Rockwool stays confident

Danish stone wool supplier Rockwool International A/S (OMX: ROCK A, OMX: ROCK B) has been gaining steadily for the past few weeks. Last week the company announced its sales increase for the full year of 2011 was even larger than expected. The group’s after tax result will be over 600 million DKK against earlier estimates of 550 million. Mild winter weather in Europe and strong core demand has contributed to healthy sales over the early winter months.

Rockwool’s products are used for insulation purposes and other building-related uses such as in acoustic ceilings and cladding boards. The trend toward energy-efficient solutions, tight indoor climate demands and fire-safety regulations have worked in the group’s favour. Rockwool is striving to expand its business in the Americas and Asia. Despite challenging times and low visibility, the company felt confident enough to also communicate expectations for 2012 sales to grow by aproximately 5% and net result to be pretty much in line with 2011.