Embracing a new future

2021 Annual Report

The FSC® certification provides an assurance that the wood and paper used for this annual report have been harvested in a socially and environmentally responsible manner. The FSC's Chain of Custody certification provides a way in which the material can be tracked from the certified initial source through the manufacturing process to the end user.

Our impact on climate change

Over the lifetime of their use, the insulation products we sold in 2021 will offset

our total 2021 carbon footprint by 51 TIMES*

* Ratio between avoided emissions and carbon footprint scope 1,2 & 3. It is based on 2021 revenues of the business lines Insulation, Bedding and Engineered Foams, excluding FoamPartner which was acquired on 31 March 2021.

CLIMATE POSITIVE MULTIPLE CARBON FOOTPRINT INDICATOR CARBON INTENSITYRECYCLING

SUSTAINABLE R&D PROJECTS

Embracing change

30 June 2020

  • • Closing of divestment Automotive Interiors business line

  • • Closing of divestment Eurofoam joint venture

26 February 2021

  • • Launch of divestment process Bedding business line

1 April 2021

  • • Closing of FoamPartner acquisition

  • • Integration of Flexible Foams & FoamPartner to create Engineered Foams business line

19 February 2019

10 November 2020

19 March 2021

19 May 2021

• Closing of divestment

• Announcement of acquisition

• Announcement of acquisition

• Greiner AG launches

of Proseat joint

FoamPartner

Gór-Stal Sp. z o.o.

unsolicited offer on

venture

• Two-leg strategy with focus on

(board business)

Recticel

Insulation and Engineered Foams

11 October 2021

  • • Strategy update with focus on Insulation

    18 November 2021

    December 2021 06/12

  • • Announcement of intended divestment of Engineered Foams to Carpenter Co.

  • • SGM approves divestment of Engineered Foams business line to Carpenter Co.

07/12

  • • Announcement of binding agreement with Carpenter Co.

    for divestment of Engineered Foams business line 24/12

  • • SGM approves divestment of Bedding business line to Aquinos Group

28 February 2022

  • • Baltisse NV buys 22.6% of Recticel shares from Greiner AG

April 2022 14/04

  • • Exercising put option to sell 25% in Proseat JV to Sekisui Greiner 29/04

  • • Closing ofTrimo d.o.o. acquistion

  • • Announcement of binding agreement with Aquinos Group for divestment Bedding business line

11 January 2022

  • • Greiner AG unsolicited offer expires

March 2022 21/03

  • • Announcement of acquisition of Trimo d.o.o.

31/03

  • • Closing of Bedding business line divestment to Aquinos Group

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Recticel SA published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 16:07:03 UTC.