Denmark: Rockwool has reported that its profit fell by 19% year-on-year to Euro91m in 2015 from Euro113m in 2014. Its net sales rose slightly to Euro2.21bn from Euro2.18bn. The fall in profit was attributed to write-downs of Euro21.4m in India and China as well as severance costs of Euro15.4m in connection with restructuring measures. Rockwool expects sales revenue to continue to grow in 2016.
For its insulation business, Rockwool’s sales fell slightly to Euro1.67bn in 2015 from Euro1.68bn in 2014 due to a difficult market in Russia and further negative effects due to currency effects. Operating profit remained static at Euro99m, with the exclusion of the write-downs and severance costs.
