|
Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, today reported its preliminary unaudited financial results for the year ending 31 December 2019.
In 2019, Armacell achieved net sales of EUR 644.4 million, an increase of 5.6% vs. 2018 (EUR 610.3 million). This performance was driven by price and volume growth in the Advanced Insulation business as well as by the fast-growing global PET business. Armacell generated an adjusted EBITDA of EUR 133.5 million (2018: EUR 106.0 million). All businesses contributed to this positive development and the adjusted EBITDA margin reached 20.7%. The adoption of IFRS 16 added EUR 12.0 million to the adjusted EBITDA figure in 2019.
Commenting on...
|