Brief: Recticel FY Adjusted EBITDA Up At 109.2 Million Euros

Recticel SA

25/02/2022 06:12

Feb 25 (Reuters) - Recticel NV  RECT.BR :
    * FY NET SALES INCREASE FROM EUR 616.9 MILLION TO EUR
1,032.8
MILLION (+67.4%), OF WHICH +34.0% ORGANIC GROWTH, +0.6% CURRENCY
EFFECT AND A +32.8% CONTRIBUTION FROM FOAMPARTNER MILLION VERSUS
EUR 63.2 MILLION YEAR AGO
    * WE ARE WORKING ON AN ACCELERATED GROWTH PLAN IN ORDER TO
DOUBLE
THE INSULATION SALES BY 2025
    * FY ADJUSTED EBITDA: FROM EUR 44.4 MILLION TO EUR 109.2
MILLION
(+145.9%)
    * GROUP DOES NOT PROVIDE AN OUTLOOK FOR THE FULL YEAR AT
THIS
STAGE
    * FY NET FINANCIAL DEBT: EUR 147.8 MILLION (30 SEPTEMBER
2021 :
EUR 189.0 MILLION)
    * FY RESULT OF THE PERIOD (SHARE OF THE GROUP): FROM EUR
63.2
MILLION TO EUR 53.5 MILLION (-15.3%)
    * WE CONFIRM THE TARGETS TO CLOSE THE BEDDING DIVESTMENT TO
AQUINOS GROUP AND THE ENGINEERED FOAMS DIVESTMENT TO CARPENTER
CO. RESPECTIVELY BEFORE THE END OF 1Q2022 AND AROUND MID2022-CEO
    * INTEGRATION OF FOAMPARTNER IN ENGINEERED FOAMS IS
CONTINUING
ACCORDING TO PLAN-CEO
    * PROPOSAL TO PAY A GROSS DIVIDEND OF EUR 0.29 PER SHARE

Source text for Eikon:  ID:nNDL4Rtt4R 
Further company coverage:  RECT.BR 

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