EnergyWatch

Rockwool on Russia: We hope the worst is behind us

There was growth in Poland, Hungary, and the countries surrounding Russia, says the CEO, who eyes positive trends on the otherwise draining market.

Photo: Johan Mikkelsen

While many of Rockwool's geographic markets experienced rising sales in 2016, things did not go as well for the eastern European business which booked revenue for the year of EUR 377.2 million, down from EUR 400.5 million in 2015.

The decline in revenue is mostly related to difficult conditions in Russia, says CEO Jens Birgersson, after the Danish insulation company published its annual report Friday.

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