Brief: Recticel New FY 2021 Guidance After Integration Of FoamPartner

Recticel SA

19/05/2021 06:07

May 19 (Reuters) - RECTICEL NV  RECT.BR :
    * RECTICEL REVISES ITS FULL-YEAR 2021 GUIDANCE FOLLOWING
INTEGRATION OF FOAMPARTNER
    * NET SALES YTD APRIL 2021: FROM EUR 258.6 MILLION TO EUR
366.5
MILLION (+41.7%)
    * PROFIT MARGINS ARE AT OR ABOVE EXPECTATIONS IN ALL
BUSINESS
LINES
    * APRIL 2021 NET SALES INCLUDE FOR FIRST TIME FOAMPARTNER
GROUP
SALES
    * NOW EXPECTS ITS ADJUSTED EBITDA TO END UP IN A RANGE
BETWEEN EUR
123 MILLION TO EUR 133 MILLION FOR FULL YEAR 2021, INCLUDING
CONTRIBUTIONS OF FOAMPARTNER (9 MONTHS) AND ITS RELATED
SYNERGIES
    * OUTLOOK: ON PRO FORMA BASIS, INCLUDING INTEGRATION OF
FOAMPARTNER AND GÓR-STAL FOR 12 MONTHS IN 2021, RANGE WOULD
BECOME EUR 133-143 MILLION

Source text: [ID:https://bit.ly/2S4vvxN]
Further company coverage:  RECT.BR 

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