Report on the first nine months of 2021
for ROCKWOOL International A/S
Release no. 21 – 2021
to Nasdaq Copenhagen
Conference call
ROCKWOOL Group will host an earnings call on 25 November 2021 at 11.00 CET. To attend the conference call dial
+45 35445577, +44 3333000804 or +1 6319131422. Passcode 79533601#. The call will be transmitted live on
www.rockwool.com/group/
1/13
24 November 2021
High construction activity resulted in solid Q3 sales growth, with
soaring energy prices requiring additional price increases.
Highlights
▪ Sales in the first nine months of 2021 reached 2 246 MEUR, an
increase of 19 percent in local currencies and 18 percent in
reported figures.
▪ Sales in Q3 2021 reached 797 MEUR, a growth of 18 percent
in local currencies compared to Q3 2020, driven by high
volume demand and sales price increases.
▪ EBITDA in the first nine months of 2021 reached 456 MEUR,
with a 20.3 percent EBITDA margin, up 0.6 percentage points
from last year. Strong leverage from sales growth contributed to
the result.
▪ EBITDA in Q3 2021 reached 157 MEUR, with a 19.7 percent
EBITDA margin, down 2.0 percentage points from Q3 2020.
High inflation on production materials and energy prices were
not fully compensated by sales price increases and cost actions
in the quarter.
▪ EBIT in the first nine months of 2021 increased 29 percent to
306 MEUR, with a 13.6 percent EBIT margin, up 1.1
percentage points from last year.
▪ EBIT in Q3 2021 increased six percent to 105 MEUR, with a
13.2 percent EBIT margin, down 1.7 percentage points from
Q3 2020.
▪ Investments excluding acquisitions reached 218 MEUR in the
first nine months of 2021, down 44 MEUR compared to last
year as the two large capacity expansions in Germany and the
United States were completed.
▪ Annualised return on invested capital reached 19.7 percent
compared to 17.7 percent last year, an increase due to higher
earnings.
Outlook 2021
▪ Growth in net sales around 17 percent in local currencies.
▪ EBIT margin above 13 percent.
▪ Investment level around 320 MEUR excluding acquisitions,
changed from previously around 370 MEUR.
“With construction activity booming in many markets, we
achieved double-digit sales growth in all business areas
and good profitability despite soaring energy and input
costs, a tight labour market and material shortages. We
are working hard to meet customer demand and overall
managing supply chain and logistics challenges well.
Nevertheless, the high cost increases we are seeing on
energy, production material and logistics are negatively
affecting margins, necessitating additional and more rapid
price increases, which are likely to continue in the coming
months”.
CEO Jens Birgersson
2/13
Main figures / key figures for the Group
Unaudited
Audited
Q3 2021
Q3 2020
YTD
Q3 2020
FY 2020
Income statement items in MEUR
Net sales
797
670
1 902
2 602
EBITDA
157
145
374
522
Amortisation, depreciation and write-downs
52
45
136
184
EBIT
105
100
238
338
Profit before tax
103
98
231
325
Profit for the period
79
77
178
251
Balance sheet items in MEUR
Non-current assets
1 901
1 927
Current assets
895
817
Total assets
2 796
2 744
Equity
2 031
2 092
Non-current liabilities
168
158
Current liabilities
597
494
Net interest-bearing cash / (debt)
62
95
Net working capital
249
213
Invested capital
1 950
1 961
Cash flow items in MEUR
Cash flow from operating activities
167
161
300
438
Cash flow from investing activities
74
72
262
362
Free cash flow
93
89
38
76
Others
Number of full-time employees (end of period)
11 546
11 448
Ratios
EBITDA margin
19.7%
21.7%
19.7%
20.1%
EBIT margin
13.2%
14.9%
12.5%
13.0%
ROIC (rolling 4 quarters)
17.7%
17.6%
Return on equity (rolling 4 quarters)
12.2%
11.9%
Equity ratio
72.5%
76.1%
Stock market information (DKK)
Earnings per share
27
26
60
86
Cash flow per share
58
55
103
150
Book value per share
687
707
Share capital (million)
220
220
Price per A share
2 159
2 075
Price per B share
2 447
2 296
Market cap (million)
49 626
47 062
Number of own shares
383 052
403 912
For definition of key figures and ratios see pg. 107 in the ROCKWOOL International A/S Annual Report 2020 available on our website:
www.rockwool.com/group/
3/13
Management report for the period
1 January to 30 September 2021
Global sales development
The positive sales trend seen in many parts of the world continues as the rapid
economic rebound is unfolding. Construction activity remains high. Strong demand for
non-combustible insulation and our other stone wool products resulted in double-digit
growth in all business areas in the Group. High activity levels have put a strain on the
entire economy causing supply chain disruptions and inflationary pressure on production
materials, energy prices and logistics. To meet customer demand most factories are
running at high capacity into the winter season.
