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Recticel NV (RECT.BR)

RECT.BR on Brussels Stock Exchange

9.39EUR
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Recticel Q3 total consolidated revenue up at 278.9 million euros
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - RECTICEL NV ::‍GROUP MAINTAINS ITS GUIDANCE FOR FULL YEAR 2017​.‍COMBINED SALES INCREASED FROM EUR 318.1 MILLION IN 3Q2016 TO EUR 356.0 MILLION IN 3Q2017 (+11.9%)​.Q3 TOTAL CONSOLIDATED REVENUE EUR ‍​278.9 MILLION VERSUS EUR 250.1 MILLION YEAR AGO.‍EXPECTS THAT ALL COSTS AND DAMAGES FROM POLLUTED TDI WILL BE RECUPERATED FROM SUPPLIER AND/OR INSURANCE COMPANIES​.  Full Article

Recticel provides update on non-conform BASF TDI issue
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - RECTICEL NV ::RECTICEL PROVIDES AN UPDATE ON THE NON-CONFORM BASF TDI ISSUE.‍ALL AFFECTED SITES HAVE RESTARTED PRODUCTION WITH CONFORM TDI AFTER NON-CONFORM BASF TDI ISSUE​.ALL AFFECTED FOAM PRODUCTS STILL IN THE RECTICEL SITES HAVE BEEN QUARANTINED‍​.‍BASF OFFERS TO COLLECT ALL FOAM PRODUCTS PRODUCED WITH NON-CONFORM BASF TDI.RECTICEL HAS COMPLETED THE TRACEABILITY EXERCISE TO IDENTIFY ALL AFFECTED FOAM DELIVERIES‍​.‍BASF STATES THERE IS NO HEALTH RISK.  Full Article

Recticel affected by supplies of non-conform TDI from BASF
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - RECTICEL NV ::AFFECTED BY NON-CONFORMING TDI SUPPLIES BY BASF‍​.HAS TAKEN IMMEDIATE PRECAUTIONARY MEASURES IN AFFECTED SITES, WITH A TEMPORARY STOP IN PRODUCTION AND DELIVERIES‍​.RECTICEL IS COMMITTED TO LIMIT THE IMPACT FOR ITS CUSTOMERS TO THE MAXIMUM EXTENT POSSIBLE‍​.HAS BEEN NOTIFIED BY BASF THAT BETWEEN 25 AUG AND 29 SEPT POLLUTED TOLUENE DIISOCYANATE WAS SUPPLIED BY BASF PLANT.‍POLLUTED TOLUENE DIISOCYANATE ("TDI") HAS BEEN SUPPLIED BY BASF PLANT IN LUDWIGSHAFEN (GERMANY) TO FIVE RECTICEL SITES‍​.HAS INFORMED CUSTOMERS AFFECTED BY ISSUE, IS WORKING WITH BASF TO CONDUCT SAMPLE TESTING AND RISK ASSESSMENT ON THE NON- CONFORM TDI‍​.CONSEQUENCES OF THIS QUALITY ISSUE ARE EXPECTED TO BE RESOLVED IN DUE COURSE.PRODUCTION AND DELIVERIES PROGRESSIVELY RESUMING ALREADY IN THE COMING DAYS‍​.  Full Article

Recticel 3Q sales down at 318.1 million euros
Monday, 31 Oct 2016 

Recticel Nv : Trading update 3rd quarter 2016 . Combined 3Q sales: from 323.4 million euros to 318.1 million euros ($348.92 million); -1.6 pct including adverse currency impact of -2.8 pct . Combined year-to-date 9 month sales: from 990.8 million euros to 1,004.1 million euros; +1.3pct including adverse currency impact of -1.9 pct . Combined net financial debt1: 131.9 million euros(30 june 2016: 132.9 million euros; 30 September 2015: 123.1 million euros) . Profitability improvement year-to-date 9month driven by higher volumes and efficiency gains . Group confirms outlook it provided at occasion of publication of first half- year 2016 results. . For full year 2016, group expects its combined sales to increase thanks to a combination of volume growth and positive product-mix . For full year 2016 group expects its combined REBITDA to increase by at least 15 pct in 2016 ."Adverse forex differences, mostly influenced by the GBP/EUR evolution, and lower selling prices compared to Q3 2015, more than offset positive effect of strong volumes" - CEO.  Full Article

Recticel H1 EBITDA rises to 41.0 million euros
Friday, 26 Aug 2016 

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 

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 

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