Hedehusene, Denmark, 2015-09-29 09:32 CEST (GLOBE NEWSWIRE) --
Release no. 10 – 2015
To NASDAQ Copenhagen
ROCKWOOL International A/S
Hovedgaden 584, Entrance C
DK�2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
Danish CVR no: 54879415
29 September 2015
Major business transformation programme launched to improve competitiveness and profitability
Today, ROCKWOOL International A/S announces a transformation programme with the aim of making the Group more agile and cost efficient:
* The organisation will be restructured becoming simpler with fewer layers and a reduced headquarter. As a consequence, the number of white-collar employees will be reduced by around 500 of which around 80 in Denmark.
* Three key areas - Procurement, Pricing & Product Management and Customer Experience – will be strengthened to increase performance.
* The geographical priorities will be reset with sharpened focus on Europe and North America and reduced ambitions in Asia. Reassessments of the assets in Asia will be carried out with an expected impairment cost of around EUR 20 million.
* To drive the change and reflect the new geographical priorities, Group Management will be strengthened with new members and changed responsibilities.
* When fully implemented by 2017, the programme aims at delivering an EBIT improvement in the range of EUR 50 million per annum.
Learn more in the complete stock exchange release attached.
Conference calls for investors and press will be conducted at 10:45 and 11:45, respectively. The calls are broadcasted on http://www.rockwool.com/business-transformation. To participate in the calls, please find dial-in information on the website.
Further information: Jens Birgersson
CEO
ROCKWOOL International A/S
+45 46 56 03 00
