Comments
from the CEO
In 2025, Beckers took a series of decisive actions, driven by a strong focus on our long-term goals. These steps were crucial as we faced a new global trade system with changing tariffs that required ongoing adjustment. Despite these challenges, we made significant progress, agile and ready to meet these developments.
Delivering progress, being consistent and forward-looking
Market conditions in 2025 remained uneven. Softer demand in several regions, combined with tariff volatility affecting volumes in countries such as India, Vietnam, and Mexico, meant sales was slightly below expectations, while showing a 2.4% increase versus 2024.
At the same time, we saw encouraging momentum in Europe where we improved market share. Our strong positions in the Middle East continued to deliver solid performance and we further strengthened our presence in China with the inauguration of our new R&D Center in Shanghai.
We also reached several important milestones beyond financial performance. In March, Beckers became one of the first companies in our industry to have both near‑term and net‑zero targets approved by the Science Based Targets initiative (SBTi). This validation represents a major step forward in our decarbonization journey and provides a clear roadmap for reducing emissions across our operations and value chain.
Earlier in the year, we were also named one of Europe’s Climate Leaders 2025 by the Financial Times. This represents a great reward and honor for our employees, recognizing the tangible progress we are making.
Innovation continued to be a key driver of impact. Sales of products in the Achiever category of the Beckers Sustainability Index reached a record 52%. Through FutureLab, our global R&D teams, and partnerships with suppliers and universities, we advanced renewable-carbon technologies, expanded our UV/EB capabilities and accelerated innovations that help customers reduce waste, VOCs and carbon emissions.
Building a safer, more engaged organization
A major focus in 2025 was strengthening our safety culture. Through SPARK, a global Health & Safety program we implemented numerous actions for fire safety, leadership engagement and proactive risk prevention. This work is essential to our long‑term success – and it reflects our deep commitment to care, integrity and protecting our people.
We also saw strong results in our Global Engagement Survey, with a 93% participation rate and improvements across leadership, team efficiency, and learning culture. These results matter. They show that our people are engaged, committed and ready to help move Beckers forward. We also made steady progress on gender equality, especially in operations and continued implementing our global Living Wage Policy.
In total, Beckers delivered its highest‑ever level of investments in 2025, reflecting our long‑term commitment to growth, safety, sustainability and operational excellence.
Looking ahead
The world around us will remain unpredictable. Tariffs and geopolitical tensions, changes in construction markets and increasing regulatory expectations will continue to shape our operating environment. As we reflect on current events, we are now addressing the conflict in Iran and its implications for our people, business operations, and customers. At Beckers, we have taken measures to ensure the safety of our staff at our Middle East site.
Given the unpredictable nature of current developments, it remains challenging to foresee the progression. Nevertheless, we believe our strategy provides robust long-term protection for Beckers and we are prepared to respond proactively to immediate challenges. Our long‑term outlook is positive. We see significant opportunities in fast‑growing regions in Asia and the United States.
As we look toward 2030, our ambition remains unchanged: to lead the coating industry’s transition toward a defossilized future. We will continue to pioneer innovation together with our customers and partners, invest in our people and our sites and strengthen the resilience of our business. Above all, we will continue to act with care and long‑term responsibility – staying true to who we are and the values that have guided Beckers for more than 160 years.
Thank you to our shareholder, employees, customers, partners and stakeholders for your trust, collaboration and commitment. Together, we are creating coatings that perform with purpose and driving real, lasting progress toward a more sustainable future.
“In 2025, we strengthened our sustainability leadership, reinforced the foundations for long-term growth and demonstrated how our values guide us through complexity and change.”
People
We empower our people by fostering a safe, inclusive and engaging workplace where well-being, development and performance go hand in hand. Through strong culture, continuous learning and community engagement, we enable our employees to make a positive impact across our operations and beyond.
Products
We develop more sustainable coating solutions by integrating performance and sustainability across the full product life cycle – from raw materials and formulation to application, use and end-of-life. Our innovation focuses on reducing environmental impact while delivering value for customers and society.
Operations
We reduce our environmental footprint by continuously improving efficiency and lowering emissions across our operations and value chain. By working closely with suppliers and customers, we drive responsible practices and contribute to a more sustainable industry.
Business
We aim to be the global leader in Coil Coatings while driving innovation in strategic Industrial Coatings segments. Through a resilient business model, strong governance and responsible business conduct, we create long-term value for customers, shareholders and society.