In the first nine months of 2021, ROCKWOOL Group generated net sales of 2 246
MEUR, an increase of 19 percent in local currencies, with all business areas achieving
double-digit growth. Currency translation had a negative impact of one percent, which
resulted in a sales growth of 18 percent in reported figures. Volume increases were the
primary factor driving sales growth in the first nine months of the year.
Q3 sales reached 797 MEUR, an increase of 18 percent in local currencies, driven by
both volume and price increases. Exchange rates had a positive impact of one percent,
and sales increased 19 percent in reported figures.
Despite sales price increases in Q3, the soaring inflation on input costs, in particular
energy related costs, was not fully offset. Additional price increases have been initiated
in the fourth quarter and further price increases will be also be introduced from January.
Regional sales development
In the first nine months of 2021, sales in Western Europe amounted to 1 344 MEUR, up
16 percent in both local currencies and reported figures. Sales in all markets increased
compared to same period last year. In Q3 2021, sales amounted to 459 MEUR, an
increase of 11 percent in local currencies and 12 percent in reported figures. In Q3, the
sales growth was mainly driven by Germany, the United Kingdom, Italy, Denmark, and
Sweden.
In Eastern Europe, sales for the first nine months of 2021 amounted to 395 MEUR, an
increase of 25 percent in local currencies and 20 percent in reported figures due to a
significant negative currency translation impact, primarily caused by depreciation of the
Russian rouble. Sales in Q3 2021 amounted to 161 MEUR, up 36 percent in local
currencies and 35 percent in reported figures. Sales in most countries experienced
double-digit growth.
In the rest of the world, sales in the first nine months of 2021 amounted to 507 MEUR,
an increase of 25 percent in local currencies and 21 percent in reported figures as
primarily the U.S. dollar weakened against the euro. In Q3 2021, sales amounted to 177
MEUR, up 25 percent in local currencies and 27 percent in reported figures. North
America experienced particularly good growth while China and other parts of Asia were
still affected by COVID-19 with temporary close downs in some markets.
Group sales
+19%
Sales in Western Europe
+16%
Sales in Eastern Europe
+25%
Sales in rest of the world
+25%
4/13
Group profitability
During the first nine months of 2021, EBITDA increased 22 percent to 456 MEUR
resulting in an EBITDA margin of 20.3 percent compared to 19.7 percent for same
period last year. For Q3 2021, EBITDA amounted to 157 MEUR with an EBITDA margin
of 19.7 percent, down 2.0 percentage points from same quarter last year. The EBITDA
margin was highly impacted by accelerating inflation on production materials, energy
and logistics, which sales price increases, costs leverage, and cost actions did not fully
offset.
EBIT for the first nine months of 2021 increased 29 percent and reached 306 MEUR,
corresponding to a 13.6 percent EBIT margin – an increase of 1.1 percentage points. In
Q3 2021, EBIT amounted to 105 MEUR with an EBIT margin of 13.2 percent. EBIT was
impacted by higher depreciation primarily from the new production capacity in the United
States and Germany.
EBIT & EBIT margin
MEUR
The effective tax rate was 23.0 percent for the first nine months of 2021, up 0.2
percentage points from the same period last year as well as full year 2020.
