Annual report 2017

Building on the strength of stone

Annual report 2017

Our financial results are strong, with net sales increasing 7.1% in local currencies; EBIT margin reaching 10.8%; and we are debt free with a net positive cash position of EUR 241 million.

As we look ahead to 2018, we anticipate a period with continued growth. With a strong focus on customer service, product quality, and operational efficiency, we expect Group net sales to increase 7-10% relative to 2017 in local currencies, including around 2% from Flumroc, and EBIT margin to reach at least 11%.

RockWorld imagery, The Big Picture, people, train, station

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Re-watch the webcast of the presentation of the annual report 2017 for ROCKWOOL International A/S

Annual report 2017 for ROCKWOOL International A/S

Thursday, February 8 11:00 AM CEST

Presented by

CEO Jens Birgersson
CFO Kim Junge Andersen
VP Group Finance & Investor Relations Jens Kr. Krogsgaard

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Investor presentation

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Chairman/CEO letter

Overall market and macroeconomic conditions in 2017 were positive for ROCKWOOL, particularly in the United States and key European markets.

Henrik Brandt & Jens Birgersson

Sales

Organic growth of 7.1%

EBIT margin

Up 0.4pp from last year

ROIC

Up from 15.8% last year

We achieved strong sales development with organic growth of 7.1 % and solid profitability with an EBIT margin of 10.8% driven by productivity and pricing improvements.

Net sales reached EUR 2,374 million; and EBIT, EUR 258 million. The positive development in net sales was due to good growth in volume in several main markets as well as increases in sales prices.

As our capacity utilisation increases and we continue to invest in digitalisation, innovation and automation to support our growth, we now step into a period with a higher level of investments and capital expenditure.

Henrik Brandt & Jens Birgersson

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