Welcome 2018 Highlights Downloads

Etex Industry

Etex Industry, established in 2016, offers fire protection and high performance insulation solutions for a variety of applications in markets around the world.

Thanks to our focus on commercial excellence in 2018, we are about a full year ahead of our strategy.

Steven Heytens, Head of Etex Industry

How do you feel about the success of Etex Industry in delivering on its 2018 strategy and growth plan?

What were the division’s main performance drivers? We were truly ahead of plan in 2018. The economic context for Etex Industry was excellent, and we have been outperforming our markets. We have recorded 4.6% growth in like-for-like revenues. REBITDA was also ahead of plan, and two and a half times higher than just two years ago.

Our people and a clear focus on high growth segments are the main contributors to our success. We put a new cost structure into place that aligns with market potential, enabling us to lower our costs over sales ratio quite significantly. Add to that our stable margins, and the result is clear: we are about a full year ahead of our strategy.

What were the megatrends affecting Etex Industry’s performance in 2018?

Our customers are constantly looking for lighter and cost effective products that help with energy management and fire protection in a wide range of segments, from heavy industry and aerospace toappliances and smart heating.

As a technology leader and a niche player, we offer unique solutions that help original equipment manufacturers save on energy costs, run greener and operate more safely. For example, we are the market frontrunner in microporous and calcium silicate and offer high performance cementitious spray solutions available nowhere else.

Revenue evolution of Etex Industry

2017-2018 Revenue evolution: +3.8%

165
152
164
170
in million euro

Operating countries

Albania
Austria
Belgium
Brazil
China
Cyprus
Czech Republic
Denmark

France
Germany
India
Israel
Italy
Japan
Malaysia
Poland

Spain
South Africa
South Korea
Sweden
The Netherlands
UAE
UK
USA

Belgium
Brazil
China
Cyprus
Czech Republic
Denmark
France
Germany
India
Israel
Italy

Japan
Malaysia
Poland
Spain
South Africa
South Korea
Sweden
The Netherlands
UAE
UK
USA

Product spotlight: Microporous solutions

Over a decade ago, Etex Industry opened discussions with the multinational pipeline firm ITP and quickly identified the France-based company as a potential key partner. At the time, ITP was searching for the ideal producer of high performing insulation material to insulate the pipelines of customer projects. Our willingness to improve our products in line with ITP’s requirements makes us a key supplier. Because our microporous solutions perfectly suit ITP’s needs, we offer a unique, high-quality, high performance product that nobody else can offer. It gives them an edge over their competition.