Net profit for the first nine months of 2021 amounted to 231 MEUR, an improvement of
53 MEUR compared to last year.
1 155
1 344
330
395
417
507
0
250
500
750
1 000
1 250
1 500
1 750
2 000
YTD Q3 2020 YTD Q3 2021
Western Europe Eastern Europe incl. Russia North America, Asia and others
EBITDA margin
+0.6%-points
EBIT margin
+1.1%-points
77
102
99
94
80
58
100 100
90
111
105
0
20
40
60
80
100
120
Q1 Q2 Q3 Q4
2019 2020 2021
14.3%
Regional sales
MEUR
12.0%
14.7%
14.1%
13.2%
12.3%
10.0%
14.3%
22%
17%
61%
60%
18%
22%
13.3%
14.9%
13.2%
5/13
Balance sheet
Net working capital ended the first nine months of 2021 at 298 MEUR, an increase of 85
MEUR compared to year-end 2020, which follows the normal seasonality. The net
working capital ratio ended at 10.1 percent, which was 0.6 percentage points higher than
last year, due to higher trade receivables reflecting the sales growth and higher
inventory value from higher cost prices.
Despite the higher invested capital, annualised return on invested capital was 19.7
percent compared to 17.7 percent for the same period last year, with the increase
primarily linked to higher earnings.
Total assets at the end of the first nine months of 2021 amounted to 2 978 MEUR, an
increase of 182 MEUR compared to last year mainly from the ongoing investments and
increased trade receivables. The equity ratio at the end of the period was 76 percent.
Cash Flow
Cash flow from operations before financial items and tax in the first nine months of 2021
was 387 MEUR, up 19 MEUR from the same period last year.
Change in net working capital had a negative cash flow impact of 60 MEUR compared to
same period last year, primarily due to higher inventories as well as higher trade
receivables from the increased sales.
Capital expenditure excluding acquisitions during the first nine months of 2021 was 218
MEUR compared to 262 MEUR last year. The new factory in the United States, the
electrical melter conversion in Moss, the new Rockfon line in Poland, and the relocation
of one of the factories in China were the largest individual projects in first nine months of
2021. The new factory in the United States started commercial production in July 2021.
On 30 July 2021, ROCKWOOL Group closed the acquisition of a stone wool production
facility north of Tokyo for 6 MEUR. The acquisition will have limited financial impact in
2021.
Free cash flow for the first nine months of the year was 116 MEUR, an improvement of
78 MEUR compared to the same period last year.
Cash flow from financing was -139 MEUR, a decrease of 110 MEUR due to a partial
repayment of drawings on our credit facilities.
The Group remains cash positive with a net interest-bearing cash position of 98 MEUR,
and unused credit facilities of 555 MEUR.
ROIC
+2.0%-points
Operational cash flow before
financial items and tax
+19 MEUR
Free cash flow
+78 MEUR
6/13
Business segments
Key figures Insulation segment
MEUR
Q3 2021
Q3 2020
YTD
Q3 2021
YTD
Q3 2020
External net sales
604
502
1 670
1 423
EBIT
78
76
206
172
EBIT margin
11.2%
13.2%
10.7%
10.5%
Insulation segment sales for the first nine months of 2021 reached 1 670 MEUR, which
is an increase of 18 percent in local currencies and 17 percent in reported figures. In Q3
2021, sales reached 604 MEUR, up 20 percent in both local currencies and in reported
figures. All markets and businesses contributed positively.
Insulation segment EBIT for the first nine months of 2021 reached 206 MEUR with an
EBIT margin of 10.7 percent, an increase of 0.2 percentage points compared to the
same period last year. EBIT for Q3 2021 was 78 MEUR with an EBIT margin of 11.2
percent, down 2.0 percentage points from a favourable high level in Q3 2020. Sales
price increases did not fully offset the accelerating inflation on production materials,
energy and logistics costs. Start-up costs from the new factory in the United States also
impacted the earnings level.
486
483
498
533
438
568
541
502
604
517
491
0
155
166
173
162
145
210
165
168
193
198
209
0
0
100
200
300
400
500
600
700
800
900
2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020
Q1 Q2 Q3 Q4
55
56
59
68
40
69
76 76
78
70
64
22
24
31
34
18
42
23
24
27
24 36
0
20
40
60
80
100
120
Q1 Q2 Q3 Q4
111
Insulation sales
+18%
Insulation EBIT margin
+0.2%-points
Sales per business
EBIT per business
MEUR
MEUR
Systems
Insulation
Systems
Insulation
641
649
671
4
695
583
706
670
715
700
77
80
90
102
58
99
100
94
100
778
105
797
7/13
Key figures Systems segment
MEUR
Q3 2021
Q3 2020
YTD
Q3 2021
YTD
Q3 2020
External net sales
193
168
576
479
EBIT
27
24
100
66
EBIT margin
14.4%
14.3%
17.4%
13.8%
Systems segment sales for the first nine months of 2021 amounted to 576 MEUR, which
is an increase of 22 percent in local currencies and 20 percent in reported figures. In Q3
2021, sales amounted to 193 MEUR, up 14 percent in local currencies and 15 percent in
reported figures. All businesses contributed positively with double-digit growth.
