The analysis of Q1 2025 figures shows a mixed picture in the global paint industry. While companies like Jotun (+6.4 %) and Nippon Paint (+4 %) are showing significant growth, others are struggling with declining sales. US companies in particular show a wide range of results, from moderate declines at Sherwin-Williams (-1.1 %) to stronger losses at PPG (-4 %). Despite the sales challenges, EBITDA margins remain relatively stable or even improve for most companies, indicating effective cost management. Axalta and Nippon Paint stand out with significant improvements in their margins by 1.4 %. Overall, the industry shows ...