Significant EBITDA Improvement
EBITDA improved by 125% year-on-year, with underlying EBITDA from core operations increasing by EUR 8.3 million to EUR 16.8 million, representing a 12.3% margin.
Accoya Volume Growth
Accoya demand was strong with global volumes growing 13%, including a 16% growth in North America.
Successful U.S. Expansion
Commissioning of Accoya USA was a major milestone, allowing the company to reduce exposure to large-scale CapEx commitments and positioning it well in the North American market.
Operational Cost Savings
Delivered operational cost savings of EUR 4.6 million, exceeding the target of EUR 3 million.
Improved Leverage Ratio
Leverage ratio improved from 4.4x to 2.5x, highlighting good progression in deleveraging the business.
Accoya Color Sales Growth
Accoya Color product sales volumes grew by an impressive 34% year-on-year.