Key Developments: Rockwool International A/S (ROCKb.CO)

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Latest Key Developments (Source: Significant Developments)

Rockwool International announces new order for Abu Dhabi’s TAKREER refinery project
Sunday, 26 Oct 2014 08:00pm EDT 

Rockwool International A/S:Secures landmark contract in Abu Dhabi.Says is supplying insulation to Abu Dhabi’s TAKREER refinery project.Says latest addition to be supplied by the ROCKWOOL Group will have a capacity of 30,000 barrels of crude oil per day and will produce 40,000 tonnes of carbon black per year.Says the carbon black and delayer coke (CBDC) plant is under construction in Abu Dhabi’s chemical refining complex, Ruwais, and is due for completion in Dec. 2015.  Full Article

Rockwool International A/S says CEO Eelco van Heel resigns
Thursday, 23 Oct 2014 01:18pm EDT 

Rockwool International A/S:Says Eelco van Heel resigns from the position as chief executive of Rockwool International.Says Jens Birgersson will take up the position as new CEO on March 2, 2015 at the latest.Says until Jens Birgersson joins the company, Bjoern Hoei Jensen, Chairman of the board of directors, will have a coordinating role in the Executive Management.  Full Article

Rockwool International confirms expectations for FY 2014
Thursday, 22 May 2014 08:16am EDT 

Rockwool International A/S:Confirms expectations for FY 2014.Still sees FY 2014 net sales at comparable exchange rates to increase by 12 percent compared to last year and by 5 percent like-for-like.Still expects net profit for FY 2014 of about 127 million euros.  Full Article

Rockwool International A/S approves FY 2013 dividend; authorizes share buy back; constitutes board with Bjorn Hoi Jensen as chairman
Wednesday, 9 Apr 2014 02:04pm EDT 

Rockwool International A/S:Approved the distribution of a dividend for FY 2013 of 10.40 Danish crowns per share of a nominal value of 10 Danish crowns, corresponding to a total of 224 million Danish crowns.The general meeting authorized the board of directors to allow the company to acquire its own shares, A shares as well as B shares, of a maximum nominal value of 10 pct of the company’s share capital in the period until the next annual general meeting.Says the authorization requires that the price of the shares at the time of purchase does not deviate by more than 10 pct from the most recent listed price.Says after the general meeting the board of directors constituted itself with Bjorn Hoi Jensen as chairman.  Full Article

Rockwool International proposes FY 2013 dividend of DKK 10.40 per share
Friday, 21 Feb 2014 10:56am EST 

Rockwool International A/S:Proposes increased dividend for FY 2013 of 10.40 Danish crowns per share.Paid dividend of 10.2 Danish crowns per share for FY 2012.  Full Article

Rockwool International issues FY 2014 profit guidance
Friday, 21 Feb 2014 10:56am EST 

Rockwool International A/S:Expects FY 2014 profit to be around 950 million Danish crowns.Investment expenditure, excluding acquisitions, is expected to be 1,400 million Danish crowns.  Full Article

Rockwool International completes acquisition of BASF Wall Systems
Monday, 30 Dec 2013 05:39am EST 

Rockwool International A/S:Closes acquisition of BASF Wall Systems GmbH & Co. KG.Says the company formally takes over BASF Wall Systems with accounting effect as of Jan. 1, 2014.Says BASF Wall Systems is a German system holder for external facade insulation (ETICS).Says the acquisition covers 100 percent of BASF Wall Systems including render production facility in Marktredwitz and HECK and RAJASIL brands.  Full Article

Rockwool International announces change of Chairman
Wednesday, 11 Dec 2013 10:13am EST 

Rockwool International A/S:Says Steen Riisgaard, Chairman of the company's Board, has informed that he will not be a candidate for re-election at the Annual General Meeting (AGM) scheduled for Apr. 9, 2014.Says the other members of the ROCKWOOL International Board have decided that they – if re-elected - will constitute themselves with Bjoern Hoei Jensen as new Chairman.  Full Article

Rockwool International A/S Raises FY 2013 Earnings Guidance and Confirms FY 2013 Revenue Guidance-Ritzau
Wednesday, 20 Nov 2013 11:14am EST 

Ritzau reported that Rockwool International A/S expects to report earnings of DKK 800 million for the fiscal year 2013, instead of the previously expected earnings of between DKK 700 million and DKK 750 million. Revenue for the fiscal year 2013 is still expected to be somewhat higher than in 2012. For the fiscal year 2012, the Company reported revenue of DKK 14,664 million. According to I/B/E/S Estimates, analysts on average are expecting revenue of DKK 15,068 million for the fiscal year 2013.  Full Article

Rockwool International A/S Closes Acquisition of CMC
Monday, 30 Sep 2013 04:24pm EDT 

Rockwool International A/S announced that the acquisition of CMC has been closed. The acquired activities will be integrated into the ROCKWOOL Group with accounting effect as of October 1, 2013.  Full Article

BRIEF-Denmark's Rockwool downgrades 2014 profit guidance after Q3

Nov 20 - Rockwool International A/S : ** Says EBIT end of the first 9 months in 2014 amounts to 127.2 million euros which is an increase of 7 percent compared to the same period in 2013 ** Says net profit for 2014 is now expected to be in the range of 110-120 million euros vs previous guidance of around 127 million euros ** Says net profit guidance is downgraded due to exchange rate effects, adjustment in restructuring provisions and higher start-up costs in the United States.

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