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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 2018. In 2018, Armacell increased net sales to EUR 610.3 million (2017: EUR 603.2 million) and Adjusted EBITDA to EUR 106.0 million (2017: EUR 102.1 million). This positive performance was achieved in the context of strong translational headwinds from a weakening US dollar, which over the year equates to approximately 4% of top line impact. To fuel the future growth of the company, Armacell made significant strategic investments into production site upgrades, product portfolio extensions and into innovation.
As part of its strategic investment program,...
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