Armacell Financial Highlights 2021
• 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 and ArcSite Partner to Simplify Turf Estimation
Armacell is pleased to announce a partnership with ArcSite®, a mobile estimating app affiliated with industry leaders and manufacturers. ArcSite® now has ArmaSport Turf Underlayment shock pad materials and built-in estimation tools in its product library, making on-site estimating easier and faster. Businesses can easily customize their ArcSite environment to include Armacell artificial grass shock pad products thanks to this new partnership.
Armacell Strengthens its Presence in Japan
Armacell acquires SpiderPlus & Co. Ltd's engineering business, strengthening its presence in Japan's thermal insulation market. Based in Tokyo, Japan, the engineering business of SpiderPlus & Co. Ltd manufactures and supplies thermal insulation solutions for piping and duct work. The company also has a proven track record with Armacell solutions and has serviced the local construction and HVAC industries with ArmaFlex products for the past 20 years.
Armacell Launches ArmaSport Turf Underlayment with Ridges for Enhanced Drainage
Turf underlayment shock pad now available with optional ridges increase horizontal and vertical drainage, making the field ready for play sooner after rain, or keeping the action going during rainy weather. The upgrade gives athletic directors and sports field designers more options for an efficient built-in water drainage system in the underlayment material.
Armacell H1 2021 Results
•Record net sales of EUR 338.6 million (+17.4%) in the first half of 2021
•Strong commercial momentum across regions and business areas
•Adjusted EBITDA of EUR 59.8 million; adjusted EBITDA margin at 17.7%
•Increase in production capacity for Advanced Insulation and Engineered Foams