Recticel NV Announces Unaudited Earnings Results for the First Quarter of 2012; Provides Earnings Guidance for the Year 2012
May 08, 2012 at 11:13 pm EDT
Recticel NV announced unaudited earnings results for the first quarter of 2012. For the quarter, the company announced total consolidated sales decreased from EUR 359.6 million to EUR 351.1 million a year ago. Net financial debt of EUR 170.0 million compared to EUR 150.1 million at December 31, 2011. The net financial debt has been mainly influenced by a seasonal working capital build-up.
The Board of Directors reiterates that it is not in a position to assess the growth potential in 2012.