Net sales rose by 19% to EUR 806 million by end of 2022
Adjusted EBITDA at EUR 121 million resulting in an adjusted EBITDA margin of 15%
New additions to the product range and continued M&A activity in APAC and EMEA
Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, today reported its preliminary unaudited financial results for the year ending 31 December 2022.
In 2022, Armacell realised net sales of EUR 806.0 million, an increase of 19.1% on 2021 (EUR 676.6 million). This performance was driven by sales price increases implemented
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