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ROCKWOOL Enjoys H1 2024 Growth Despite Various Challenges

Growth and Efficient Operations Drive H1 and Q2 2024 Sales and Earnings

Highlights of the WEB Report for the first half of 2024 for ROCKWOOL AS will be released shortly on Nasdaq Copenhagen (Release no 46 2024).

Growth Amidst Challenges

Despite facing macroeconomic headwinds, ROCKWOOL's growth trajectory continued in H1 2024.

Strong Sales and Earnings

– Sales increased by 10% year-over-year, reaching approximately DKK 10.1 billion ($1.5 billion). – Operating profit climbed by 16% to approximately DKK 1.4 billion ($210 million).

Capital Allocation and Dividend

Based on the solid financial performance, the company announced an upcoming dividend of 1080 per share.

Strategic Acquisitions

– Global Gate Capital acquired Allianz operations in Lebanon from Allianz SE. – XTRAALV's Growth-Tochter Flourish Mushroom Labs purchased technology rights and filed a patent.