Etex at a glance
Inspiring Ways of Living
Etex focuses on lightweight solutions to build a world that rises above its biggest challenges: scarce resources, huge housing needs, rapid urbanisation, climate change… Lightweight is a complete construction method, combining innovative solutions for interiors and exteriors. These include fibre cement and plasterboard applications, offsite modular building systems, and leading fire protection and insulation. Lightweight enables people to build faster, better and more eco-friendly. Etex exists to inspire living spaces that are ever more safe, sustainable, smart and beautiful.
Discover our purpose & strategy
Safety framework
“Safety is key, it’s up to you and me.”
It is the responsibility of every single Etex colleague.
Our safety logo is often one of the first things our employees see when they arrive at work.
Our presence in the world
Etex operates over 140 facilities in 45 countries. We are globally organised and locally embedded to meet the specific expectations of every client: architect, construction company, distributor, contractor, installer, specifier and homeowner. Our sites provide all building blocks to bring our lightweight solutions to the world: innovation and technology centres, quarries, factories and full technical support for plasterboard, fibre cement, fire protection, insulation and offsite modular building.
Major employer
Inspiring ways of living is the result of the efforts of Etex teammates around the world. At Etex we are all part of a global and local community, supporting a portfolio of regional and global commercial brands. True to our Etex sense of purpose and values we are inspiring colleagues for each other and inspiring partners for our customers. We are highly ambitious to make a difference in improving quality of living for all. As inspiring partners - whether in supporting services or in manufacturing - we work together with a high level of engagement to provide ever more effective lightweight solutions every day.
To enhance the world with ever better living space, we need to create value together. By doing better and acting quickly. By enabling people to experiment and sometimes fail. By enjoying outperformance.
Revenue
Our financial performance is is delivered through our efforts towards profitable growth, relentless operational performance and our highly engaged team. Etex has a strong financial track record. Although the COVID-19 lockdown impacted our revenue in 2020, this drop proved lower than the global economic recession. Etex’s net recurring profit was significantly up by 15.1% to EUR 215 million. The free cash flow before dividends, acquisitions and disposals of businesses reached, for the second year in a row, its highest historical level, at EUR 313 million. Combined with the successful disposal of non-core businesses, the net debt decreased to EUR 15 million, its lowest level ever.
in EUR million
2021 revenue breakdown by geography
in EUR million
Net recurring profit (Group Share)
An industrial company with a proven history and a promising future
Over a century of sustainable profitable growth
1905
Alphonse Emsens founds the Eternit fibre cement factory in Haren near Brussels in 1905 after acquiring the manufacturing technology
from Austrian industrialist Ludwig Hatschek
2011
2020
Etex finalises its strategic shift by completely exiting its Residential Roofing activities. Acquisition of FSi (UK) and a majority stake in Tecverde (Brazil; through the joint venture E2E).
