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News Rockwool's 2014 results negatively affected by Russian Rouble

Rockwool's 2014 results negatively affected by Russian Rouble

Written by Global Insulation staff
23 February 2015
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Denmark: Rockwool has said that its results for 2014 were negatively affected by the devaluation of the Russian Rouble and that Russia will continue to impact its results for some time to come. Its turnover, however, increased by 9% year-on-year to Euro2.18bn, whereas earnings before interest and taxes (EBIT) fell by 4% to Euro161m. Post-tax profit decreased to Euro112m from Euro116m in 2013. Rockwool expects its net sales growth in 2015 to be slightly positive and EBIT to reach around Euro150m.

Published in Global Insulation News
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  • Denmark
  • Rockwool
  • Results

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