"We predicted that it would be a tougher market with more volatility this year. And this is exactly what we're seeing. We have markets going up and markets going down. But the top line has never been higher," says Jens Birgersson, chief executive of Rockwool, following the mineral insulation producer's first quarter financial report.
The company booked revenue of EUR 641 million and concurrently announced an upward adjustment of its annual guidance. This now involves a profit margin of 12.8 percent, similar to 2018.
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