Adjusted EBITDA across in the division rose 18.2% to EUR 49.0m in 2019.
Olivier Chapelle, CEO, said: 'Our flexible foams division delivered a record performance, in spite of lower volumes.'
The company's bedding business generated sales in 2019 that were equal to the 2018 figure, at EUR 242m. Adjusted Ebitda across in the division increased by 80.7% to EUR 12.4m in 2019.
Olivier Chapelle, CEO said '[The] bedding division strongly improved profitability driven by a gradually improving volume trend over the year, an improved product-mix following the introduction of new product ranges, and further cost rationalisation measures.'
Sales in the company's insulation business sales fell 8.9% between 2018 and 2019, to EUR 247m. Adjusted Ebitda across in the division dropped by 36.3% to EUR 28.5m in 2019.
Chapelle added: 'Our insulation division has grown volumes in 2019, but has seen its profitability reduced due to margin erosion.'
He said that this was on the back of intensified competition in its main markets, in combination with the ramp-up costs of its new Scandinavian facility.
The company's Automotive business, which is up for sale, generated sales of EU224bn in the 2019 period, down 2.6% between 2018 and 2019. Adjusted EBITDA fell 26.8% to EUR 14.4m in 2019.
This business managed to perform better than other businesses in the sector, according to Chapelle. He said: 'Considering the overall turmoil in the sector, especially in China, our automotive division has adapted itself and managed to limit the impacts on its profitability when compared to sector peers.'
He added that the interiors business is still up for sale, but that unfavourable market circumstances and recent developments in the Chinese market mean the process is continuing.
The outlook for 2020 is unclear, he said. However, the company is aiming for an increase in adjusted EBITDA.