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Rockwool Q2 EBITDA EUR 108 mln, beats expextations

Thursday, 25 Aug 2016 

Rockwool International A/S : Q2 net sales 555 million euros (Reuters poll 563 million euros) . Q2 EBITDA 108 million euros (Reuters poll 98.3 million euros) . Q2 pre-tax profit 61 million euros (Reuters poll 55.3 million euros) . Says 2016 net sales are still expected to show a small positive organic growth in local currencies. . Investment expenditure expectation for 2016 remains unchanged at around 130 million euros excluding acquisitions .FY EBIT margin excluding redundancy costs related to business transformation program is now expected to be around 10 pct, an upward adjustment from previous expectation of 'above 9 pct'. 

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