AkzoNobel's Earnings Dented by Ichthys Litigation
Update: 2025-10-22
Description
AkzoNobel's Q3 earnings took a nosedive thanks to a massive €300 million Ichthys litigation provision, overshadowing otherwise stable operating performance. Despite meeting EBITDA expectations at €385 million, sales dipped slightly, and currency headwinds persisted. While Decorative Paints held steady and Performance Coatings showed resilience, AkzoNobel lowered capital spending, tightened volume expectations, and faces investor caution amid ongoing legal battles and market shifts.
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