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News Recitel’s nine-month sales fail to match growing volumes

Recitel’s nine-month sales fail to match growing volumes

Written by Global Insulation staff
04 November 2019
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Netherlands: Nine-month restated sales for Recitel fell by 7.3% year-on-year to Euro924m in September 2019 compared to Euro997m in the corresponding period of 2018. Despite ‘double-digit’ volume growth, insulation sales over the period fell by 4.5% to Euro193m from Euro202m due to pricing issues stemming from the loss of market share to fibre insulation as a lingering after-effect of the isocyanate shortage of 2017. The company noted the ‘ramping-up’ of production at its new plant in Finland, with all products now certified for sale in the Nordic countries. Recticel CEO Olivier Chapelle noted the continued substantial decrease in debt as a positive in the period.

Last modified on 16 December 2019
Published in Global Insulation News
Tagged under
  • Netherlands
  • Recitel
  • Results
  • volumes
  • Finland
  • Plant
  • Product
  • certification
  • GGM45

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