EnergyWatch

Strong growth in Rockwool's profit

The cleantech company did not deliver growth on the top line but did cash in a much greater income in 2016. Higher margins are expected this year, along with new conquests.

Last year Rockwool earned a remarkable amount of money. The result before taxes landed above analyst expectations with EUR 225 million before taxes and EUR 166 million after taxes. This is 69 percent and 82 percent, respectively, better than the results from the preceding year and also better than any other result in the past five years.

An increase in the EBIT margin of 3 percent landing at 10.8 percent suggests that the improved profit is more due to improved earnings capacity than because of greater sales. The rock wool producer sold products for a total EUR 2,202 million last year, in line with the sales from the past three years which have only fluctuated marginally between EUR 2,180 million and EUR 2,208 million. As such, sales were as they had been expected to be.

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