1. Belgium Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Recticel SA

Recticel SA

10.94
EUR
-0.15
(-1.35%)
552.69MMarket Cap
Mar 04Next Earn
Recticel SA
IOB:0NHV
(London Stock Exchange (International))

Recent

price

10.94

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
38.08
38.92
29.23
28
27.75
23.23
19.59
20.98
20.45
15.98
11.18
8.09
10.53
9.47
10.88
11.63
- -
Revenue per Share
0.41
0.49
0.43
-1.04
-0.28
0.1
0.31
0.44
0.53
0.45
1.14
0.96
1.12
0.06
0.32
0.18
- -
Basic EPS, GAAP
1.34
0.59
-0.39
0.25
-0.45
-0.11
-0.02
0.21
0.15
0.21
-0.36
1.95
0.42
0.46
-0.11
0.04
- -
Free Cash Flow per Basic Share
0.2
0.22
0.23
0.24
0.16
0.13
0.14
0.18
0.22
0.24
0.24
0.26
0.29
0.31
0.31
0.31
- -
Dividend per Share
6.82
6.7
3.46
5.33
4.63
4.63
4.67
4.81
4.83
4.99
6.03
7.01
7.95
7.8
7.88
7.57
7.57
Book Value per Share
5.48
5.7
2.94
4.29
3.59
3.9
3.98
4.14
4.18
4.29
5.33
6.13
5.44
5.43
5.16
4.59
4.59
Tangible Book Value per Share
35
35
35
35
35
45
54
54
55
55
55
56
56
56
56
56
56
Basic Weighted Avg Shares
1,348
1,378
1,035
977
983
1,034
1,048
1,135
1,118
879
617
449
588
529
610
655
- -
Sales/Revenue/Turnover
2.85
3.01
2.99
-0.62
0.77
2.29
2.88
4.66
3.88
2.68
1.19
7.33
6.75
3.01
3.2
3.59
- -
Operating Margin (%)
44
40
31
30
26
28
30
29
30
54
27
13
21
23
31
31
- -
Depreciation Expense
15
17
15
-36
-10
5
16
24
29
25
63
54
62
3
18
10
- -
Net Income, GAAP
- -
31.29
28.22
- -
- -
57.59
40.6
40.39
26.14
3.56
- -
- -
54.21
- -
- -
- -
- -
Effective Tax Rate (%)
1.08
1.26
1.48
-3.7
-0.99
0.44
1.56
2.11
2.58
2.82
10.24
11.91
10.62
0.63
2.97
1.56
- -
Profit Margin (%)
75
28
34
-30
8
-23
31
51
4
-31
124
176
368
209
162
122
122
Working Capital
167
111
120
99
142
40
97
96
35
100
70
209
197
23
46
44
44
LT Debt
242
237
241
187
166
249
251
262
265
275
335
391
446
438
445
430
430
Total Equity
- -
6.66
4.76
- -
- -
1.88
3.36
6.24
5.91
4.95
- -
- -
2.48
- -
- -
- -
- -
Return on Invested Capital (%)
- -
6.64
6.09
- -
- -
2.48
5.66
7.21
8.14
6.98
- -
- -
9.31
- -
- -
- -
- -
Return on Capital (%)
6.26
7.28
6.42
-16.89
-5.52
2.19
6.53
9.32
10.95
9.18
20.75
14.79
14.96
0.75
4.12
2.34
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
12
10
10
LT Borrowings
24
22
27
LT Finance Leases
22
19
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
56
56
56
Market Capitalization
590
577
553

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
307
317
268
Cash, Cash Equivalents & STI
133
102
82
Accounts Receivable, Net
102
133
111
Inventories
55
64
56
Total Current Liabilities
144
166
146
Payables & Accruals
- -
- -
- -
ST Debt
12
10
10
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.92%
5.48%
-3.3%
Free Cash Flow
-239.56%
-194.16%
-134.19%
Net Income, GAAP
77.81%
62.14%
-43.75%
Sales/Revenue/Turnover
-2.67%
3.27%
7.35%
Total Cash Common Dividend
11.95%
5.77%
0.59%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
529
2024
- -
- -
610
2025
- -
- -
655

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.06
2024
- -
- -
0.32
2025
- -
- -
0.18

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.31
2024
- -
- -
0.31
2025
- -
- -
0.31
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Business
Recticel SA/NV Recticel SA/NV engages in the development, manufacturing and marketing of polyurethane-based insulation solutions across three main business segments including Insulation Boards, Insulated Panels and Acoustic Insulation. The company produces thermal and thermo-acoustic insulation boards such as polyurethane boards for building comfort and energy efficiency along with vacuum insulation panels under the Turvac brand; architectural insulated panels primarily using mineral wool for non-residential applications including modular space solutions along with polyisocyanurate (PIR) insulated panels; and acoustic absorption materials, barrier solutions, vibration damping products, gasketing and thermo-acoustic materials under the Soundcoat brand for use in technological innovations. Recticel SA/NV operates production facilities in 14 locations across seven countries with a primary focus on Europe including Belgium, France, the Netherlands, Germany, Slovenia and other European Union countries as well as the United Kingdom and the United States. Founded with origins tracing back to 1778 and headquartered in Brussels, Belgium, the company employs approximately 1,275 people and reported net sales of EUR 610.2 million in 2024. Recent strategic developments include the early 2024 acquisition of REX Panels & Profiles to expand its insulated panels portfolio with PIR technology; the October 2025 agreement to acquire a 70% stake in Kuras B.V. for EUR 4.2 million; and the November 2025 acquisition of a 76% controlling stake in Miclar Group, a Belgian specialist in industrial façade and roof solutions, to deliver integrated offerings.