Investor relations
Financials
Recticel's key figures for 2024 - 2025 are displayed below. Click on the links to go directly to a specific topic.
Balance sheet
| Balance sheet (in million EUR) | 2024 | 2025 |
| Non-current assets | 394,9 | 418,0 |
| Current assets | 306,8 | 267,5 |
| TOTAL ASSETS | 701,7 | 685,6 |
| Total Equity | 445,1 | 430,4 |
| Non-current liabilities | 112,0 | 109,3 |
| Current liabilities | 144,5 | 145,9 |
| TOTAL EQUITY AND LIABILITIES |
701,7 |
685,6 |
| Net working capital | 43,0 | 50,2 |
| Market capitalisation (31 December) | 593,2 | 556,2 |
| Non-controlling interests | 1,5 | 3,4 |
| Combined net financial debt | (74,4) | (27,4) |
| ENTERPRISE VALUE | 520,4 | 532,1 |
Income statement
| Consolidated income statement (in million EUR) | 2024 | 2025 |
|
Sales Gross profit |
610,2 |
655,1 114,0 |
|
Adjusted EBITDA EBITDA |
49,6 |
55,8 51,3 |
|
Adjusted Operating profit (loss) Operating profit (loss) |
18,9 |
24,6 19,9 |
|
Financial result Income from and impairments other associates + change in fair value of option structures |
3,4 |
(3,5) (11,5) |
| Result of the period before taxes | 14,9 | 4,9 |
| Income taxes | 1,5 | 0,6 |
| Result of the period after taxes - continuing operations | 16,3 | 5,6 |
| Result of the period after taxes - discontinued operations | 1,6 | 5,0 |
| Result of the period after taxes - continuing and discontinued operations | 18,0 | 10,6 |
|
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) |
(0,2) |
0,4 10,2 |
| Profitability ratios | 2024 | 2025 |
| Gross profit / Sales | 17,1% | 17,4% |
|
Adjusted EBITDA / Sales EBITDA / Sales |
8,1% |
8,5% 7,8% |
|
Adjusted Operating profit (loss) / Sales Operating profit (loss) / Sales |
3,1% |
3,7% 3,0% |
| Result of the period after taxes (share of the Group) / Sales | 3,0% | 1,6% |
| ROE = Result of the period after taxes (share of the Group) / Total equity (Group share) (1) | 4,1% | 2,4% |
(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 | 2024 | 2025 |
| Sales | 15,3% | 7,4% |
| EBITDA | 17,8% | 20,6% |
| Operating profit (loss) | -8,7% | 73,3% |
| Result of the period after taxes (share of the Group) | 447,8% | -43,8% |
Key figures Recticel Group
Key figures per share
| Key figures per share | 2024 | 2025 |
| Number of shares (31 December) | 56.605.920 | 56.752.920 |
| Weighted average number of shares outstanding (before dilution) | 56.067.538 | 56.339.332 |
| Weighted average number of shares outstanding (after dilution) | 56.475.310 | 56.541.062 |
| in EUR | 2024 | 2025 |
|
Adjusted EBITDA EBITDA |
0,88 |
0,98 0,90 |
|
Adjusted operating profit (loss) Operating profit (loss) |
0,33 |
0,43 0,35 |
|
Earnings per share - continuing operations Earnings per share - discontinued operations |
0,29 |
0,10 0,09 |
|
Earnings per share of continuing and discontinued operations - Basic (2) Earnings per share of continuing and discontinued operations - Diluted |
0,32 |
0,19 0,19 |
|
Gross dividend Pay-out ratio |
0,31 |
0,31 173% |
|
Net book value (share of the group) Price / Earnings ratio (3) |
7,86 |
7,58 54,5 |
(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) | 2024 | 2025 |
| share price on 31 December | 10,48 | 9,80 |
| lowest share price of the year | 10,10 | 8,38 |
| highest share price of the year | 14,34 | 11,52 |
| average daily volume traded (units) | 44.792 | 50.168 |
Ratios
| Financial structure ratios | 2024 | 2025 |
| Net financial debt / Total equity | N/A | N/A |
| Total equity / Total assets | 63% | 63% |
| Current ratio (4) | 2,12 | 1,83 |
(4) current assets / current liabilities
| Valuation ratios | 2024 | 2025 |
| Price / Earnings (Market capitalisation (Dec 31st) / Result of the period (share of the Group))(5) | 32,7 | 54,5 |
| Enterprise value / Operating profit (loss) | 45,3 | 26,7 |
| Price / Book value (=Market capitalisation/Book value (share of the Group)) | 1,3 | 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 | 28,5 | 34,3 |
| Amortisation, depreciation and impairments (excluding amortisation on goodwill, including impairment) |
30,3 | 27,6 |
| Investments / Sales | 4,7% | 5,2% |
