Recticel SA

RECT

Equity

ISIN BE0003656676 / Valor 446354

Euronext - Euronext Brussels (2024-12-23)

EUR 10.50+3.35%

Recticel SA
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About company

Recticel SA is a pure play insulation company that focuses on providing insulation solutions to combat climate change and promote a carbon-free economy. The company is dedicated to keeping the investment, banking, and financial communities informed about market trends and the Group's performance. Recticel's Investor Relations Department closely monitors global and sector equity markets to ensure alignment between market expectations and the Group's goals. Additionally, the department effectively communicates investor feedback to Recticel's top executives and Board of Directors.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

Recticel SA reported a revenue decline for Q1 2023, with sales dropping from EUR 587.8 million in the same period of the previous year to EUR 529.4 million. This represents a decrease of approximately 9.9% year-over-year.

Profitability Impact

The company's gross profit also saw a reduction in Q1 2023, falling from EUR 113.4 million in Q1 2022 to EUR 90.1 million. This decline in gross profit reflects a decrease in the gross profit margin from 19.3% to 17.0%.

Operating Profit

Recticel SA's adjusted operating profit for Q1 2023 was EUR 15.9 million, down from EUR 43.8 million in Q1 2022. The operating profit margin also decreased from 7.4% to 3.0% during this period.

Net Financial Debt

As of Q1 2023, Recticel SA reported a significant improvement in its net financial debt, which turned from EUR 250.0 million in Q1 2022 to a net financial asset position of EUR 161.9 million. This shift indicates a stronger financial position for the company.

Earnings Per Share

For Q1 2023, Recticel SA's earnings per share (EPS) from continuing operations were reported at EUR -0.16, compared to EUR 0.24 in Q1 2022. The EPS from discontinued operations was EUR 0.22, down from EUR 0.88 in the previous year.

Summarized from source with an LLMView Source

Key figures

-1.50%1Y

-39.5%3Y

27.4%5Y

Performance

27.8%1Y

33.1%3Y

38.3%5Y

Volatility