In the first nine months of 2021, Systems segment generated an EBIT of 100 MEUR, an
increase of 51 percent and an EBIT margin of 17.4 percent. In Q3 2021, EBIT amounted
to 27 MEUR with an EBIT margin of 14.4 percent, at level with same period last year,
but a decrease of 5.7 percentage-points compared to Q2 2021. The decrease mainly
relates to an exceptional earnings level from favourable distributer sales in Q2 2021 and
impact from increased material costs in Q3 2021 in Systems segment.
Systems sales
+22%
Systems EBIT margin
+3.6%-points
8/13
Outlook for the full year 2021
Market conditions for the full year are expected to remain favourable. We see a broad-
based improvement in our larger European stone wool markets such as Germany,
Poland, France, and the United Kingdom as well as North America. Sales in Systems
segment is expected to show solid full year growth, although the growth is forecasted to
be moderate in fourth quarter.
We maintain our full year outlook for sales growth at around 17 percent, expecting a
growth for the last quarter above 10 percent.
We see continued soaring inflationary pressures on several input costs items such as
energy, packaging materials and logistics that put pressure on margins. This
necessitates additional price increases above the initial planned levels to restore
earnings levels. We maintain the outlook for EBIT margin at above 13 percent for the full
year.
We expect that the full year investment level excluding acquisitions will be around 320
MEUR, changed from previously around 370 MEUR. This is primarily due to
postponement of a number of smaller investment projects in the current heated business
environment.
2021 outlook overview
10 February 2021
6 May 2021
19 May 2021
13 August 2021
18 August 2021
24 November 2021
Net sales
in local currencies
Sales growth of
3-5 percent
Sales growth of
10-12 percent
Sales growth of
10-12 percent
Sales growth
around 17 percent
Sales growth
around 17 percent
Sales growth
around 17 percent
EBIT margin
Around 11 percent
Around 12 percent
Around 12 percent
Above 13 percent
Above 13 percent
Above 13 percent
Investments excluding
acquisitions
Around 370 MEUR
Around 370 MEUR
Around 370 MEUR
Around 370 MEUR
Around 370 MEUR
Around 320 MEUR
Further information:
Kim Junge Andersen, Chief Financial Officer
ROCKWOOL International A/S
+45 46 56 03 00
At ROCKWOOL Group, we are committed to enriching the lives of everyone who
experiences our products. Our expertise is perfectly suited to tackle many of today’s
biggest sustainability and development challenges, from energy consumption to noise
pollution and water scarcity to flooding. Our range of products reflects the diversity of the
world’s needs, supporting our stakeholders in reducing their own carbon footprint along
the way.
Stone wool is a versatile material and forms the basis of all our businesses. With more
than 11 800 passionate colleagues in 39 countries, we are the world leader in stone
wool solutions, from building insulation to acoustic ceilings, external cladding systems to
horticultural solutions, engineered fibres for industrial use to insulation for the process
industry and marine & offshore.
9/13
Management statement
The Board of Directors and the Registered Directors have today considered and
approved the interim report of ROCKWOOL International A/S for the first nine months of
2021.
This interim report, which has not been audited or reviewed by the ROCKWOOL Group
auditor, has been prepared in accordance with IAS 34 “Interim Financial Reporting”, as
approved by the EU and additional Danish interim reporting requirements for listed
companies.
In our opinion, the interim report presents a true and fair view of Group’s financial
position at 30 September 2021 and of the result from Group’s operations and cash flow
for the period 1 January to 30 September 2021.
Furthermore, we believe that the management report includes a true and fair
presentation about the development in the Group’s operations and financial matters, the
result for the period and the Group’s financial position overall as well as a description of
the most significant risks and uncertainties faced by the Group.
Besides what has been disclosed in this interim report no changes in the Group’s most
significant risks and uncertainties have occurred relative to what was disclosed in the
consolidated Annual Report for 2020.
