Recticel NV/SA announced unaudited consolidated sales results for the third quarter and nine months ended September 30, 2017 and net debt as of ended September 30, 2017. For the third quarter, the company reported total consolidated sales EUR 278.9 million against EUR 250.1 million a year ago. Total combined sales EUR 356.0 million against EUR 318.1 million a year ago. The company's sales growth has accelerated to 11.9% during the third quarter of 2017, due to strong volume growth in Automotive and overall higher selling prices resulting from the pass-through of higher chemical raw material prices.

For the nine months, the company reported total consolidated sales EUR 844.9 million against EUR 784.5 million a year ago. Total combined sales EUR 1,082.8 million against EUR 1,004.1 million a year ago. On 30 September 2017, the consolidated net financial debt amounted to EUR 114.4 million against EUR 108.5 million a year ago, excluding the amount of EUR 66.9 million drawn under the factoring programs. Total consolidated net debt, including amounts drawn under off-balance non-recourse factoring programs, amounted to EUR 181.3 million.

The Group maintains its guidance for the full year 2017, the company expects continued growth of its full year 2017 combined sales and an increase of its full year 2017 REBITDA.