EnergyWatch

Rockwool navigates commodity chaos and raises prices

The boom in the global construction sector helped convince customers to accept price increases, enabling Rockwool to withstand rising costs on the bottom line. A "quite satisfied" CEO tells EnergyWatch that the company will continue work on price rises in addition to today's guidance upgrade.

Things could have gone much worse for Rockwool in the first half of 2017.

The company released a fairly positive 2016 report, but already in this year's first quarter Rockwool had to acknowledge that the prices skyrocketed on several of the company's most important commodities, in particular coke. This unforeseen development effected an increase in production expenses of 15 percent in the first three months of 2017 year-on-year.

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