Denmark: Rockwool recorded consolidated net sales of Euro671m in the first quarter of 2021, up by 3% year-on-year from Euro649m in the first quarter of 2020. The group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 11% to Euro139m from Euro125m, while net profit rose by 11% to Euro68.0m from Euro61.0m. Its insulation segment’s net sales were Euro498m, up by 3% from Euro483m.
The producer said that increased construction activity and strong stone wool insulation demand drove its overall sales development. It forecast strong market conditions for the full year in 2021, resulting in sales growth of 10 – 12%. It added that productivity improvements and a moderate price increase would likely offset an expected rise in input costs.
