Welcome 2018 Highlights Downloads

Etex Building Performance

As Etex’s largest division, Etex Building Performance provides world-leading plasterboards, fibre cement building boards, passive fire protection and dry construction solutions. Etex Building Performance is the market leader in Latin America and a top three player in Europe for plasterboard. Its Promat products are the leading reference in passive fire protection.

2018 was a year of momentum and honed purpose. Based on our strong performance, we’re looking at a promising future.

Per-Olof Algotsson, Head of Building Performance

Can you give a high-level overview of the division’s achievements throughout 2018?

Performance-wise, Etex Building Performance has had a solid year, with strong sales growth mainly attributable to the recovery recorded in France as well as to a continued positive trend in the UK and Eastern Europe. In Europe, only Germany had a more difficult year mostly due to difficult market conditions and strong competition generating price pressure.

Outside Europe, sales have also grown considerably, especially in Latin America (with the exception of Colombia and Peru) and Africa, partially due to high inflation in some countries but also to a strong volume increase, especially in Brazil. In the Middle East, our sales were down.

Though our top-line evolved very positively, we faced a strong increase in our input costs, due to the energy price evolution but also to the challenge to find transporters in Western Europe. This situation impacted our margin rate. In 2018 a restructuring plan was implemented to streamline the organisation and to make it more agile. We decided to adapt the organisation to the local situation, announced the discontinuation or combination of some activities with the ambition to deliver sustainable operations and overheads savings as from early 2019.

Revenue evolution of Etex Building Performance

2017-2018 Revenue evolution: +8.1%

1,432
1,448
1,526
1,650
in million euro

Operating countries

Argentina
Australia
Austria
Belgium
Brazil
Chile
Colombia
Croatia
Ecuador

France
Germany
Hong Kong
Indonesia
Italy
Malaysia
Nigeria
Peru

Poland
Romania
Serbia
Singapore
Slovenia
South Africa
Spain
The Netherlands
UK
Ukraine

Argentina
Australia
Austria
Belgium
Brazil
Chile
Colombia
Croatia
Ecuador
France
Germany
Hong Kong
Indonesia
Italy

Malaysia
Nigeria
Peru
Poland
Romania
Serbia
Singapore
Slovenia
South Africa
Spain
The Netherlands
UK
Ukraine

Product spotlight: Solidtex

Working alongside the R&D teams in Avignon, France, the Siniat Italy team developed a brand-new material with an ultra-highdensity core: Solidtex. It has a density of 1,200 kg per m³ – an industry first. It also features Class 2 burglar resistance, is 100%-recyclable and composed of 50%-recycled materials. Even more, it’s acoustically certified up to 73 decibels. Unlike its competition, Solidtex is easy to install, for more efficient building projects. After a full year of sales, Solidtex has established a brand-new client base and contributed to our plasterboard sales volumes in Italy.