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United States

Rockwool International A/S (ROCKb.CO)

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Latest Key Developments (Source: Significant Developments)

Rockwool International Q3 EBITDA EUR 107 mln, above expectations
Thursday, 17 Nov 2016 02:37am EST 

Rockwool International A/S : Q3 net sales 571 million euros ($610 million) (Reuters poll 581 million euros) . Q3 EBITDA 107 million euros (Reuters poll 102 million euros) . Q3 pre-tax profit 65 million euros (Reuters poll 59.3 million euros) .Full year outlook 2016 maintained.  Full Article

Rockwool Q2 EBITDA EUR 108 mln, beats expextations
Thursday, 25 Aug 2016 02:29am EDT 

Rockwool International A/S : Q2 net sales 555 million euros (Reuters poll 563 million euros) . Q2 EBITDA 108 million euros (Reuters poll 98.3 million euros) . Q2 pre-tax profit 61 million euros (Reuters poll 55.3 million euros) . Says 2016 net sales are still expected to show a small positive organic growth in local currencies. . Investment expenditure expectation for 2016 remains unchanged at around 130 million euros excluding acquisitions .FY EBIT margin excluding redundancy costs related to business transformation program is now expected to be around 10 pct, an upward adjustment from previous expectation of 'above 9 pct'.  Full Article

Rockwool International Q1 pre-tax profit EUR 40 million; beats expectations
Thursday, 19 May 2016 02:28am EDT 

Rockwool International A/S : Q1 net sales 494 million euros ($554.37 million) (Reuters poll 505 million euros) . Q1 EBITDA 83 million euros (Reuters poll 72.6 million euros) . Q1 pre-tax profit 40 million euros (Reuters poll 26.6 million euros) . 2016 net sales are still expected to show small positive growth in local currencies . Raises expectation for EBIT margin to above 9 pct before redundancy costs related to the business transformation programme .Investment expenditure expectation for 2016 remains unchanged at around 130 million euros excluding acquisitions.  Full Article

Rockwool International gives FY 2016 sales guidance; proposes FY 2015 dividend of DKK 11.50/shr
Friday, 26 Feb 2016 02:33am EST 

Rockwool International A/S:‍In FY 2016 group forecasts slight positive sales growth for year measured in local currencies.Proposes FY 2015 dividend of ‍11.50 Danish crowns ​per share.FY 2016 revenue of 2.25 billlion crowns - Thomson Reuters I/B/E/S.  Full Article

Rockwool International: Upward adjustment of FY 2015 EBIT
Tuesday, 12 Jan 2016 02:07am EST 

Rockwool International A/S:Adjusts upwards FY 2015 EBIT forecast.Now expects EBIT result excluding write-downs and redundancy costs to end slightly above 170 million euros.Says FY 2015 sales will end with a 1.2 pct increase including a negative full-year currency effect of around 1 pct.Raises guidance as result of continued efficiency improvements from the company's Transformation program and lower input costs.FY 2015 EBIT 127.82 million crowns-Thomson Reuters I/B/E/S.  Full Article

Rockwool International presents financial ambitions for FY 2016-2018
Monday, 23 Nov 2015 02:07am EST 

Rockwool International A/S:Sees FY 2016-2018 organic sales growth 2-4 pct per annum.Sees gradual improvement of EBIT margin to 10 pct in FY 2018.Sees gradual improvement of return on invested capital to 14-15 pct in FY 2018.  Full Article

Rockwool International reduces slightly sales growth guidance for FY 2015
Friday, 20 Nov 2015 02:34am EST 

Rockwool International A/S:Group's forecast for sales growth for FY 2015 is slightly reduced and is now expected to be in range of 1-2 pct with no material exchange rate effect.EBIT expectation for year before write-downs and redundancy costs remains unchanged above 150 million euros.Business transformation program is progressing as planned and related redundancy costs are still expected around 25 million euros with more than half expected for FY 2015.Investment expenditure expectation for FY 2015 remains unchanged around 180 million euros excluding acquisitions.  Full Article

Rockwool International A/S invests in new ceiling panel factory in US
Thursday, 19 Nov 2015 11:22am EST 

Rockwool International A/S:Approved the plan to build the group's ROCKFON acoustic ceiling panel manufacturing facility in the United States.The facility will be located in connection with the group's existing stone wool factory in Mississippi close to Memphis.The new facility represents an initial investment of about $40 million and is expected to employ around 100 people.Construction will begin in early 2016, with production expected to begin mid-2017.  Full Article

Rockwool International A/S to reduce number of white-collar employees by around 500
Tuesday, 29 Sep 2015 03:35am EDT 

Rockwool International A/S:Says as a consequence business transformation programme, number of white-collar employees will be reduced by around 500 of which around 80 in Denmark.Says when fully implemented by 2017, programme aims at delivering an EBIT improvement in range of 50 million euros ($56.2 million) per annum.  Full Article

Rockwool International maintains FY 2015 guidance
Tuesday, 25 Aug 2015 12:24pm EDT 

Rockwool International A/S:EBIT expectation for FY 2015 remains unchanged of above 150 million euros.Group's forecast for sales growth for FY 2015 remains unchanged and is expected to be in range of 2 pct to 3 pct, based on comparable exchange rates.  Full Article

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Hawaiian volcano discovery fuels Danish Rockwool's U.S. growth

COPENHAGEN Danish insulation maker Rockwool International posted solid second quarter results on Thursday, benefiting from growth in the North American market thanks to one of its landmark products, but still suffering poor demand in Germany and Russia.