Recticel First Half Results

FIRST HALF-YEAR 2015 RESULTS

ORGANIC GROWTH AND EFFICIENCY GAINS IMPROVE PROFITABILITY

• Combined sales growth of +4.7%
• Combined REBITDA growth of +15.7%
• Combined net financial debt reduced to EUR 137.5 million

Olivier Chapelle (CEO): “We are pleased with the positive developments in all our segments. In particular, the success of our growth initiatives in Insulation and Bedding have led to 9.7% and 5.9% top line growth respectively. In parallel, the Group has made further progress in its simplification and streamlining efforts.”

1. KEY FIGURES*

1.1. CONSOLIDATED DATA

• Sales: from EUR 494.0 million to EUR 519.1 million (+5.1%), including currency effects (+3.1%)
• EBITDA: from EUR 18.6 million to EUR 31.7 million
• EBIT: from EUR 4.3 million to EUR 16.9 million
• Result of the period (share of the Group): from EUR -6.5 million to EUR 5.0 million
• Net financial debt1: EUR 112.2 million (30 June 2015) (30 June 2014: EUR 161.3 million; 31 December 2014: EUR 168.3 million)

1.2. COMBINED DATA

• Sales: from EUR 637.8 million to EUR 667.5 million (+4.7%), including currency effects (+2.6%)
• Sales growth of 9.7% in Insulation, and 5.9% in Bedding
• REBITDA: from 37.0 million to EUR 42.9 million (+15.7 %)
• EBITDA: from 24.4 million to EUR 38.8 million (+59.0%)
• REBIT: from 19.2 million to EUR 24.8 million (+29.1 %)
• EBIT: from 6.5 million to EUR 20.0 million
• Net financial debt1: EUR 137.5 million (30 June 2015) (30 June 2014: EUR 191.8 million; 31 December 2014: EUR 194.5 million)

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