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COIL: REPORT ON THE EXTRAORDINARY GENERAL MEETING AND UPDATE ON CORPORATE GOVERNANCE
Globenewswire· 2025-11-24 16:45
Core Points - COIL, a leader in aluminium anodising, received unanimous approval from shareholders for all proposed resolutions at the Extraordinary General Meeting held on November 20, 2025, indicating strong support for the company's strategic direction and transformation [1] Group 1: Corporate Governance - The General Meeting dismissed Finance and Management International, represented by Timothy Hutton, from its director position and appointed Christopher Clarke as a new Non-Executive Director, enhancing the Board's expertise [2][4] - The new Board aims to support the recovery plan launched in 2025, reinforce managerial oversight, and ensure sound governance in a challenging market environment [3] Group 2: Operational Focus - COIL remains committed to delivering operational and financial priorities, enhancing industrial agility, and strengthening its leadership in anodised aluminium [5] - The company generated sales of €24.1 million in 2024 and has over 100 employees in Belgium and Germany [9] Group 3: Industry Overview - Anodising is an electrochemical process that develops a protective oxide layer on aluminium, enhancing its resistance to corrosion and maintaining its ecological properties, making it suitable for various industries including architecture, design, manufacturing, and automotive [8]
COIL: A CHALLENGING FIRST HALF OF 2025, WITH A RECOVERY PLAN UNDERWAY
Globenewswire· 2025-10-31 16:45
PRESS RELEASEBrussels, 31 October 2025 (17.45)World leader in aluminium anodising A CHALLENGING FIRST HALF OF 2025,WITH A RECOVERY PLAN UNDERWAY COIL, world leader in aluminium anodising, has released its results for the first half of the 2025 financial year. Key highlights In a context of weak end-market demand and a generally cautious global economic climate, COIL recorded a significant decline in activity in the first half of 2025. Tolling sales were affected both by intensified competition in Europe and ...
COIL: 2024 ANNUAL RESULTS IMPACTED BY A CHALLENGING MARKET ENVIRONMENT
Globenewswire· 2025-05-02 15:49
PRESS RELEASEBrussels, 2 May 2025 (17.45)World leader in aluminium anodising 2024 ANNUAL RESULTS IMPACTED BY A CHALLENGING MARKET ENVIRONMENT Revenues up +10.5% to €24.1m, driven by the implementation of the collaboration and licensing agreement in China.Net loss of (3.2) M€, impacted by increased operating expenses and non-recurring items (goodwill impairment).Net debt under control, representing 25% of equity at 31 December 2024. COIL, world leader in aluminium anodising, is reporting its annual results f ...