Annual Report 2019 announced

February 5, 2020

Sales growth of 2.2 percent in a volatile market, achieving strong profitability with an EBIT margin of 13.5 percent.

"We navigated last year’s mixed market conditions well, achieving strong profitability and good sales growth, with the Systems segment performing especially well. We also invested in new and upgraded manufacturing and research facilities. Looking ahead, we anticipate continued market volatility, with low-single digit sales growth and solid profitability. The growing demand for naturally fire-resistant, recyclable stone wool products should help smooth out overall volatility".

Jens Birgersson

ROCKWOOL Group CEO

Highlights

Investments for the year totalled EUR 400 million, primarily from capacity expansions.
Free cash flow ended the year at EUR 2 million against EUR 196 million for 2018.
Annualised return on invested capital reached 21.7 percent compared to 22.8 percent in 2018, due to higher investments.
The proposed dividend per share is DKK 32.00, up from DKK 29.90 last year.
A share buy-back programme up to an amount of EUR 80 million, commencing on 6 February 2020.

Outlook 2020

Low single-digit sales growth in local currencies.
EBIT margin around 12 percent, comparable to 2019 when adjusting for the additional depreciation and the start-up costs in Norway and Germany.
Investment level around EUR 400 million excluding acquisitions.

For further details please refer to the Annual Report 2019.

Annual Report 2019

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Media contact

Michael Zarin

Vice President, Group Communications

Mobile: +45 40 84 15 26
Email: michael.zarin@rockwool.com

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About ROCKWOOL Group

At 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 11,700 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.

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