Brief: Recticel Q1 Net Sales Up At EUR 294.7 Million

Recticel SA

28/04/2022 06:45

April 28 (Reuters) - Recticel NV  RECT.BR :
    * Q1 NET SALES INCREASE FROM EUR 206.2 MILLION TO EUR 294.7
MILLION (+42.9%), MAINLY DRIVEN BY FOAMPARTNER SCOPE CHANGE, AS
WELL AS A 28.1% INCREASE IN INSULATION SALES
    * NET FINANCIAL DEBT: EUR 129.6 MILLION (31 DECEMBER 2021 :
EUR
147.8 MILLION)
    * WE ARE MAKING PROGRESS TOGETHER WITH CARPENTER CO., IN
PREPARATION FOR CLOSING OF ENGINEERED FOAMS DIVESTMENT AROUND
MID-2022-CEO
    * DESPITE CURRENT GEOPOLITICAL INSTABILITY AND INFLATIONARY
PRESSURE, BUSINESS CONTINUES TO DEVELOP WELL IN 2022
    * CONTINUES TO WORK ON ACCELERATED GROWTH PLANS IN ORDER TO
DOUBLE
ITS SALES BY 2025

Source text for Eikon:  urn:newsml:reuters.com:*:nNDLtDhQv
Further company coverage:  RECT.BR 

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