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Etex resists to a challenging market context and delivers strong and improving 2023 results, preparing for further growth
Etex resists to a challenging market context and delivers strong and improving 2023 results, preparing for further growth
Even more so than 2022, 2023 was a challenging year marked by volatility, uncertainty, and severe drops in demand across the world as we observed the continued impacts of increased energy prices and interest rates. Combined with tougher financing possibilities by banks, all these circumstances meant that both renovation and new construction levels dropped globally. Devaluation of some foreign currencies and hyperinflation accounting also had significant effects on our results. Despite all these challenges, I am extremely proud to share that Etex navigated these difficult waters very well and delivered yet again another record year. This includes our highest ever revenue and REBITDA, among others.
Annual and Extraordinary Shareholders’ Meetings 24 May 2023
Annual and Extraordinary Shareholders’ Meetings 24 May 2023
The Annual and Extraordinary Shareholders’ meetings of Etex NV will be held on Wednesday 24 May 2023 at 15:00 CEST at the registered office of the Company, PassPort Building, Luchthaven Brussel Nationaal, Gebouw 1K, 1930 Zaventem or at such other place indicated at that place at that time.
Etex completes the acquisition of speciality insulation expert Skamol and broadens its sustainable offering
Etex completes the acquisition of speciality insulation expert Skamol and broadens its sustainable offering
Today marks an important milestone for Etex, the lightweight construction pioneer. The company closed the acquisition of Skamol, a manufacturer of fire protection and specialty insulation materials. This new acquisition further consolidates Etex’s portfolio of sustainable solutions in a market that is strongly supported by the need for energy efficient insulation products and solutions. Skamol and Etex - through its passive fire protection and high-performance insulation business - are complimentary in terms of products and geographies, allowing the combined organisations to broaden their offering in high-temperature insulation for building and industrial applications.