![](/templates/proglobalmedia-main/images/globe-blue-whitebg.gif)
Insulation industry news from Global Insulation
Rockwool increases full-year profit forecast
29 May 2012Denmark: Rockwool has increased its 2012 net profit forecast to US$109-118m compared with its previous guidance of 'above US$100m.' The company reiterated its forecast of full-year sales growth of 5% in 2012 but warned that it expects continued tough conditions in the Eurozone.
The insulation giant said that it expects some recovery in its profit margins, helped by price increases and an anticipated easing in inflationary pressures.
In the first quarter of 2012, the company's net profit rose to US$17.4m from US$11.5m in the first quarter of 2011, while earnings before interest and taxes (EBIT) rose by 48% to US$26m. Rockwool's sales rose by 11% in the quarter to US$4.1bn, driven by increased demand in some of its key European markets.