Brief: Rockwool - Profitability Returned To More Satisfactory Levels

Rockwool A/S

30/08/2023 16:05

Aug 30 (Reuters) - Rockwool A/S  ROCKb.CO :
    * OUTLOOK 2023: SALES DECLINE UP TO EIGHT PERCENT IN LOCAL
CURRENCIES, CHANGED FROM PREVIOUSLY UP TO 10 PERCENT DECLINE
    * OUTLOOK: EBIT MARGIN AROUND 13 PERCENT, CHANGED FROM
PREVIOUSLY
AROUND 12 PERCENT
    * SLOWDOWN IN CONSTRUCTION ACTIVITY HIT SALES HARDEST IN
EASTERN
EUROPE, LESS SO IN WESTERN EUROPE
    * SALES IN NORTH AMERICA AND PARTS OF ASIA REGAINED MOMENTUM
AND
GROWTH
    * SAYS PROFITABILITY RETURNED TO MORE SATISFACTORY LEVELS,
DUE TO
PRICES HOLDING STEADY, ENERGY COSTS DECLINING, SOLID OPERATIONAL
EFFICIENCY

Source text for Eikon:  ID:nGNEnjpS0 
Further company coverage:  ROCKb.CO 

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