Etex’s sustainable lightweight solutions drive very strong 2022 financial performance

Record revenue of EUR 3.714 billion, corresponding to an increase of 25.0% compared to 2021, attributable to both the performance of recently acquired European insulation leader URSA and Australian plasterboard activities, together with stable volumes and increased average selling prices. Like-for-like¹ this represents an increase of 13.3%.

Outlook for 2023: volatility and uncertainty are expected to remain, particularly for energy and raw material prices, but Etex believes that demand for its products and solutions will remain strong given their intrinsic sustainable value and the ongoing needs in renovation and new build. REBITDA margin expected to stay solid.