Recticel (RECT) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue increased by 6.1% year-over-year to EUR 168.1 million, driven entirely by acquisitions.

• Organic revenue was initially under pressure but rebounded strongly in March, with healthy orderbooks and high run rates at the start of April.

• Strategic investment initiatives, including a polyol recycling unit and a new Insulated Panels plant in Tennessee, are progressing on schedule.

Financial highlights

• Revenue for Q1 2026 reached EUR 168.1 million, up from EUR 158.4 million in Q1 2025, a 6.1% increase year-over-year.

• Growth was entirely attributable to acquisitions, with organic revenue under pressure from low raw material costs and sales prices.

Outlook and guidance

• Expectation of another year of growth, but no quantitative outlook provided due to geopolitical uncertainties.

• Anticipated significant price increases in Insulated Panels and Insulation Boards in Q2 2026.