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President and CEO Morten Fon, Jotun. Photo: Morten Rakke

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Another record year for Jotun

(Sandefjord, February 12th, 2026): Jotun achieved all-time high sales and earnings in 2025 and enters its 100th anniversary year in better shape than ever.

Continued volume growth in all business segments and most geographical regions ensured all-time high sales for Jotun in 2025. The paint and coatings manufacturer’s earnings also came in at an all-time high level, supported by favourable raw material prices and effective cost management.

“With a fantastic organisation and a strong corporate culture, we managed to continue growing our own business and outgrowing competition. 2025 was in line with our long-term growth trend, and our operating income has more than doubled over the past decade”, says President and CEO Morten Fon.

In for the long run

A key part of the success formula has been early entries into new markets. For example, Jotun has been active in the Middle East since 1962 and in South East Asia since 1968. This has enabled fast and profitable growth in several developing countries.

The company continues to invest in new markets. “Over the past years, we have primarily been focusing on Africa. We have built factories in Ethiopia (2021) and Algeria (2024), as well as sales offices and warehouses in many other countries. We have also invested significant resources into a global network of R&D facilities”, says Fon.

Outlook

Jotun expects underlying sales growth to continue outpacing general market growth. However, there are uncertainties related to raw material prices and significant pressure on selling prices. In addition, inflation and protectionism may slow down consumer spending and investments.

“Several factors may impact our business. However, we have managed to adapt quickly to new market realities before and expect to continue producing positive results going forward. Jotun is well positioned for further profitable growth, and we maintain our long-term strategy”, says Fon.

Key financials

(NOK mill)

2025

2024

Change

Operating revenue

34 333

34 206

0.4 %

Operating profit

7 081

6 766

4.7 %

Profit before tax

6 824

5 849

16.7 %

Further information

Morten Fon, President & CEO, +47 909 19 822, morten.fon@jotun.no

Øyvind Willumsen Haugå, Group Communications Director, +47 957 47 495, oyvind.willumsen.hauga@jotun.no

Emner


Jotun er en av verdens ledende produsenter av maling og pulverlakker, med 68 selskaper og 40 produksjonsanlegg globalt. I tillegg har Jotun salgskontorer, forhandlere og distributører i mer enn 100 land. Jotun hadde i 2024 en omsetning på NOK 34,2 milliarder, og har i dag mer enn 10.500 medarbeidere. Konsernet er organisert med fire segmenter og i fem geografiske regioner. Hovedkontoret ligger i Sandefjord.

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