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Homebuilder News

Legalshield Law Index Points To Rise In Home Construction, But Trade Conflicts Are Driving Up The Cost Of Materials
ADA, OKLAHOMA - May 8, 2018 (Investorideas.com Newswire) Released today, the LegalShield Housing Activity Index, a leading indicator of housing starts and a component of the broader LegalShield Law Index, suggests there is reason for optimism about increasing housing construction momentum this year

Demand for Reactive Adhesives and Sealants to Reach 1.3 Billion Pounds in 2022
May 2, 2018 (Investorideas.com Newswire) Demand for reactive adhesives and sealants is projected to rise 3.0% per year to 1.3 billion pounds in 2022, valued at $4.8 billion. The leading reactive adhesive and sealant chemistries are silicones, polyurethanes, epoxies, and polysulfides.

Atrium Mortgage Investment Corporation (TSX: AI) Announces May 2018 Dividend
Toronto, Ontario - May 1, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of May 2018 of $0.075 per common share, to be paid June 12, 2018 to shareholders of record May 31, 2018.

Gardening Hand Tool Sales to Reach $738 Million in 2022
April 30, 2018 (Investorideas.com Newswire) Demand for gardening hand tools totaled $654 million in 2017, increasing only 0.6% annually between 2012 and 2017.

Cooling Systems Stock Now in Position to Take Off Higher
April 19, 2018 (Investorideas.com Newswire) Clive Maund provides a technical analysis on an energy efficiency company that he believes is a buy.

Wood Moulding and Trim Demand to Grow 3.7% Annually Through 2022
April 16, 2018 (Investorideas.com Newswire) Interior moulding is expected to continue to account for the majority of wood moulding and trim.

Legalshield Index: Housing Market Poised For Rebound - But Potential Tariff Battle And Rising Interest Rates Could Weaken Construction Investment
ADA, OKLAHOMA - April 9, 2018 (Investorideas.com Newswire) Released today, the LegalShield Housing Activity Index, a leading indicator of housing starts and a component of the broader LegalShield Law Index, ticked down in March, but remains up 2.8 percent compared to a year ago, suggesting there is reason for optimism regarding housing construction momentum in 2018.

Investing in the Modern Age
April 6, 2018 (Investorideas.com Newswire) A while back if you asked people about investing, it was assumed you were into property or stocks/bonds.

Clothes Washer Demand to Exceed 10 Million Units in 2022
March 28, 2018 (Investorideas.com Newswire) Demand for clothes washers is forecast to increase less than 1% per year through 2022 to 10.1 million units.

Engineered Stone Countertop Demand to Grow 4.5% Annually Through 2022
March 26, 2018 (Investorideas.com Newswire) Engineered stone is forecast to be the fastest growing countertop surface material, reaching 152 million square feet in 2022 on yearly advances of 4.5%.

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Construction and Materials News from Globe Newswire

VINCI : DISCLOSURE OF THE NUMBER OF SHARES FORMING THE CAPITAL AND OF THE TOTAL NUMBER OF VOTING RIGHTS AS OF 30 APRIL 2018

French public limited company (société anonyme)
with a share capital of €1,479,812,285.00
Registered office : 1, cours Ferdinand de Lesseps
92500 Rueil-Malmaison - France
552 037 806 RCS Nanterre
www.vinci.com

DISCLOSURE
OF THE NUMBER OF SHARES FORMING THE CAPITAL
AND OF THE TOTAL NUMBER OF VOTING RIGHTS  
AS OF 30 APRIL 2018

Total number of shares 592,116,645
Theoretical number of voting rights
(including treasury stock)
592,116,645
Number of voting rights (excluding treasury stock) 553,565,096

This disclosure is on VINCI web site www.vinci.com
 (section investors/group/regulatory information/7. monthly information concerning the total number of voting rights and shares that make up the company's capital).

