Rockwool on Russia: We hope the worst is behind us

There was growth in Poland, Hungary, and the countries surrounding Russia, says the CEO, who eyes positive trends on the otherwise draining market.

Photo: Johan Mikkelsen

While many of Rockwool's geographic markets experienced rising sales in 2016, things did not go as well for the eastern European business which booked revenue for the year of EUR 377.2 million, down from EUR 400.5 million in 2015.

The decline in revenue is mostly related to difficult conditions in Russia, says CEO Jens Birgersson, after the Danish insulation company published its annual report Friday.

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

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs