Key Developments: Rockwool International A/S (RKWBF.PK)
126.50USD
25 Feb 2013
$8.33 (+7.05%)
$118.17
$126.50
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600
102
$126.50
$83.50
Latest Key Developments (Source: Significant Developments)
Rockwool International A/S Maintains FY 2013 Financial Guidance
Rockwool International A/S announced that it confirms its expectations for fiscal year 2013 net sales at current exchange rates to be slightly above the level of fiscal year 2012. The Company also still expects a profit for the fiscal year 2013 of approximately DKK 700 million. The Company reported fiscal year 2012 net sales of DKK 14,664 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 net sales of DKK 15,117.91 million. Full Article
Rockwool International A/S Appoints Steen Riisgaard as New Chairman of the Board
Rockwool International A/S announced that after the general meeting, held on April 17, 2013, the Board of Directors of the Company constituted itself with Steen Riisgaard as Chairman, Carsten Bjerg as the First Deputy Chairman and Thomas Kahler as the Second Deputy Chairman. Full Article
Rockwool International A/S Issues FY 2013 Financial Guidance with FY 2013 Sales Outlook in Line with Analysts' Estimates
Rockwool International A/S announced that the Company expects its fiscal year 2013 sales result to be slightly above the level of 2012 with profit for the year of approximately DKK 700 million. For the fiscal year 2012, the Company reported sales result of DKK 14,664 million. Investment level excluding acquisitions is expected to be approximately DKK 1,600 million in the fiscal year 2013. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of DKK 15,092.20 million for the fiscal year 2013. Full Article
Rockwool International A/S Proposes FY 2012 Dividend at DKK 10.20 Per Share
Rockwool International A/S announced that it has decided to propose a dividend payment of DKK 10.20 per share for the fiscal year 2012. Full Article
Rockwool International A/S To Construct New Production Facility in China
Rockwool International A/S announced that its Board of Directors has on December 6, 2012 approved the plan to construct a new production facility in China. The new plant will be constructed in Tianjin, approximately 150 kilometers from Beijing in northern China. The Company already operates a factory close to Guangzhou in the southern part of China. The plant is expected to be ready end 2014 and will have a capacity of over 120,000 tons of stone wool insulation annually. The plant will be equipped with one single production line and have world class technology as well as environmental performance. Full Article
Rockwool International A/S Raises FY 2012 Financial Guidance
Rockwool International A/S announced that the Group expects a result after minority interests for the fiscal year 2012 of at least DKK 700 million compared with the previous estimate of between DKK 650 million and DKK 700 million. The Group also expects net sales at current exchange rates to increase by 6% for the full fiscal year 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 net sales of DKK 15,992.41 million. In the fiscal year 2011, the Company reported net sales of DKK 15,115.41 million. Full Article
Rockwool International A/S's Chairman of the Board of Directors to Leave
Rockwool International A/S announced that Mr. Tom Kahler, Chairman of the Company's Board of Directors, has informed the Company that he will not be a candidate for re-election to the Board at the General Meeting April 18, 2013. Mr. Kahler has been Member of the Board since 1977, Chief Executive Officer (CEO) from 1987 until 2004 and Chairman of the Board since 2004. He intends until spring 2014 to continue in the Board of the Rockwool Foundation of which he has been Chairman since 1991 and expects during the coming years still to be a candidate for election as General Manager of the Kahler Family Meeting. The other Members of the Board have decided that they will constitute themselves in April 2013, if re-elected, with CEO, Mr. Steen Riisgaard, as new Chairman and with CEO, Mr. Carsten Bjerg, and Managing Director, Mr. Thomas Kahler, as respectively first and second Vice Chairman. Full Article
Rockwool International A/S To Build Factory in Memphis, United States-Ritzau
Ritzau reported that Rockwool International A/S is to build factory in Memphis in Tennessee, United States. Full Article
Rockwool International A/S Comments on FY 2012 Financial Guidance
Rockwool International A/S announced that the Group expects net sales at current exchange rates to increase by at least 5% for the full fiscal year 2012. The Group also confirms its expectation for a result after minority interests between DKK 650 million and 700 million for the fiscal year 2012. Capital expenditure excluding acquisitions is now expected to be DKK 1,200 million in the fiscal year 2012. Previously, the Company reported fiscal year 2011 net sales of DKK 13,748.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 net sales of DKK 14,575.44 million. Full Article
Rockwool International A/S to Establish Production Facility in United States
Rockwool International A/S announced that its Board of Directors has approved the plan to establish the Rockwool Group's first production facility in the United States. The new plant will be constructed in Marshall County, Mississippi, approximately 50 kilometers from Memphis, Tennessee. Subject to the successful completion of site due diligence in the coming months, the plant is expected to be ready in 2014 and will, when reaching full capacity, be able to deliver more than 100,000 tons of stone wool insulation annually. The investment is expected to total approximately EUR 125 million. Full Article
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