Recticel (GB:0NHV) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Recticel reports a robust first half of 2024 with net sales increasing by 12.2% to EUR 298.6 million and adjusted EBITDA up by 37.9% to EUR 25.1 million. The company has seen double-digit organic volume growth in its Insulation Boards and Insulated Panels, despite flat or contracting Western European markets. CEO Jan Vergote highlights successful expansion, product launches, and Recticel’s net-zero targets being approved by SBTi, with a positive outlook for continued growth in the second half of the year.
For further insights into GB:0NHV stock, check out TipRanks’ Stock Analysis page.
