Report on the first quarter of 2015

Hedehusene, Denmark, 2015-05-21 08:41 CEST (GLOBE NEWSWIRE) --  

Release no. 7 – 2015
Report on the first quarter of 2015
To NASDAQ Copenhagen

ROCKWOOL INTERNATIONAL A/S
Hovedgaden 584,Entrance C
DK-2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com

21 May 2015

Report on the first quarter 2015 ROCKWOOL International A/S

Today the Board of Directors of ROCKWOOL International A/S has approved the following report on the first quarter 2015.

Highlights

* Sales for the first quarter 2015 at actual exchange rates increased 3.1% compared to the same period in 2014, or 3.5% based on comparable exchange rates.

* EBIT end of the first quarter 2015 amounts to EUR 26.1 million which is a decrease of 8.1% compared to the same period in 2014, but an increase of 1.7% based on comparable exchange rates.

* The Group forecast for sales growth for 2015 remains unchanged and is expected to be slightly above 2.5%, based on comparable exchange rates. Net effect on sales from exchange rates as of today is estimated not to be material.

* The Group expects EBIT for the year to be above EUR 150 million.

* Investment expenditure expectation for 2015 remains unchanged around EUR 180 million excluding acquisitions.

Commenting on the Group’s performance, CEO Jens Birgersson says:
“The first quarter was another testimony to the success of our system business with double digit growth both in sales and EBIT. I am also pleased with our ability to grow in spite of difficult trading conditions in some of our main markets such as Germany, Russia and France. We will now concentrate our efforts on improving profitability in our insulation business.”
 

         Further information: Gilles Maria, Chief Financial Officer

Vedhæftede filer:

SE-2015-07_EN.pdf