Denmark: Rockwool’s sales have been driven by its insulation markets in Europe and North America. Its sales revenue grew by 17.3% year-on-year to Euro468m in the first quarter of 2018 from Euro399m in the same period in 2017. Earnings before interest and taxation (EBIT) for its insulation business rose by 98% to Euro55m from Euro28m. Overall sales and earnings for the company across all business lines rose at a slower rate.
“The strong first quarter performance is primarily driven by growing demand for our non-combustible insulation as well as our focus on productivity improvements and pricing. Owing to our broad-based manufacturing footprint, particularly in Europe, we are able to flexibly service growing customer demand, even if this results in somewhat increased logistics costs,” the company said in a statement.
