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News Paroc copes with stagnant results in 2016

Paroc copes with stagnant results in 2016

Written by Global Insulation staff
02 March 2017
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Finland: Paroc has described 2016 as ‘fairly challenging’ as its net sales fell slightly to Euro376m and its earning before interest, taxation, depreciation and amortisation (EBITDA) rose by 4% to Euro76.5m in 2016 from Euro73.3m in 2015. Despite reporting an improvement in construction activity in the second half of the year, sales fell in Russia. The insulation producer solid its Paroc Panel System (PPS) business to Kingspan Group in December 2016 and it announced plans to shut its Oulu stone wool plant in January 2017.

Last modified on 06 March 2017
Published in Global Insulation News
Tagged under
  • Finland
  • Paroc
  • Results
  • Paroc Panel System
  • Kingspan
  • GGM31

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