ROCKWOOL reports satisfactory 2023 performance in a difficult environment
07 Février 2024 - 4:57PM
ROCKWOOL reports satisfactory 2023 performance in a difficult
environment
ROCKWOOL’s full year 2023 sales reached 3620 MEUR, a decrease of
four percent in local currencies and seven percent in reported
figures. EBIT in 2023 ended at 518 MEUR, up 29 percent, with an
EBIT margin of 14.3 percent. This includes a 27 MEUR donation to
the Foundation for Ukrainian Reconstruction, the creation of which
shareholders approved in 2023.
In addition, ROCKWOOL’s performance related to seven
sustainability goals that have time horizons 2030 and 2034 remains
on or ahead of schedule. The company also commits to net-zero
greenhouse gas emissions by 2050 with primary focus on achieving
its 2034 decarbonisation goals.
CEO Jens Birgersson comments on both the financial and
sustainability results, noting, “Given the low construction
activity levels in most of our markets, we achieved overall
satisfactory results in 2023. Sales were down four percent, which
is less than we expected at the start of 2023. I am pleased that we
secured a solid level of profitability, notwithstanding the
challenging market conditions. We are making good progress on our
sustainability goals and will continue investing in decarbonisation
efforts.”
On the outlook for 2024, Birgersson says, “Looking ahead,
we expect to see continued low construction activity levels in key
markets, with the notable exceptions of North America and Asia.
Overall, we anticipate 2024 sales to be roughly at the same level
as in 2023 in local currencies. Profitability should remain solid
at around 13 percent EBIT margin.”
You can download the full Annual and Sustainability Reports
at www.rockwool.com.
ROCKWOOL Group will host an earnings call on 8 February 2024 at
11.00 CET. The earnings call will be transmitted live
on www.rockwool.com.
Contact information:
Helge Frandsenhelge.frandsen@rockwool.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a6342fe0-d71e-44f4-b9a4-c07a617a4bd0
Rockwool AS (TG:R90)
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Rockwool AS (TG:R90)
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