Finance
Dulux paints maker AkzoNobel sees no significant market rebound in 2025
Published by Global Banking and Finance Review
Posted on January 29, 2025
2 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 29, 2025
2 min readLast updated: January 27, 2026
AkzoNobel forecasts a modest rise in 2025 earnings with no significant market rebound. Restructuring impacts operating income, and job cuts are planned.
By Dimitri Rhodes and Anna Peverieri
(Reuters) -Dulux paints maker AkzoNobel forecast a slightly smaller-than-expected rise in 2025 core earnings on Wednesday, and said it does not see a significant market rebound this year.
The Dutch maker of paints and coatings sees its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to surpass 1.55 billion euros ($1.62 billion) for 2025, missing the 1.58 billion euros estimated by analysts in a company-compiled consensus.
The group, which sells decorative paints to consumers and professionals and specialised coatings used by many industries, said its yearly operating income dropped 40% to 127 million euros, mainly impacted by restructuring costs.
"The self- help measures we are taking will increasingly contribute to the bottom line," CEO Greg Poux-Guillaume said in a release.
The paint maker had previously announced plant closures in Ireland, the Netherlands and Zambia, as well as plans to cut about 2,000 jobs, more than 5% of its workforce, globally by the end of 2025.
In January, the Amsterdam-listed company said it planned to lay off up to 211 staff in France, about 16% of its workforce in the country, as part of a reorganisation that would also include creation of 29 new positions.
AkzoNobel's net profit rose 3% to 321 million euros for the fourth-quarter ended Dec. 31, 2024, slightly missing analysts' average estimate of 323 million euros.
($1 = 0.9579 euros)
(Reporting by Dimitri Rhodes and Anna Peverieri; Editing by Rashmi Aich)
The article discusses AkzoNobel's forecast for 2025 earnings and market expectations, highlighting restructuring impacts and job cuts.
AkzoNobel plans to close plants in Ireland, the Netherlands, and Zambia, and cut about 2,000 jobs globally by 2025.
AkzoNobel's net profit rose 3% for Q4 2024, slightly missing analysts' average estimate of 323 million euros.
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