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"2017 has been another successful year for Recticel, despite significant headwinds and unforeseen impactful incidents. In that context, the Recticel organisation has displayed resolve and reactivity to improve its profitability, and generate a historically high net result.

 

  • Combined sales growth of 4.6%, despite an adverse currency impact of -1.3%
  • Further increases in chemical raw material prices lead to additional price adjustments
  • Combined net financial debt: EUR 141.7 million


Olivier Chapelle (CEO): “We are satisfied with the overall sales growth generated during the first quarter of 2018, despite the harsh weather conditions that prevailed. The markets in which we operate have remained overall supportive, with exception of the United Kingdom.

Recticel announces that on 29 March 2018 its share capital has been increased following the exercise of (i) 21,480 warrants of the warrant plan issued on 02 May 2007, 29,834 warrants of the warrant plan issued on 03 December 2007  and (iii) 63,007 warrants of the warrant plan issued on 29 April 2014. This resulted in the issuance of 114,321 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 03 April 2018.

This results in the following overview:

Disclosure in accordance with the provisions of the Act of 2 May 2007

 

The information provided below constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments, which have been admitted for trading on a regulated market.

On 26 February 2018, we published our second sustainability report: Sustainability through Technological Advances. Sustainability is a key differentiator for Recticel in that it underpins everything we do. It has been embedded in our Group Strategy since 2015 and our approach was laid out in our first sustainability report in 2016. Two years later, our efforts have been rewarded with clear evidence that the approach and priorities defined then have delivered tangible progress for us, our stakeholders and our planet.

Congratulations to SpaceX on the successful launch of Falcon Heavy! Recticel and its subsidiary Soundcoat in the US are proud to have played a role in this historic event. SpaceX is not just an important client but also a huge source of inspiration for us. Here are just some of the lessons we have learned from working in partnership with this visionary company.

We attended Foam Expo North America from 6 - 8 March 2018, where we presented our various solutions for the world of transport, industrial equipment and consumer goods.

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From 15 to 21 January 2018, we showcased our newest Schlaraffia products at the International Furniture Fair (IMM) in Cologne (Germany). After an intensive period of product development, we were proud to give an insight into the new generation of GELTEX® products, which soon will be launched. Also, our new Boxspring collection, pillows, duvets and dog beds were presented under the name ‘Schlaraffia Home Collection’.

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