Brief: Recticel H1 Adjusted EBITDA Up At 56.9 Million Euros

Recticel SA

27/08/2021 06:04

Aug 27 (Reuters) - Recticel NV  RECT.BR :
    * H1 NET SALES INCREASE FROM EUR 374.3 MILLION TO EUR 596.2
MILLION (+59.3%)
    * H1 ADJUSTED EBITDA: FROM EUR 19.0 MILLION TO EUR 56.9
MILLION
    * H1 RESULT OF PERIOD (SHARE OF GROUP): FROM EUR 60.1
MILLION
(INCLUDING EUR 68.8 MILLION RESULT FROM DISCONTINUED OPERATIONS)
TO EUR 28.0 MILLION
    * RECTICEL NV SEES ADJUSTED EBITDA IN A RANGE BETWEEN EUR
123
MILLION TO EUR 133 MILLION FOR FULL YEAR 2021
    * CLOSING OF ACQUISITION OF GÓR-STAL'S INSULATION BOARD
BUSINESS
IS NOW EXPECTED TO TAKE PLACE IN COURSE OF 4Q2021
    * DIVESTMENT PROCESS OF BEDDING BUSINESS IS ON TRACK AND
BINDING
OFFERS ARE EXPECTED BY END OF 3Q2021

Source text : https://bit.ly/3ymO7Zg
Further company coverage:  RECT.BR 

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