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Le site Clic Santé victime d une fuite de données
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Armacell: Malte Witt new Vice President EMEA
Malte Witt has been appointed as Vice President EMEA (Europe, Middle East & Africa) of Armacell, a specialist in flexible foam for the equipment insulation market and provider of engineered foams. Witt succeeds
Guillerme Huguen, who will take on the new position of Chief Strategic Development Officer.
Witt joined the company in 2008 as Global Marketing Director and from 2012 was responsible for the Southern European market as General Manager Europe South. In 2018, he took over the Asia-Pacific business as Vice President APAC and drove growth in such important markets as China, India, Korea, Singapore and Japan. On 1 April 2021, he returned to Europe as Vice President EMEA and will oversee the Europe, Middle East and Africa market, working from the company’s headquarters in Luxembourg. As Chief Marketing Officer he will also continue to lead strategic brand and product management.
L-Gam takes majority stake in wine closures company Vinventions
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DGAP-News: Armacell Financial Highlights 2020
Armacell Financial Highlights 2020 (news with additional features)
17.03.2021 / 08:45
Press release
Adjusted EBITDA of EUR 120 million with adjusted EBITDA margin of 20.2%
Proving a resilient and customer-focused business model in a challenging year
Luxembourg, 17 March 2021 - 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 2020.
In 2020, Armacell achieved net sales of EUR 590.5 million, a decrease of 8.4% vs. 2019 (EUR 644.4 million) and generated an adjusted EBITDA of EUR 119.6 million (2019: EUR 133.5 million). The adjusted EBITDA margin reached 20.2% (2019: 20.7%). The EBITDA margin resilience was mainly driven by the diversification in terms of geography, segments, market applications as well as Armacell s diversified product portfolio together with its ability t