The ROCKWOOL Group came out of 2015 stronger and leaner. Despite much turmoil in the world economy, the company increased turnover to EUR 2,208 million and improved operations considerably thanks to cost efficiencies. It marks the first milestone of the Group's Business Transformation journey which will turn the ROCKWOOL Group into a more efficient and agile company.
"We have had a good start for the transformation programme and a good end to the year" says CEO Jens Birgersson and continues: "The ROCKWOOL Group has an unlocked potential to improve profitability and secure continued expansion. Our strong portfolio of stone wool products responds well to our customers´ needs and plays a leading role in the transition towards sustainable and firesafe solutions in the building sector."
North America leads the growth
The year was not without challenges due to troubled economies in markets such as Russia and China. Despite these headwinds, the ROCKWOOL Group grew by 1%. This was a result of a strong performance in the Systems business, today one quarter of Group sales, as well as continued growth in North America.
"Our North American business continues to expand with double-digit sales growth and improved operational performance," says CEO Jens Birgersson. "The first US stone wool plant, inaugurated in 2014, has provided the necessary platform for further growth for our insulation products. Also the ROCKFON acoustic ceilings continue to advance and this has led to the decision to build a plant to meet the increasing demand for high-quality acoustic ceilings in the US."
Continued improvement in 2016
Looking into 2016, the ROCKWOOL Group is forecasting continued improved profitability bringing the operational result above 8.5% of sales.
"We expect to see slight growth in sales in 2016 despite the current turbulence in many parts of the world economy. We are confident that our Business Transformation Programme will bring benefits in terms of better performance and improved operational results as we continue our journey to make the ROCKWOOL Group an even stronger company," Jens Birgersson ends.
CEO Jens Birgersson
ROCKWOOL International A/S
+45 46 56 03 00