Hempel A/S delivers its best financial result to date with free cash flow of USD$301.4 million (EUR 259 million) and the strongest adjusted EBITDA margin in the company history, achieving 18.2%, and
Hempel A/S delivers its best financial result to date with free cash flow of USD$301.4 million (EUR 259 million) and the strongest adjusted EBITDA margin in the company history, achieving 18.2%, and an adjusted EBITDA of USD$458.5 (EUR 394 million).
Total revenue in 2025 amounted to USD$2,519 million (EUR 2,165 million). Organic growth for the year, in fixed currency and adjusted for divestments, was 3.4%. Sales in actual numbers were negatively affected by foreign exchange movements, primarily due to the USD depreciation, but organic growth was continuously supported by strong underlying volume growth, especially in the Marine segment.
Hempel’s financial foundation was particularly strengthened through disciplined cash flow management, delivering strong performance in free cash flow, amounting to USD$301.4 million (EUR 259 million) in 2025, compared to USD$161.7 million (EUR 139 million) in 2024, while maintaining strategic investments across the business.
Customer‑focused innovation fuels segment momentum
In 2025, Hempel amongst others brought three major innovations to market: Hempaguard NB for Marine newbuilding, Hempafire Extreme for next‑generation infrastructure fire safety and Farrow & Ball’s Flat Eggshell, a durable low‑sheen finish for interiors.
In the Marine segment, organic sales grew 9.8% to USD$872 million (EUR 750 million), marking
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