Recticel Trading update first quarter 2023
- Net sales increase from €111.2 million in 2022 to €122.2 million (+9.8%) in 2023, including a -1.3% currency effect, and including the sales of Trimo for 2023
- Net financial debt: €276.8 million (31 December 2022: €261.7 million)
Olivier Chapelle (CEO Recticel): “In the first quarter of 2023, the European construction market has remained very challenging due to high inflation and interest rates. Reducing disposable income, coupled with expensive building materials, has led the market to further weaken. During this quarter, our volumes have been under pressure, ending up materially below the volumes of the first quarter of 2022. Our teams remain focused on adapting to this changing environment."
Today Recticel also published the 2022 Integrated Annual Report “Sustainable progress through insulation”.
We invite you to discover the report on our website.