Recticel increased sales and earnings

Jan Vergote, CEO Recticel said: “Recticel is pleased to announce strong revenue and profitability growth thereby clearly outperforming tough end markets. Our relentless focus on future-smart insulation is paying off with more new product launches and certificates and impressive progress in operational excellence. We have achieved higher market shares in Insulation Boards and Insulated Panels and revenue has grown in all key geographies such as Benelux, United Kingdom, France, Germany, and the United States. We intend to continue the execution of our strategic growth plan with a combination of M&A and organic growth, backed by substantial headroom on our balance sheet. Besides the acquisition of Rex Panels, we continue the execution of our Insulated Panels growth strategy by greenfielding a major EUR 50 million production facility in North America for startup in Q4 2026. Our Insulation Boards R&D group has optimized its proprietary circular PU technology, and we are building a EUR 13 million industry-leading recycling plant in Wevelgem with substantial impact on our scope 3 emissions.”

The company is confident in its strong medium- and long-term organic growth potential. Recticel is growing through product innovation and operational excellence, and expects to benefit from substantial pent-up demand for energy-efficient solutions in the construction sector. As for the start of 2025, the order books are solid and Recticel anticipates continued growth throughout the year with an increasing number of geographies showing signs of cyclical improvement. Given the low visibility on timing and magnitude of the construction market recovery, at this stage, Recticel does not provide a quantitative outlook for the year at this stage.

www.recticel.com

Photo: Site Wevelgem (Belgium) Source: Recticel