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In the first half of 2023, Etex coped with an overall slowdown of the construction sector – both in new build and renovation – triggered by several elements leading to high volatility and uncertainty such as inflation that puts pressure on consumers’ buying power, higher interest rates and more restricted loan policies by banks. However, Etex managed to record improved sales compared to the first half of 2022 through swift adaptations to challenging market contexts and cost-to-price monitoring. While our volumes are slightly impacted, margins remain strong.

Since the Russian invasion of Ukraine, Etex has been looking at all options to fully exit Russia, taking into account all aspects, including teammates working in the country.

Etex, the global building materials manufacturer and pioneer in lightweight construction, closed the acquisition of UK insulation producer Superglass. With this deal, Etex extends its European footprint for sustainable insulation beyond its existing presence with glass mineral wool and extruded polystyrene manufacturer URSA.

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.

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 Annual Report 2022 – First-ever combined report Etex, the global building material manufacturer and pioneer in lightweight construction, released its first-ever combined annual report. In this report, the company presents on an equal footing its economic, social and environmental footprint and performance. The document highlights how Etex brought sustainable answers to the urgent challenges of 2022. Sustainability milestones include a decrease of almost 20% of absolute CO₂ emissions (scopes 1 and 2) and 26.5% less waste sent to landfill in the past five years.