Jotun reports January-August revenue and profit growth despite currency headwinds

admin — Thu, 24 Sep 2026 00:00:00 +0000

Jotun reported that operating revenue for January to August 2026 rose 2 per cent to NOK 23,478 million, while operating profit increased 4 per cent to NOK 5,183 million and profit before tax rose 1 per cent to NOK 4,894 million. Adjusted for negative currency translation from a stronger Norwegian krone, sales grew 10 per cent and operating profit rose 13 per cent. Growth was driven by volume and price increases that partly offset higher raw material costs, with all business segments and regions contributing positively.

Why it matters

Price increases offsetting higher raw material costs, plus ongoing Middle East supply chain disruption, signal continued cost pressure on paints and coatings value chains and pricing power for coatings suppliers.

Key facts

Companies	Jotun
Timing	January-August 2026, September 24, 2026
End uses	paints and coatings

Market context

Jotun is a major producer of paints and coatings, with products spanning marine antifouling and protective coatings, yard and offshore protection, decorative paints and powder coatings. Demand in these segments tracks shipbuilding, ship maintenance, offshore energy, construction and industrial manufacturing, so activity in those end markets shapes the outlook for coatings makers. Coatings are formulated from resins, pigments, solvents and additives, which are largely derived from petrochemical and titanium dioxide supply chains, so raw material costs flow quickly into pricing. When feedstock costs rise, suppliers typically pass them on through price increases, and those with strong brands and specialised protective products tend to hold margins better than commodity competitors. Disruption to shipping routes and petrochemical flows can also tighten availability of key inputs and lengthen delivery times, which tends to favour suppliers with diversified sourcing and regional production.

Source: official release on jotun.com. Summary and context written by Market Krystal.

The post Jotun reports January-August revenue and profit growth despite currency headwinds appeared first on Market Krystal.

Jotun report flags supply chain and labour strains on wind projects

admin — Tue, 22 Sep 2026 00:00:00 +0000

Jotun launched its Global Wind Expansion report at WindEnergy Hamburg, based on a survey of 650 wind component manufacturers and wind-farm operators across 13 countries. The findings show 77% of respondents say supply chain disruptions damaged project profitability over the past 18 months, rising to 90% in the UK, while 80% cite a shortage of skilled labour. Among onshore respondents, 55% said unplanned coating degradation in harsh environments hit their budgets, versus 39% offshore.

Why it matters

Coating degradation and maintenance costs are pushing wind operators toward fewer shutdowns and longer-life coatings, shifting demand toward durable, faster-applied protective coating systems.

Key facts

Companies	Jotun, Ørsted
Timing	2026-09-22
Partners	Hornsea 4
End uses	wind energy, offshore wind, onshore wind, protective coatings
Chemicals	Epoxy resin, Polyurethane coating

Market context

Protective coatings are a core cost and performance element in wind energy, shielding towers, nacelles, blades and foundations from corrosion, UV exposure and abrasion. Epoxy and polyurethane systems are the workhorses here, and their durability largely determines how often assets need recoating or repair. Demand is driven mainly by new onshore and offshore wind construction, plus the maintenance of the existing turbine fleet, where operators face costly downtime and access limits, particularly offshore. When coating systems degrade early or supply chains tighten, the effects typically show up as higher project costs, schedule slippage and pressure on margins for manufacturers and developers. Those conditions tend to favour coating suppliers that can offer longer service life and faster application, since fewer recoats and shorter curing windows reduce labour exposure and turbine downtime. Buyers of raw materials and coating formulations often respond by seeking more reliable supply and specifying higher-performance systems.

Source: official release on jotun.com. Summary and context written by Market Krystal.

The post Jotun report flags supply chain and labour strains on wind projects appeared first on Market Krystal.

Jotun Archives | Market Krystal

Jotun reports January-August revenue and profit growth despite currency headwinds

Key facts

Market context

Jotun report flags supply chain and labour strains on wind projects

Key facts

Market context