High Volume, Prices Affect ROCKWOOL Sales

ROCKWOOL had sales of €924 million in the first quarter of 2022, an increase of 38 per cent over sales in the first quarter of 2021. The increase was driven by high volume demand and sales price increases. Earnings before interest and taxes for the quarter were €102 million with an earnings margin of 11 per cent, down 2.3 per centage points year-over-year. The company says that as a consequence of the war in Ukraine, all investments in Russia were cancelled. ROCKWOOL in Russia is a stand-alone operation and continues to conduct business to avoid nationalization of assets and loss of unique intellectual property.