Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Rockwool International AS    ROCK B   DK0010219153

ROCKWOOL INTERNATIONAL AS

(ROCK B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Rockwool International : Q3 net sales recover well with strong profitability

11/25/2020 | 09:27am EST

Report on the first nine months of 2020
for ROCKWOOL International A/S
Release no. 63 – 2020
to Nasdaq Copenhagen

25 November 2020

Q3 net sales recover well with strong profitability
 

Highlights

  • Sales in the year’s first nine months reached EUR 1,902 million, a decrease of 5.6 percent in local currencies including a 0.6 percent positive impact from the acquisitions of Parafon in Sweden and Bestofire in Singapore.
     
  • In Q3 2020, sales reached EUR 670 million, a decrease of 2.3 percent in local currencies including a 0.6 percent positive impact from acquisitions. The decrease in reported figures was 5.1 percent.
     
  • EBITDA margin for Q3 2020 at 21.7 percent, up 1.6 percentage points from last year due to positive pricing, lower raw material costs and cost reductions.
     
  • EBIT in the first nine months was EUR 238 million, a decrease of 14.5 percent. At 12.5 percent, EBIT margin was down 1.1 percentage points from last year.

  • EBIT in Q3 2020 was EUR 100 million, same level as last year, equal to 14.9 percent EBIT margin, up 0.8 percentage points compared to same period last year.

  • Investments in the first nine months of 2020 excluding acquisitions reached EUR 243 million, down EUR 49 million compared to last year, primarily due to COVID-19 related delays in investment activities.

  • Annualised return on invested capital ended at 17.7 percent compared to 21.8 percent last year, a decrease of 4.1 percentage points due to lower earnings and higher invested capital.



Outlook 2020

  • Mid-single digit sales decline in local currencies.
     
  • EBIT margin is now expected to be between 12 and 13 percent.
     
  • Investment level is now expected to be below EUR 400 million excluding acquisitions.

CEO comment
Commenting on the Group’s performance, CEO Jens Birgersson says:

“While still slightly down year-on-year, Q3 sales bounced back well, up 17 percent from Q2. Our ability to quickly adapt to dynamic market conditions and keep costs under control continues to be key in maintaining robust profitability, as Q3 EBIT margin improved almost one percentage point compared to last year”. 

Further information:
Kim Junge Andersen, Chief Financial Officer
ROCKWOOL International A/S
+45 46 56 03 00

Conference call:
ROCKWOOL Group will host an earnings call on 26 November 2020 at 11.00 CET. To attend the conference call dial +45 35445577, +44 3333000804 or +1 6319131422. Passcode 22134854#. The conference call will be transmitted live on www.rockwoolgroup.com 

Attachment

  • SE-2020-63_EN

© OMX, source OMX

All news about ROCKWOOL INTERNATIONAL AS
01/20ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
PU
01/13ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
AQ
01/06ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
PU
2020ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
AQ
2020ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
PU
2020ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
AQ
2020ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
PU
2020ROCKWOOL INTERNATIONAL : announces ambitious global decarbonisation goals
PU
2020ROCKWOOL INTERNATIONAL : names new Group Management member
PU
2020ROCKWOOL INTERNATIONAL : A/S – transactions in connection with share buy-b..
AQ
More news
Financials
Sales 2020 2 595 M 3 143 M 3 143 M
Net income 2020 248 M 301 M 301 M
Net cash 2020 119 M 144 M 144 M
P/E ratio 2020 30,6x
Yield 2020 1,07%
Capitalization 7 160 M 8 694 M 8 671 M
EV / Sales 2020 2,71x
EV / Sales 2021 2,61x
Nbr of Employees 11 546
Free-Float 81,4%
Chart ROCKWOOL INTERNATIONAL AS
Duration : Period :
Rockwool International AS Technical Analysis Chart | ROCK B | DK0010219153 | MarketScreener
Technical analysis trends ROCKWOOL INTERNATIONAL AS
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 331,73 €
Last Close Price 348,62 €
Spread / Highest target 25,2%
Spread / Average Target -4,84%
Spread / Lowest Target -32,7%
EPS Revisions
Managers and Directors
NameTitle
Jens Birgersson President & Chief Executive Officer
Thomas Kähler Chairman
Bjørn Rici Andersen Senior VP-Group Operations & Technology
Kim Junge Andersen Chief Financial Officer & Senior Vice President
Peter Sloth Vagner Karlsen Vice President-Group Technology
Sector and Competitors
1st jan.Capitalization (M$)
ROCKWOOL INTERNATIONAL AS13.96%8 694
OWENS CORNING9.64%8 990
CORNERSTONE BUILDING BRANDS, INC.35.78%1 576
DARE POWER DEKOR HOME CO.,LTD.-11.17%1 047
ASPEN AEROGELS, INC.8.87%488
PFB CORPORATION-7.64%115