Positive first quarter performance especially for Systems segment

16 May 2019

Highest first quarter sales in the ROCKWOOL Group's history

RockWorld imagery,The Big Picture, greenery, Grodan, people, plants, tomatoes, greenhouse

“I am pleased with the quarter. We achieved our highest first quarter sales in the Group’s history, despite geographic variations in the market conditions. The increase in sales prices matched the higher inflationary increases in logistics and input costs. The Systems segment performance with double digit growth both on top and bottom line is especially encouraging, with positive development across all businesses”.

-CEO Jens Birgersson



  • Sales in Q1 2019 reached EUR 641 million, a growth of 5.7 percent in local currencies. With a positive currency impact of around 0.5 percentage points, the sales growth in reported figures totalled 6.2 percent.
  • Systems segment sales increased by 13.1% in local currencies, with good development in all businesses and a positive start for the year in Grodan.  
  • EBIT in Q1 2019 increased 9.4 percent to EUR 77 million, with a 12.0 percent EBIT margin, up 0.4 percentage points from last year.
  • Investments reached EUR 78 million, up EUR 45 million compared to last year, primarily due to ongoing expansions in Germany, Romania and the United States.  
  • Annualised return on invested capital reached 21.5 percent compared to 18.6 percent last year, driven by higher operational earnings.

Outlook 2019

  • Growth in net sales is expected to be 4-8 percent in local currencies.
  • We now expect an EBIT margin at around the same level as last year, including the one-off positive EBIT impact from the Rockfon North America legal case settlement.
  • Investment level is expected around EUR 330 million.

About the ROCKWOOL Group

At the ROCKWOOL Group, we are committed to enriching the lives of everyone who experiences our product solutions. Our expertise is perfectly suited to tackle many of today’s biggest sustainability and development challenges, from energy consumption and noise pollution to fire resilience, water scarcity and flooding. Our product range reflects the diversity of the world’s needs, while supporting our stakeholders in reducing their own carbon footprint.

Stone wool is a versatile material and forms the basis of all our businesses. With more than 11,600 passionate colleagues in 39 countries, we are the world leader in stone wool solutions, from building insulation to acoustic ceilings, external cladding systems to horticultural solutions, engineered fibres for industrial use to insulation for the process industry and marine & offshore.