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News ETEX boosts sales and earnings in 2021

ETEX boosts sales and earnings in 2021

Written by Global Gypsum staff
04 April 2022
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Belgium: ETEX recorded consolidated net sales of Euro2.97bn in 2021, up by 14% year-on-year from Euro2.62bn in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 12% to Euro522m from Euro468m, while its profit for the year dropped by 1.4% to Euro198m from Euro201m. The group’s building performance recorded like-for-like sales growth of 21% from 2020 levels and of 15% from 2019 levels. Its gypsum wallboard volumes grew year-on-year, while strong demand in all regions except South Africa impacted some export businesses through supply chain issues and increased shipping costs. The company adapted its prices to offset a sharp rise in raw material and energy cost prices.

During the year, ETEX acquired a top-three Australian gypsum wallboard producer and completed its rebranding as Siniat. It also diversified with the launch of a fourth group division, new ways, which includes light steel framing production operations.

Published in Global Gypsum News
Tagged under
  • Belgium
  • Etex
  • Results
  • South Africa
  • volumes
  • growth
  • Australia
  • Siniat
  • Acquisition
  • light steel framing
  • business
  • costs
  • Shipping
  • supply
  • price
  • raw materials

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