Hedehusene, Denmark, 2014-05-22 14:16 CEST (GLOBE NEWSWIRE) --
Release no. 04 – 2014
Report on first quarter 2014
To NASDAQ OMX Nordic Exchange Copenhagen A/S
ROCKWOOL INTERNATIONAL A/S
Hovedgaden 584, Entrance C
DK�2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
22 May 2014
Report on first quarter 2014 for ROCKWOOL International A/S
Today the Board of ROCKWOOL International A/S has discussed and approved the following report on first quarter 2014.
Highlights
* Sales in first quarter 2014 at actual exchange rates increased 15% compared to the same period in 2013 or 11% like-for-like.
* EBIT in first quarter 2014 amounts to EUR 28.4 million which is an increase of 39% compared to the same period in 2013. Excluding acquisitions, EBIT is EUR 31.5 million.
* The Group confirms its expectations for 2014 net sales at comparable exchange rates to increase by 12% compared to last year and by 5% like-for-like.
* The Group still expects a net profit for the year around EUR 127 million.
* The green field factory project in China (Tianjin) has been discontinued.
* Capital expenditure excluding acquisitions is still expected to be around EUR 188 million.
Further information: Gilles Maria, Chief Financial Officer