Financial performance

Our financial results are strong, with net sales and EBIT margin up on the year. And we are debt free.

Net sales grow in main markets; South East Asia market subdued

The positive development in net sales was due to good growth in volume in several main markets as well as increases in sales prices. The increase in sales came mainly from an acceleration of growth for the Insulation segment, while the Systems segment also increased.

Sales prices continued to increase especially towards the second half of the year which also saw overall improved efficiency in operations. Combined, this more than counterbalanced the negative impact from input costs in the second half of the year.

Operational efficiency significantly improved in 2017, which contributed to satisfactory profitability for the Group.

Organic growth of 7.1%

EBIT margin

Up 0.4pp from last year


Up from 15.8% last year

Increased sales prices and strong factory performance overcame higher input costs, thus securing the profitability
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