Brief: Recticel H1 Adjusted EBITDA Up At EUR 29.2 Mln

Recticel SA

26/08/2022 06:11

Aug 26 (Reuters) - Recticel NV  RECT.BR :
    * RECTICEL FIRST HALF-YEAR 2022 RESULTS
    * H1 ADJUSTED EBITDA: FROM EUR 22.4 MILLION TO EUR 29.2
MILLION
(+30.3%)
    * RESULT OF H1 PERIOD (SHARE OF GROUP): FROM EUR 28.0
MILLION TO
EUR 34.6 MILLION
    * END-H1 NET FINANCIAL DEBT: EUR 254.9 MILLION (31 DECEMBER
2021:
EUR 147.8 MILLION; 30 JUNE 2021 : EUR 206.6 MILLION)
    * GEOPOLITICAL TURBULENCES, SUPPLY CHAIN CHALLENGES AND
ECONOMIC
UNCERTAINTIES PREVENT US FROM PROVIDING AN OUTLOOK FOR FULL YEAR
AT THIS STAGE.
    * H1 NET SALES INCREASE FROM EUR 229.7 MILLION TO EUR 274.3
MILLION (+19.4%)
    * ON-GOING DIVESTMENT PROCESS RECTICEL ENGINEERED FOAMS:
CLOSING
OF TRANSACTION WILL BE DELAYED AND IS NOW EXPECTED TO BE
COMPLETED BY FIRST QUARTER OF 2023
    * ON-GOING DIVESTMENT PROCESS RECTICEL ENGINEERED FOAMS:
RECTICEL
AND CARPENTER ARE COLLABORATING TO PROVIDE ADDITIONAL
INFORMATION AND CLARIFICATIONS TO CMA WITH REGARD TO REMEDY
UNDERTAKINGS

Source text for Eikon:  ID:nNDL3jRJNg 
Further company coverage:  RECT.BR 

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