EnergyWatch

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.

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