In its trading amend of 26 April 2017, Recticel accent the arduous and aberrant raw actual amount increases prevailing in the polyurethane industry due to a abbreviating accumulation of isocyanates (TDI and MDI).
Recticel announces today that the bearings has added attenuated due to a new force majeure at Covestro and start-up issues at Huntsman, both pertaining to the assembly of MDI (methylene diphenyl diisocyanate). As a consequence, MDI is no best accessible in acceptable quantities. This abbreviation is affecting the Insulation business of Recticel, arch to a abbreviation of its assembly achievement by about 15%, and is not accepted to advance afore July 2017. In 2016, the Insulation analysis represented 16.4% of the Group’s accumulated sales.
While the all-embracing raw actual bearings will advance the Group’s 1H2017 accumulated REBITDA to abide beneath the 1H2016 accumulated REBITDA, Recticel re-iterates the abounding year advice provided at the break of its 1Q2017 trading amend to abound its abounding year 2017 accumulated REBITDA.
Annual General Meeting
Ex-coupon date Record date
Dividend acquittal date First half-year 2017 results
Third division 2017 trading amend Annual Results 2017
First division 2018 trading amend Annual General Meeting
First half-year 2018 results
Third division 2018 trading update
30.05.2017 (at 10:00 AM CET)
31.08.2017 (before aperture of the banal exchange)31.10.2017 (before aperture of the banal exchange23.02.2017 (before aperture of the banal exchange)26.04.2018 (before aperture of the banal exchange)29.05.2018 (at 10:00 AM CET)
29.08.2018 (before aperture of the banal exchange)
30.10.2018 (before aperture of the banal exchange)
RECTICEL – Olympiadenlaan 2, B-1140 Brussels (Evere)
Mr Olivier Chapelle
Tel: 32 2 775 18 01
Mr Michel De Smedt
Mobile: 32 479 91 11 38
Recticel is a Belgian Group with a able European dimension, but it additionally operates in the blow of the world. Recticel employs 7,925 bodies in 98 establishments in 28 countries.
Recticel contributes to circadian abundance with cream bushing for seats, mattresses and bulk bases of top brands, insulation material, autogenous abundance for cars and an all-encompassing ambit of added automated and calm applications.
Recticel is the Group abaft acclaimed bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment high- affection thermal insulation articles are marketed beneath the acclaimed brands Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®. Technological advance and addition accept led to advance at the better names in the Automotive industry acknowledgment to Colofast®, Colosense® and Colosense Lite®.
In 2016 Recticel accomplished accumulated sales of EUR 1.35 billion (IFRS 11 circumscribed sales: EUR 1.05 billion). Recticel (Euronext: REC – Reuters: RECTt.BR – Bloomberg: REC:BB) is listed on Euronext in Brussels.
The columnist absolution is accessible in English, Dutch and French on the website www.recticel.com
Recticel SA appear this agreeable on 12 May 2017 and is alone amenable for the advice independent herein.Distributed by Public, unedited and unaltered, on 12 May 2017 07:14:27 UTC.
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