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The Annual and Extraordinary Shareholders’ meetings of Etex will be held on Wednesday 25 May 2022 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.

In 2021, and for the fourth year in a row, I am pleased to report that Etex delivered significant growth. The company reached record results in revenue, REBITDA, REBITDA margin and net recurring profit, while the level of free cash flow generation reached new heights compared to 2019 – 2020 being an “abnormal year” due to the COVID-19 pandemic. These outstanding results can be attributed to a number of factors: a booming demand (especially in the home repair and renovation segment); increased margins thanks to cost-to-price monitoring and increased efficiency in manufacturing activities; and the positive impact of the savings initiatives launched in 2020. More importantly, the results tell us that people still dream about a better place to live, inspired by Etex.

The new year sees Etex consolidate its portfolio of sustainable business activities through the acquisition of URSA, a European leader in insulation solutions. Etex secures a new business growth platform through the deal, alongside an opportunity to continue playing a pivotal role in addressing sustainability challenges. By adding insulation expertise to its plasterboard, fibre-cement, passive fire protection and modular offering, Etex will also extend its ability to provide systems and solutions. This latest acquisition is subject to customary closing conditions.

To help several families affected by last summer’s floods in Belgium, five high-quality, sustainable houses built in two weeks are being donated by the Belgian company Etex. Installed in Rochefort and Pepinster, this new type of modular construction is expected to expand in the future to meet needs and new trends in the housing sector. Walloon Minister for Housing Christophe Collignon welcomes this approach.

Marking a first in its history, global building material manufacturer and pioneer Etex has just released its 2020 Sustainability Report. Published digitally, the report zooms in on how Etex’s sustainability initiatives and actions progressed throughout the past year.

Like-for-like, our top-line increased with 27%, while our REBITDA reached a 60% increase and our net recurring profit (Group share) more than doubled last year’s result. Reporting our results not only year-on-year, but also compared with H1 2019, allows readers to analyse the performance in the light of the last “normal” year we have experienced.