At the Annual Shareholders’ Meeting of Recticel, which took place this morning, all proposed resolutions on the agenda of the Ordinary General Meeting were approved.
Recticel will distribute a gross dividend of EUR 0.31 per share, payable on 4 June 2025.
The meeting also:
We are proud to share our 2024 Annual Report which is structured in accordance with the Corporate Sustainability Reporting Directive (CSRD).
Entitled ‘Leading the way in future-smart insulation’, this year’s report marks a significant step forward in how we communicate our performance, our impacts, risks and opportunities (IRO), reaffirming Recticel’s position as a progressive player in a fast-evolving insulation market.
- Net organic sales increase from EUR 140.6 million in 2024 to EUR 158.4 million (+12.7%) in 2025
- Net cash position: EUR 52.0 million (31 December 2024: EUR 74.4 million)
Jan Vergote, CEO Recticel:
“Recticel announces strong organic volume growth in Q1 2025. Market prices were lower than 2024 averages, but have marginally improved compared to the record lows of Q4 2024.
Recticel announces that on 24 April 2025 its share capital has been increased following the exercise of 45,000 subscription rights of the warrant plan issued on 29 April 2016. This resulted in the issuance of 45,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 28 April 2025.
- Revenue up 15.3% from EUR 529.4 million to a record-high EUR 610.2 million accelerating to 18.3% in H2
- Organic growth of 4.5% accelerating to 6.4% in H2
- Adjusted EBITDA up 26.7% from EUR 39.2 million to EUR 49.6 million and adjusted EBITDA margin on sales up from 7.4% to 8.1%
- Net cash position at EUR 74.4 million
- 24.2% reduction in scope 1&2 carbon intensity per m³
- Major greenfield project under way in the North America
Recticel Group has earned a top rating from CDP, the organisation hosting the world’s largest and most comprehensive dataset on corporate climate action. The ‘A’ score for Climate Change comes after three years of consistent and transparent reporting and marks an advance through two levels in a single year. We are particularly pleased to have achieved this in the same year that CDP expanded its questionnaire to align with the rigorous standards of the CSRD framework.
Recticel is proud to announce that it has been awarded an ‘A’ score for Climate Change by CDP.
Recognised as the gold standard for environmental reporting, CDP hosts the world’s largest and most comprehensive dataset on corporate climate action. Companies representing two-thirds of global market capitalisation disclose through the organisation. In 2024, CDP scored more than 24,800 companies on their transparency and action as they work to integrate Earth-positive decisions into their business models.