• Group revenue increased by 29.6% in Q3 2026, from EUR 155.2 million in Q3 2025 to EUR 201.1 million, accelerating from 25.6% growth in Q2.
• Organic revenue growth accelerated to 20.3% in Q3, compared with 17.3% in Q2.
• Revenue for the first nine months increased by 20.6%, from EUR 490.4 million to EUR 591.3 million, including 12.2% organic growth.
• Growth remained broad-based across key geographies, with balanced contributions from Insulation Boards, Insulated Panels and Acoustic Solutions.
• Start-up of the US greenfield production facility progressing according to plan.

Stefaan Debusschere, Chief Executive Officer of Recticel Group, comments:

“We are pleased to report a very strong third quarter, with revenue growth of nearly 30% and organic growth exceeding 20%, despite subdued conditions in European construction markets.

These results reflect the competitiveness of our solutions, the effectiveness of our commercial approach and the commitment of our teams.

Our relative scale and strong balance sheet allow us to capture growth opportunities and consistently outperform the underlying market. We have demonstrated this over the past three years, with progressively stronger results.

We are determined to build on this momentum. While construction markets continue to hold back, Recticel customers are clearly buying.”

OUTLOOK

The strong third-quarter performance reinforces our confidence in the Group's strategic direction and its progress towards the objectives of ELEVATE 2030.

While higher interest rates continue to weigh on construction activity, elevated energy prices are increasing the urgency of investing in insulation. More than ever, well-insulated buildings command a premium.

We upgrade our full-year 2026 adjusted EBITDA guidance to upwards of EUR 70 million.

Download Press Release (PDF)