Net sales rose by 15% to EUR 677 million by end of 2021
Adjusted EBITDA at EUR 117 million resulting in an adjusted EBITDA margin of 17.3%
Volume growth in all divisions confirms the strength of the business model and proves Armacell’s resilience
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 2021.
In 2021, Armacell realised net sales of EUR 676.6 million, an increase of 14.6% on 2020 (EUR 590.5 million). This performance was driven by the continuing
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