Hedehusene, Denmark, 2014-11-20 17:05 CET (GLOBE NEWSWIRE) --
Release no. 08 – 2014
Report on the first 9 months of 2014
To NASDAQ Copenhagen A/S
ROCKWOOL International A/S
Hovedgaden 584, Entrance C
DK-�2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
20 November 2014
Report on the first 9 months of 2014 for ROCKWOOL International A/S
Today the Board of ROCKWOOL International A/S has discussed and approved the following report on the first 9 months of 2014.
Highlights
* Sales in the first 9 months of 2014 at actual exchange rates increased 11% compared to the same period in 2013 or 6% like-for-like (comparable structure and exchange rates).
* EBIT end of the first 9 months in 2014 amounts to EUR 127.2 million which is an increase of 7% compared to the same period in 2013. The acquisitions have an impact of 2%.
* The Group re-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.
* Due to the expected exchange rate effect, adjustment in restructuring provisions and the higher start-up costs in US, the Group’s expectations for net profit for the year 2014 are now expected to be in the range of EUR 110-120 million whereas the previous expectation amounted to around EUR 127 million.
* Investment expenditure is still expected to be in the range of EUR 220-240 million excluding acquisitions.
Further information: Gilles Maria, Chief Financial Officer
