Capital Market Day 2015 - new financial ambitions
Hedehusene, Denmark, 2015-11-23 08:07 CET (GLOBE NEWSWIRE) --
Release no. 13 – 2015
To Nasdaq Copenhagen
ROCKWOOL International A/S
Hovedgaden 584, Entrance C
DK�2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
Danish CVR no: 54879415
23 November 2015
Capital Market Day 2015 - new financial ambitions
Today, the ROCKWOOL Group is hosting a Capital Market Day starting at 10:30 (CET).
Executive Management will present the new financial ambitions for the period 2016-2018 as approved by the Board of Directors today:
* Organic sales growth 2-4% per annum
* Gradual improvement of EBIT margin to 10% in 2018
* Gradual improvement of Return on Invested Capital to 14-15% in 2018
As a boundary condition, the Equity ratio shall remain above 60% to counterbalance high operational leverage and cyclical end markets. The realisation of the goals is based on the assumption that no major acquisitions take place.
At the Capital Market Day we will provide more details of the recently announced ROCKWOOL Business Transformation Program as well as an update on our ceiling business in the U.S.
The day will include the following presentations:
* Q3 update by Gilles Maria, CFO
* The ROCKWOOL Business Transformation Program by Jens Birgersson, CEO
* The Regional strategy revisited by Jens Birgersson, CEO
* Leveraging our Systems business – the US ceiling market by John Medio, Managing Director, ROCKFON North America
* Strengthening operations and simplifying the organisation by Jens Birgersson CEO
* Impact on financial ambitions by Gilles Maria, CFO
The event will be streamed live via webcast and presentations will be made available after the event at the following link: www.rockwool.com/cmd
Further information: Gilles Maria
CFO
ROCKWOOL International A/S
+45 46 56 03 00
Vedhæftede filer: