Report on the first half-year 2015
Hedehusene, Denmark, 2015-08-25 17:44 CEST (GLOBE NEWSWIRE) --
Release no. 09 – 2015
Report on the first half-year of 2015
To NASDAQ Copenhagen
ROCKWOOL International A/S
Hovedgaden 584, Entrance C
DK�2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
Danish CVR no: 54879415
25 August 2015
Report on the first half-year 2015
ROCKWOOL International A/S
Today the Board of Directors of ROCKWOOL International A/S has approved the following report on the first half-year 2015.
Highlights
* Sales for the first half-year of 2015 at actual exchange rates increased 2.3% compared to the same period in 2014 with no significant effect from exchange rates.
* EBIT end of the first half-year of 2015 amounts to EUR 72.7 million (6.9% EBIT ratio) compared to EUR 75.8 million last year (7.3% EBIT ratio) – a decrease of 0.4 %-point, but based on comparable exchange rates this represents an increase of 0.1%-point.
* The Group’s forecast for sales growth for 2015 remains unchanged and is expected to be in the range of 2 to 3%, based on comparable exchange rates. Net effect on sales from exchange rates as of today is estimated not to be material.
* EBIT expectation for the year remains unchanged 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:
“I am pleased to see continued recovery in most European markets, but we have still not seen our two most important markets, Germany and France, pick up. As expected, the Russian market has declined, but thanks to strong efforts from our Russian organization, we have managed to maintain a healthy business. In North America, our strong growth continues though at a slightly slower pace than we saw in the first quarter. Our focus to improve the profitability of our stone wool insulation business and bring it closer to the strong performance of our Systems business remains”.
Further information: Gilles Maria, Chief Financial Officer
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