Company announcement 11/2023 - Herning, Denmark, 17 April 2023 - At Re-Match Holding A/S ("Re-Match"), a pioneer in the sustainable recycling of artificial turf, the Herning factory has scaled up to full production efficiency, after a period of temporary shutdown driven by the historically high energy prices in 2022.
Due to high energy prices and their impact on earnings from the recycling of artificial turf, operations at the first Re-Match factory in Herning have been reduced to a minimum since end November 2022, utilizing the opportunity to perform a large-scale factory line production equipment maintenance. With the energy price drop closer to normal levels in 2023 and the finalization of the maintenance program, the Herning factory is now back to full operations.
For more info contact:
Investors: Nikolaj Magne Larsen, CEO, +45 7734 6734
Media: Martin Plambek, CMO, +45 5211 1125, mp@re-match.com
Certified Advisor:
Daniel Sand
Email: dsd@beierholm.oaklins.com
Beierholm Corporate Finance P/S
Østergade 26B
1100 Copenhagen
Denmark