Hedehusene, Denmark, 2016-02-26 08:33 CET (GLOBE NEWSWIRE) --
Release no. 2 – 2016
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
Page 1/2
26 February 2016
The ROCKWOOL Group lifts operational results
The Board of Directors of ROCKWOOL International A/S has approved the Annual Report for the financial year that ended 31 December 2015 at their meeting today.
Commenting on the Group’s performance, CEO Jens Birgersson says:
”We have had a good start for our Business Transformation Programme and a good end to the year. We are confident that the programme will continue to bring benefits in terms of better performance and improved operational results. The global construction markets are not untouched by the current economic turmoil but our ambition to grow remains”
Highlights 2015
* Net sales increased by 2.2% in local currencies. Net sales reached EUR 2,208 million, an increase of 1.3% in reported figures.
* The Business Transformation Programme is progressing per plan. The related redundancy costs included in 2015 amount to EUR 15.4 million.
* An impairment write-down of the businesses in India and China of EUR 21.4 million is included in 2015.
* Full year Operational EBIT excluding the above increased by 6% to EUR 172 million corresponding to 7.8% EBIT ratio - an increase of 0.4 percentage points against last year.
* Cash flow from operations amounted to EUR 297 million – an increase of 45% against 2014.
* Investments and acquisitions totalled EUR 201 million.
* The proposed dividend is increased from DKK 11.30 to DKK 11.50 per share.
Outlook 2016
* The Group forecasts slight positive sales growth for the year measured in local currencies.
* EBIT ratio for 2016 before redundancy costs of approximately EUR 10 million is expected to be above 8.5%.
* 2016 investment level excluding acquisitions is expected to be around EUR 130 million.
For more details see the full Annual Report.
Further information:
Kim Junge Andersen
Chief Financial Officer
ROCKWOOL International A/S
+45 46 56 03 00