24 November 2021
Registered Directors
Jens Birgersson
CEO
Kim Junge Andersen
CFO
Board of Directors
Thomas Kähler
Chairman
Carsten Bjerg
Deputy Chairman
Rebekka Glasser Herlofsen
Carsten Kähler
Andreas Ronken
Jørgen Tang-Jensen
Connie Enghus Theisen
Christian Westerberg
10/13
Income statement
Unaudited
Audited
MEUR
Q3 2020
YTD
Q3 2020
FY 2020
Net sales
670
1 902
2 602
Other operating income
2
4
6
Operating income
672
1 906
2 608
Raw material costs and production material costs
215
608
845
Delivery costs and indirect costs
93
266
363
Other external costs
47
141
184
Personnel costs
172
517
694
Operating costs
527
1 532
2 086
EBITDA
145
374
522
Amortisation, depreciation and write-downs
45
136
184
EBIT
100
238
338
Income from investments in associated companies
0
0
1
Financial items
-2
-7
-14
Profit before tax
98
231
325
Tax on profit for the period
21
53
74
Profit for the period
77
178
251
Profit for the period attributable to:
Non-controlling interests
0
0
0
Shareholders of ROCKWOOL International A/S
77
178
251
Earnings per share of DKK 10 (EUR 1.3)
3.5
8.1
11.5
Diluted earnings per share of DKK 10 (EUR 1.3)
3.5
8.1
11.5
Statement of comprehensive income
Unaudited
Audited
MEUR
Q3 2020
YTD
Q3 2020
FY 2020
Profit for the period
77
178
251
Items that will not be reclassified to income statement:
Actuarial gains and losses of pension obligations
0
0
-3
Tax on other comprehensive income
0
0
4
Items that may be subsequently reclassified to income statement:
Currency adjustment from translation of entities
-48
-104
-108
Hedging instruments, value adjustments
0
2
2
Tax on other comprehensive income
0
0
-2
Other comprehensive income
-48
-102
-107
Comprehensive income for the period
29
76
144
Comprehensive income for the period attributable to:
Non-controlling interests
0
0
0
Shareholders of ROCKWOOL International A/S
29
76
144
11/13
Business segments and sales reporting
Unaudited
YTD Q3
Insulation segment
Systems segment
Eliminations
ROCKWOOL Group
MEUR
2020
2021
2021
2021
2020
External net sales
1 423
576
-
2 246
1 902
Internal net sales
208
-
-249
-
-
EBIT
172
100
-
306
238
EBIT margin
10.5%
17.4%
13.6%
12.5%
Goods transferred at a point in time
1 423
576
2 246
1 902
Geographical split of net sales
MEUR
Q3 2020
YTD
Q3 2020
FY 2020
Western Europe
411
1 155
1 575
Eastern Europe and Russia
120
330
449
North America, Asia and others
139
417
578
Total net sales
670
1 902
2 602
Balance sheet
(condensed)
Unaudited
Audited
MEUR
Q3 2020
FY 2020
Assets
Intangible assets
188
181
Tangible assets
1 591
1 632
Right-of-use assets
44
44
Other financial assets
21
16
Deferred tax assets
57
54
Non-current assets
1 901
1 927
Inventories
244
216
Receivables
389
360
Cash
262
241
Current assets
895
817
Total assets
2 796
2 744
Equity and liabilities
Share capital
29
29
Currency translation adjustments
-207
-212
Proposed dividend
0
94
Retained earnings
2 204
2 178
Hedging
1
-1
Non-controlling interests
4
4
Total equity
2 031
2 092
Non-current liabilities
168
158
Current liabilities
597
494
Total liabilities
765
652
Total equity and liabilities
2 796
2 744
12/13
Cash flow statement
(condensed)
Unaudited
Audited
MEUR
Q3 2020
YTD
Q3 2020
FY 2020
EBIT
100
238
338
Adjustments for amortisation, depreciation and write-downs
45
136
184
Adjustments of non-cash operating items
6
6
7
Changes in net working capital
27
-12
27
Cash flow from operations before financial items and tax
178
368
556
Cash flow from operating activities
161
300
438
Cash flow from investing activities
-67
-262
-362
Received investment grants
0
19
19
Business acquisitions, net of cash
-5
-19
-19
Free cash flow
89
38
76
Cash flow from financing activities
-30
-29
-92
Net cash flow
59
9
-16
Cash available – beginning of period
207
269
269
Exchange rate adjustments on cash available
-4
-16
-13
Cash available – end of period
262
262
240
Unutilised, committed credit facilities
630
630
Statement of changes in the equity
Unaudited
Shareholders of ROCKWOOL International A/S
