Update on Impact to Jotun from the War in the Middle East

Jotun’s MEIA region (Middle East, India and Africa) consists of 17 companies and 16 factories across 41 countries. MEIA accounted for 31% of Jotun’s revenue in 2025.[1]

Markets directly affected by the conflict are the United Arab Emirates (Dubai and Abu Dhabi), Kuwait, Bahrain, Qatar, Saudi Arabia and Oman. Jotun has operations in all of these countries. In addition, Jotun has employees in Iraq and Iran. Altogether, Jotun has 1,933 employees in the affected countries, representing approximately 20% of Jotun’s revenue.

The highest priority for Jotun is to ensure the safety of all employees and their families. So far, all employees are unharmed and there has been no damage to Jotun’s facilities.

Operational update
All operations, including factories and warehouses, remain operational in all affected markets. However, activity levels have been adjusted to the prevailing security situation and are based on ongoing assessments of safety and risk in an environment marked by uncertainty and sudden changes.

Jotun’s crisis management team is closely monitoring the situation. Jotun has experienced leaders both at the regional management level and in the affected companies. They have previous crisis management experience and are accustomed to adapting operations to changing circumstances.

The conflict in the Middle East has significantly affected logistics routes, access to raw materials, and transportation across industries throughout the region. Nevertheless, at present, Jotun is relatively well positioned with regard to the raw materials situation, with solid safety stocks, long-term suppliers, and procurement agreements.

Ref.:

Investor Relations Manager
Ole Andreas Steensland Dahl
Mail: oasd@orkla.no
Mob.: +47 907 07 937

[1] Jotun 100% basis.