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Recticel NV (RECT.BR)

RECT.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Recticel says shortage in MDI is affecting insulation business, not expected to improve before July 2017
Friday, 12 May 2017 01:14am EDT 

May 12 (Reuters) - Recticel Nv ::SAYS RAW MATERIAL PRICE SITUATION HAS FURTHER DETERIORATED DUE TO A NEW FORCE MAJEURE AT COVESTRO AND START-UP ISSUES AT HUNTSMAN.SAYS SITUATION AT COVESTRO AND HUNTSMAN ARE BOTH PERTAINING TO PRODUCTION OF MDI (METHYLENE DIPHENYL DIISOCYANATE).SAYS SHORTAGE IN MDI IS AFFECTING INSULATION BUSINESS OF RECTICEL, CURTAILING PRODUCTION OUTPUT BY ABOUT 15%, NOT EXPECTED TO IMPROVE BEFORE JULY 2017.SAYS OVERALL RAW MATERIAL SITUATION WILL LEAD GROUP'S 1H2017 COMBINED REBITDA TO REMAIN BELOW 1H2016 COMBINED REBITDA.RE-ITERATES FULL YEAR GUIDANCE PROVIDED AT OCCASION OF ITS 1Q2017 TRADING UPDATE TO GROW ITS FULL YEAR 2017 COMBINED REBITDA.  Full Article

Recticel Q1 combined sales growth of +5.7 pct
Wednesday, 26 Apr 2017 01:08am EDT 

April 26 (Reuters) - Recticel NV ::Q1 combined sales growth of +5.7 pct, despite an adverse currency impact of -1.2 pct.Group expects continued growth of its combined sales in 2017.Recticel still expects its full year 2017 combined REBITDA to increase.Challenging raw material price increases leading to necessary price adjustments towards its customers.Main business challenge that recticel is currently facing relates to unprecedented pace of raw material price increases.  Full Article

Recticel to invest at least EUR 20 mln in UK business
Thursday, 9 Mar 2017 10:10am EST 

Recticel NV : To invest into new production capacity for its insulation business in UK, and to create new jobs .Investment is expected to amount to at least 20 million euros ($21.2 million), and start of production is planned in 3rd quarter of 2018.  Full Article

Recticel Insulation division plans to invest in the UK
Wednesday, 8 Mar 2017 01:54am EST 

Recticel NV : Its insulation division plans to invest in additional production capacity in the United Kingdom, in order to enable further growth with its customers . Insulation division will increase by at least 50 percent its capacity in the United Kingdom . Additional capacity will be used to produce high performance rigid polyurethane foam ("pir") panels for thermal insulation for construction sector .Investment is expected to amount to at least 20 million euros ($21.12 million), and start of production is planned in Q3 2018.  Full Article

Recticel FY EBITDA 72.7 mln euros, up 37.5%
Monday, 27 Feb 2017 01:00am EST 

Recticel NV : Proposal to pay a gross dividend of 0.18 euro per share . For full year 2017, group expects continued growth of its combined sales, and to increase its combined REBITDA . FY revenue 1.05 billion euros ($1.11 billion) versus 1.03 billion euros year ago . FY EBITDA: from 52.9 million euros to 72.7 million euros(+37.5%) . FY result of period (share of group): from 4.5 million euros to 16.3 million euros . Q4 had positive development despite a negative currency effect of -2.9 percent mainly from Pound Sterling and Polish Zloty Further company coverage: [RECT.BR] ($1 = 0.9465 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Recticel's capital increased following exercise of 9,690 warrants
Friday, 23 Dec 2016 12:00pm EST 

Recticel NV : On 23 December 2016 its share capital has been increased following exercise of 9,690 warrants of warrant plan issued on 22 December 2011 .This resulted in issuance of 9,690 new ordinary shares, which are admitted for trading on Euronext Brussels as of 27 December 2016.  Full Article

Recticel H1 EBITDA rises to 41.0 million euros
Friday, 26 Aug 2016 01:12am EDT 

Recticel SA : H1 EBITDA 41.0 million euros ($46.28 million) versus 31.7 million year ago . H1 sales 534.5 million euros versus 519.1 million euros year ago . H1 net profit group share 15.5 million euros versus 5.0 million euros year ago . For full year 2016, group expects its combined sales to increase thanks to a combination of volume growth and positive product-mix .Expects its combined rebitda to increase by at least 15 pct in 2016.  Full Article

Recticel and Covestro join forces on new CO2 based polyol
Tuesday, 12 Jul 2016 12:23pm EDT 

Recticel SA : Recticel and Covestro <1COV.DE> join forces on new CO2 based polyol .New technology will be implemented in Q4.  Full Article

Recticel Q1 combined sales growth of +0.6%
Friday, 6 May 2016 12:59am EDT 

Recticel SA : Combined sales increased from 343.4 million euro ($391.7 million) in Q1 2015 to 345.5 million in Q1 2016 (+0.6%) . Q1 combined sales growth of +0.6 pct, despite an exchange rate impact of -0.8 pct . FY combined REBITDA is expected to improve by about 10 pct .For full year 2016, group expects its combined sales turnover to increase.  Full Article

Recticel invests 10 million euros in insulation plant
Tuesday, 8 Dec 2015 11:55am EST 

Recticel SA:Recticel invests 10 million euros in the expansion and upgrade of its insulation plant in Belgium.It is expected that 20,000 m² expansion will become operational early 2017.  Full Article

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