Recticel announces that on 30 November 2018 its share capital has been increased following the exercise of 3,580 warrants of the warrant plan issued on 20 December 2012. This resulted in the issuance of 3,580 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 04 December 2018.
Recticel announces that on 06 November 2018 its share capital has been increased following the exercise of 3,580 warrants of the warrant plan issued on 20 December 2012. This resulted in the issuance of 3,580 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 08 November 2018.
- Combined 3Q sales decrease of -4.1%
- Combined year-to-date 9M sales growth of +1.3%, including a -1.0% adverse currency impact
- Combined net financial debt: EUR 117.9 million (30 June 2018: EUR 138.7 million; 30 September 2017: EUR 151.6 million)
Olivier Chapelle (CEO): “The markets in which we operate, with the exception of Insulation, have deteriorated during the 3rd quarter of 2018, leading to a 3rd quarter sales decrease of -4.1%.
On 4 October 2018, Recticel inaugurated its first facility in Africa: a new foam converting plant in Tangier, Morocco. The prestigious opening event was attended by Mr. Abdelouahed Rahal, Head of Morocco’s Ministry of Industry, Investment, Trade and Digital Economy.
Recticel announces that on 28 September 2018 its share capital has been increased following the exercise of (i) 106,205 warrants of the warrant plan issued on 03 December 2017, (ii) 11,933 warrants of the warrant plan issued on 20 December 2012 and (iii) 59,546 warrants of the warrant plan issued on 29 April 2014. This resulted in the issuance of 177,684 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 01 October 2018.
Recticel announces that on 31 August 2018 its share capital has been increased following the exercise of (i) 3,580 warrants of the warrant plan issued on 20 December 2012 and (ii) 8,353 warrants of the warrant plan issued on 29 April 2014. This resulted in the issuance of 11,933 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 03 September 2018.
• Combined sales growth of +4.0% despite an adverse currency impact of -1.2%
• Combined REBITDA: EUR 56.2 million (+12.1%)
• Result of the period (share of the Group): from EUR 14.3 million to EUR 18.7 million (+30.7%)
• Combined net financial debt: EUR 138.7 million
Olivier Chapelle (CEO): We are satisfied with the overall 4.0% sales growth generated during the 1st half of 2018, amid challenging market conditions in the comfort and bedding markets, and despite a -1.2% adverse currency environment.