Rockwool beats expectations

The Danish stone wool manufacturer boosted revenue and raked in more money than during the same period last year. A "positive calendar impact" is cited as a major contributor to growth.

Photo: Rockwool

Rockwool made more gains than expected in this year's first quarter. The insulation company booked sales of EUR 534 million, growth of 8 percent year-on-year, while the result grew EUR 4 million before taxes to  EUR 44 million with a profit margin of 8.6 percent, compared to 8.4 percent for the same period last year.

Rockwool writes that a particular and important reason for the rise in revenue is "positive calendar impact of around 2%". In other words, there were more working days in the first three months of 2017 than in 2016, despite it being a leap year.

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