Full-year 2022 results and outlook

Prices up 14.8% YoY, in response to inflation
in raw materials, energy and transport costs.

Volumes down 7.8% YoY
• Slowdown in EU construction
• Significant destocking in H2 following the growth
of the construction market since summer 2020
→ EBITDA up 15.8% YoY
• Evolution in product mix toward higher
value- added applications
→ EBITDA margin holding up well at 12.6%,
despite mechanical dilutive impact of price
increases of close to 2 points.