Report on the first half year of 2020
for ROCKWOOL International A/S
Release no. 44 – 2020
to Nasdaq Copenhagen
20 August 2020
Agile operations reduced impact from decreased sales, preserving double-digit profitability
- H1 2020 sales reached EUR 1,232 million, a decrease of 7.4 percent in local currencies including an impact of 0.6 percent from the Parafon acquisition in Sweden.
- In Q2 2020, sales reached EUR 583 million, a decrease of 15.0 percent in local currencies including an impact of 0.7 percent from the Parafon acquisition. The decrease in reported figures was 16.1 percent.
- EBIT in H1 2020 ended at EUR 138 million, a decrease of 22.7 percent. At 11.2 percent, EBIT margin was down 2.2 percentage points from last year.
- EBIT in Q2 2020 totalled EUR 58 million equal to 10.0 percent EBIT margin. While still double-digit, this was 3.2 percentage points lower, adjusted for one-off legal gain