Rockwool’s 2018 results were not as strong as expected despite an increase of over 30% in operating profits. More importantly, initial guidance for 2019 suggests significant downside to current consensus profit expectations. The stock has fallen sharply since its Q3 results last November and is likely to remain under pressure based on the latest update. Rockwool had regained some ground compared to Kingspan but is now falling back once again. This should be confirmed when Kingspan reports its 2018 results on February 22nd.
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