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.