Rockwool Reports Third Quarter 2023 Earnings

Rockwool (CPH:ROCK B) Third Quarter 2023 Results

Key Financial Results

• Revenue: €904.0m (down 11% from 3Q 2022).
• Net income: €109.0m (up 142% from 3Q 2022).
• Profit margin: 12% (up from 4.5% in 3Q 2022). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rockwool Earnings Insights

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Building industry in Europe.

Performance of the market in Denmark.

The company's shares are up 5.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Rockwool you should be aware of, and 1 of them makes us a bit uncomfortable.

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