Investor relations
Financials
Recticel's key figures for 2023 - 2024 are displayed below. Click on the links to go directly to a specific topic.
Balance sheet
| Balance sheet (in million EUR) | 2023 | 2024 |
| Non-current assets | 320,0 | 394,9 |
| Current assets | 339,9 | 306,8 |
| TOTAL ASSETS | 660,0 | 701,7 |
| Total Equity | 438,0 | 445,1 |
| Non-current liabilities | 90,7 | 112,0 |
| Current liabilities | 131,3 | 144,5 |
| TOTAL LIABILITIES |
660,0 |
701,7 |
| Net working capital | 23,7 | 43,0 |
| Market capitalisation (31 December) | 596,0 | 593,2 |
| Non-controlling interests | 1,7 | 1,5 |
| Combined net financial debt | (161,9) | (74,4) |
| ENTERPRISE VALUE | 435,9 | 520,4 |
Income statement
| Consolidated income statement (in million EUR) | 2023 | 2024 |
|
Sales Gross profit |
529,4 90,1 |
610,2 104,5 |
|
Adjusted EBITDA EBITDA |
39,2 36,1 |
49,6 42,6 |
|
Adjusted Operating profit (loss) Operating profit (loss) |
15,9 12,6 |
18,9 11,5 |
|
Financial result Income from and impairments other associates + change in fair value of option structures |
(4,1) (9,5) |
3,4 0,0 |
| Result of the period before taxes | (1,0) | 14,9 |
| Income taxes | (8,0) | 1,5 |
| Result of the period after taxes - continuing operations | (9,0) | 16,3 |
| Result of the period after taxes - discontinued operations | 12,2 | 1,6 |
| Result of the period after taxes - continuing and discontinued operations | 3,2 | 18,0 |
|
of which Result of the period after taxes (share of non-controlling interests) of which Result of the period after taxes (share of the Group) |
(0,1) 3,3 |
(0,2) 18,1 |
| Profitability ratios | 2023 | 2024 |
| Gross profit / Sales | 17,0% | 17,1% |
|
Adjusted EBITDA / Sales EBITDA / Sales |
7,4% 6,8% |
8,1% 7,0% |
|
Adjusted Operating profit (loss) / Sales Operating profit (loss) / Sales |
3,0% 2,4% |
3,1% 1,9% |
| Result of the period after taxes (share of the Group) / Sales | 0,6% | 3,0% |
| ROE = Result of the period after taxes (share of the Group) / Total equity (Group share) (1) | 0,8% | 4,1% |
(1)annual average of equity (share of the Group) Average = [Equity (share of the Group) at the end of the previous period + Equity (share of the Group) at the end of the current period] / 2
| Annual growth rates | 2023 | 2024 |
| Sales | -5,7% | 15,3% |
| EBITDA | -34,3% | 17,8% |
| Operating profit (loss) | -63,9% | -8,7% |
| Result of the period after taxes (share of the Group) | -94,8% | 447,8% |
Key figures Recticel Group
Key figures per share
| Key figures per share | 2023 | 2024 |
| Number of shares (31 December) | 56.230.920 | 56.605.920 |
| Weighted average number of shares outstanding (before dilution) | 55.897.911 | 56.067.538 |
| Weighted average number of shares outstanding (after dilution) | 56.511.223 | 56.475.310 |
| in EUR | 2023 | 2024 |
|
Adjusted EBITDA EBITDA |
0,70 0,64 |
0,88 0,75 |
|
Adjusted operating profit (loss) Operating profit (loss) |
0,28 0,22 |
0,33 0,20 |
|
Earnings per share - continuing operations Earnings per share - discontinued operations |
-0,16 0,22 |
0,29 0,03 |
|
Earnings per share of continuing and discontinued operations - Basic (2) Earnings per share of continuing and discontinued operations - Diluted |
0,06 0,06 |
0,32 0,32 |
|
Gross dividend Pay-out ratio |
0,31 527% |
0,31 97% |
|
Net book value (share of the group) Price / Earnings ratio (3) |
7,79 180,1 |
7,86 32,7 |
(2) calculated on the basis of the weigthed average number of shares outstanding (before dilution effect)
(3) based on the share price of 31 December. Earnings = Result of the period (share of the Group) per share
| Share prices (in EUR) | 2023 | 2024 |
| share price on 31 December | 10,60 | 10,48 |
| lowest share price of the year | 8,22 | 10,10 |
| highest share price of the year | 18,10 | 14,34 |
| average daily volume traded (units) | 64.770 | 44.792 |
Ratios
| Financial structure ratios | 2023 | 2024 |
| Net financial debt / Total equity | N/A | N/A |
| Total equity / Total assets | 66% | 63% |
| Current ratio (4) | 2,59 | 2,12 |
(4) current assets / current liabilities
| Valuation ratios | 2023 | 2024 |
| Price / Earnings (Market capitalisation (Dec 31st) / Result of the period (share of the Group))(5) | 180,1 | 32,7 |
| Enterprise value / Operating profit (loss) | 34,6 | 45,3 |
| Price / Book value (=Market capitalisation/Book value (share of the Group)) | 1,4 | 1,3 |
(5) based on the share price of December 31st. Earnings = result of the period (share of the Group) per share
| Investments versus Amortisation/Depreciation (in million EUR) | 2023 | 2024 |
| Investments in intangible and tangible fixed assets | 21,3 | 28,5 |
| Amortisation, depreciation and impairments (excluding amortisation on goodwill, including impairment) |
20,4 | 30,3 |
| Investments / Sales | 4,0% | 4,7% |
