Highlights Q1 2024 (compared with Q1 2023)
Organic sales up 2%, driven by volume growth in both Paints and Coatings; revenue down 1%
Operating income improved to €261 million (2023: €182 million)
Adjusted EBITDA €363 million (2023: €305 million), adjusted EBITDA margin 13.8% (2023: 11.5%)
Net cash from operating activities negative €170 million (2023: negative €50 million)


AkzoNobel CEO, Greg Poux-Guillaume, commented:
“Our performance for the first quarter combined volume growth in both Paints and Coatings with margin expansion, as it did in the previous quarter. After growing volumes 2% in Q1, we're preparing for further growth in areas where we see market opportunities such as in Powder, where we're adding new production lines. Our momentum and the progress of our efficiency measures bode well for a strong 2024 performance in markets which remain mixed.”

see & read more on
https://www.akzonobel.com/en/media/latest-news---media-releases-/q1-2024