Cleantech company Rockwool books stable quarter

Danish stone wool producer Rockwool maintains its guidance for the full year after the third quarter, in which revenue was slightly lower than projected, but earnings were above expectations.

Photo: Rockwool

Rockwool continues to grow earnings. In the third quarter, the Danish cleantech company booked a result of EUR 65 million before taxes on revenue of EUR 571 million. The result has thus doubled compared to the same period last year with almost unaltered revenue. Furthermore, the free cash flow was improved in the quarter by all of EUR 127 million up to EUR 140 million for the year thus far.

Looking at the year's first three quarters, the same trends are visible. In this period, revenue suffered a very slight decline – 0.55 percent – year to year but the result improved by almost two thirds to EUR 166 million before taxes.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs