Jotun Q2 Report 2022

Operating income year to date has increased by 19 per cent compared with the same period last year. The strong growth is primarily driven by price increases. However, an increase in sales volume has also contributed to the positive development.
All segments achieved double-digit sales growth, and sales increased in all regions, except Scandinavia. In the Scandinavian market, the overall demand for paint has gone down following the pronounced increase seen during the pandemic in 2020 and 2021.
A resurgence of shipbuilding activity in Northeast Asia contributes to the solid sales growth in the Marine segment. This follows the cyclical downturn in the newbuilding market that has negatively impacted sales growth in Marine the last two years.