Brussels – Business at Recticel is rebounding at a faster rate as the year progresses, and the second half should be as strong as the second half of 2020, according to the company’s CEO Olivier Chapelle.
'After the low activity point of April, our sales progressively rebounded in May and further accelerated in June,' he said in a statement. 'Combined with the current strength of our order books, this gives me confidence that we are now emerging from this extraordinary crisis.'
He added that in the second half of 2020, he expects the top line of the retained businesses to be back at the same level as the second half of 2019, provided no second wave of coronavirus occurs.
Recticel recently announced that it had completed the sale of its share in Eurofoam to its joint venture partner Greiner and that it had also sold a stake in its automotive components business.