MEUR
Share
capital
Currency
translation
adjustments
Proposed
dividend
Retained
earnings
Hedging
Total
Non-
controlling
interests
Total
equity
Equity 1 January 2021
29
-212
94
2 178
-1
2 088
4
2 092
Profit for the period
231
231
231
Other comprehensive income
49
49
-1
48
Comprehensive income for the period
-
49
-
231
-
280
-1
279
Share buy-back programme
-3
-3
-3
Purchase of own shares
-3
-3
-3
Sale of own shares
1
1
1
Expensed value of Restricted Share Units issued
1
1
1
Dividend paid
-94
2
-92
-92
Equity 30 September 2021
29
-163
0
2 407
-1
2 272
3
2 275
Equity 1 January 2020
29
-104
94
2 096
-1
2 114
4
2 118
Profit for the period
178
178
178
Other comprehensive income
-104
2
-102
-102
Comprehensive income for the period
0
-104
0
178
2
76
0
76
Share buy-back programme
-70
-70
-70
Purchase of own shares
-3
-3
-3
Sale of own shares
2
2
2
Expensed value of Restricted Share Units issued
1
1
1
Dividend paid
1
-94
-93
-93
Equity 30 September 2020
29
-207
0
2 204
1
2 027
4
2 031
13/13
Main figures in DKK million
Unaudited
Audited
MDKK
Q3 2020
YTD
Q3 2021
FY 2020
Net sales
4 968
16 706
19 397
Amortisation, depreciation and write-downs
341
1 114
1 370
EBIT
741
2 280
2 519
Profit before tax
726
2 233
2 422
Profit for the period
573
1 719
1 871
Total assets
22 146
20 410
Equity
16 914
15 566
Cash flow from operating activities
1 201
2 537
3 261
Cash flow from investing activities
533
1 675
2 690
Exchange rate
7.44
7.44
7.45
Accounting policies
This unaudited interim report has been prepared in accordance with IAS 34 and additional Danish regulations for the
presentation of quarterly interim reports by listed companies. The interim report has been prepared in accordance with the
accounting policies set out in the Annual Report for 2020 with no significant changes.
Significant accounting estimates and assumptions
In preparing this interim report Management has made various accounting estimates and assumptions that may significantly
influence the amounts recognised in the Consolidated Financial Statement and related information at the reporting date. The
accounting estimates and assumptions which Management considers to be material for the preparation and understanding
of the interim report are stated in Note 5.5 in the Annual Report 2020 and primarily relates to impairment testing, expected
lifetime for tangible assets, deferred tax assets and uncertain tax positions and pension obligations.
Disclaimer
The statements on the future in this report, including expected sales and earnings, are associated with risks and
uncertainties and may be affected by factors influencing the activities of the Group, e.g. the global economic environment,
including interest and exchange rate developments, the raw material situation, production and distribution-related issues,
breach of contract or unexpected termination of contract, price reductions due to market-driven price reductions, market
acceptance of new products, launches of competitive products and other unforeseen factors.
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International A/SDenmarkAktieselskabDenmarkHovedgaden 584, 2640 HedehuseneGlobalThe purpose of the company is domestically and globally, amongst others by investing in other companies, to run industry, trade and service related activities as well as companies related to this, and to run investment activities.N/AROCKWOOL International A/SInterim report (other than 6 months)No audit assistanceParsePort XBRL Converter2021-01-012021-09-302020-01-012020-09-30213800QRC7LNX935OZ09ROCKWOOL International A/SReporting class D54879415Hovedgaden5842640HedehuseneDenmark4546560300www.rockwool.com/group/2021-11-24Jens BirgerssonCEOKim Junge AndersenCFOThomas KählerChairmanCarsten BjergDeputy ChairmanRebekka Glasser HerlofsenCarsten KählerAndreas RonkenJørgen Tang-JensenConnie Enghus TheisenChristian Westerberg213800QRC7LNX935OZ0954879415ROCKWOOL International A/SHovedgaden 5842640 Hedehusene231231-231