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Investing.com -- Recticel shares fell 1.5% after the company reported third-quarter sales of €155.2 million, down 0.9% year-over-year and falling short of market expectations.
The quarterly revenue missed KBC Securities’ forecast by 7% and consensus estimates by 8%, representing a significant top-line disappointment.
Despite the sales miss, management reaffirmed its first-half guidance, maintaining its target of €55 million in adjusted EBITA for fiscal year 2025.
In its trading update, Recticel highlighted several strategic initiatives. The company acquired a 70% stake in Dutch firm Kuras BV for €4.2 million, strengthening its last-mile service and logistics capabilities in the Netherlands insulated panels market. This acquisition enhances delivery reliability and customer proximity, which Recticel considers a key differentiator for high-volume, time-sensitive panel installations.
Additionally, Recticel purchased the remaining 26% minority stake in Turvac d.o.o. (Slovenia) for €2.0 million, giving it full control of its vacuum insulation technology platform.
The company also reported that its greenfield investment in Tennessee, United States, remains on schedule. The construction of a dual-line mineral wool and PIR insulated panels facility is set to begin operations in Q4 2026, while the recycling plant is expected to be operational by the end of Q1 2026.
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