong momentum following its performance in 2025. After the war in the Middle East began Feb. 28, the company temporarily closed all factories in affected countries. Operations resumed two days later, and Jotun said employee safety remained its top priority.

“Our 1,933 employees in affected countries have been through difficult times. They have frequently been forced to take shelter, with alarms going off 24/7. Thankfully, there has been no injuries or damages, and our Middle East team has done a fantastic job”, says President and CEO Morten Fon.

Jotun said all product segments and geographic regions contributed positively during the period, though demand and sales weakened in affected markets toward the end of the reporting period.

“Despite the challenges, we deliver another strong period with increasing volumes and profitability. All product segments and geographical regions contributed positively. However, this changed towards the end of the period, with lower demand and weaker sales in the affected markets”, says Fon.

The company said its outlook is characterized by significant uncertainty. While the most direct effects are in the Middle East, Jotun said higher raw material costs, supply chain disruptions and increased logistics costs are expected to affect business conditions across regions and segments.

“We see challenges ahead. The biggest one will be the availability of raw materials, due to the supply chain disruptions. Depending on how long the conflict will last, this will have effects”, says Fon.

Jotun said its diversified product portfolio, corporate culture and geographic footprint position the company to handle the challenges while maintaining its growth strategy.