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Etex has decided to link the cost of its EUR 600 million Sustainability Linked Loan with its performance in achieving sustainability targets. This Sustainability Linked Loan – where the interest margin is linked to the borrower’s fulfilment of environmental, social and governance criteria – has been granted by a syndicate of 10 banks and supervised by independent agency Sustainalytics.

E2E, a Chile-based joint venture founded by Etex, an international building materials specialist, and Arauco, a diversified global company active in the forestry industry, has signed a share purchase agreement to acquire a majority stake in Tecverde Engenharia, a Brazilian innovative building company specialised in wood-frame construction systems. The acquisition will enable both E2E and Tecverde to pursue their expansion plans. The completion of the deal is subject to the approval of the Brazilian Competition Authority (CADE) and other customary conditions.

Building materials group Etex plans to build a new plasterboard plant in Portbury close to the port of Bristol, in South West England. The capital expenditure will reach more than GBP 140 million, the largest investment of its kind in Etex history. This will be the fifth new plant since 2015. With the new Bristol facility, Etex will be ideally positioned to support the ongoing growth of the UK construction market and its customers. The plant is scheduled to be commissioned in 2022.

Etex reports a like-for-like growth in revenue of 6.7% and of 17.3% in REBITDA for the first half of the year. The REBITDA margin is up to 16.8% vs 15.2% at the end of June 2018 on a comparable basis1. The net recurring profit (Group share) is up 6.3% year-on-year.

In 2018, Etex’s top-line performance was solid, with a 4% like-for-like increase. Faced with manufacturing issues due to one-off manufacturing issues (mainly at Etex Roofing) and increased input costs (notably a negative energy price evolution), we were able to limit their impact, which explains our 2.8% like-for-like REBITDA decrease.

The Board of Directors of Etex NV invites the holders of securities issued by the Company to the annual general shareholders’ meeting followed by a special general shareholders’ meeting.