Attachment

Boise Cascade earns APA top safety recognition

For immediate release: May 18, 2018

BOISE, Idaho - Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today that two of its mills won Safety Innovation Awards from the APA Engineered Wood Association, and several mills earned recognition for safety accomplishments. The APA sponsors this annual Safety & Health awards program to showcase ongoing mill safety enhancement efforts and share them within the industry.

The innovation category is designed to recognize a novel, grassroots solution that is proven to reduce on-the-job injuries or improve safety awareness. There are two categories: process-based innovations and equipment-based innovations, and Boise Cascade swept both for 2017!

"These awards represent the continuing cultural shift towards a proactive safety program at Boise Cascade," said Terry Evans, Wood Products Division Safety Manager. "We have been on an improvement journey for several years, and now the hard work of our teams in the mills has netted two innovations awards in a single year."

 The Boise Cascade Plywood Mill in Oakdale, Louisiana earned first place for creating an in-house safety video. The dryer grading training video covers topics such as using personal protective equipment, properly grading and stacking veneer, high-pressure dryer hazards, and splinter reduction, which had become an incident trend in this part of the mill. As a result of the training, the injury trends are reversing.

The Veneer Mill in Willamina, Oregon won for a home-grown equipment innovation. The mill was encountering increasing incidents from veneer debris flying off the machinery due to its belt speed. The mill safety committee brainstormed solutions to address the issue, which resulted in a millwright employee designing, building and installing an innovative device that effectively held down the material on the belt to eliminate the airborne hazard.

There were several other highlights on the APA's Safety & Health Honor Roll. Boise Cascade's plywood mills in Chester, Kettle Falls and Elgin had the lowest, second lowest and third lowest (respectively) weighted incident rates. Weighted incident rate is a combination of incident severity and frequency. Boise Cascade's plywood mills were five of the lowest six mills per weighted incident rate, all of which were at or below the industry average weighted incident rate of 8.43, and the top four mills were below the industry total incident rate (the traditional OSHA recordable rate) of 1.77. The Chester mill garnered another award for being the most improved mill over a three year period.

"We congratulate Boise Cascade on their achievements in the 2017 APA Safety and Health Awards program," said Ed Elias, APA President. "The objective of this awards program is to work with the manufacturers to ensure that all employees go home to their families at the end of each shift, safe and healthy. To that end, the innovations that Boise Cascade introduced in their facilities, and the stellar records achieved in the plywood mills, speak to a strong corporate commitment to the safety and well-being of all employees."

APA staff will travel to the mill locations to present the awards, as well as recognize these safety accomplishments at the annual meeting later this year.

 

About Boise Cascade

Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please visit our website at www.bc.com.

AAON Announces 23% Increase in Cash Dividend and Stock Buyback Program

TULSA, Okla., May 18, 2018 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ:AAON), today announced that its Board of Directors has declared a $0.03 increase in the Company’s regular semi-annual cash dividend, to $0.16 per share or $0.32 annually (a 23% increase from the previous $0.13 per share or $0.26 annually).  The next cash dividend will be payable on July 6, 2018, to stockholders of record as of the close of business on June 8, 2018.

The Board of Directors also authorized the Company to make up to $15.0 million in purchases of shares of the Company’s common stock in accordance with a pre-arranged stock repurchase plan adopted by the Company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.  Repurchases under the Company’s 10b5-1 plan will be administered through an independent broker and will cover the repurchase of shares commencing June 1, 2018 and expiring March 1, 2019.  Repurchases are subject to SEC regulations as well as certain market volume, price and timing limitations as set forth in the 10b5-1 plan.  All shares repurchased under the plan will be restored to the status of authorized but unissued stock.

Norman H. Asbjornson, CEO, stated, “The Company’s strong capital position and prospects for accelerated growth allow us to provide tangible value to our stockholders through the increased cash dividend.”

Gary D. Fields, President, stated, “We continually strive to create value for our stockholders and are pleased our current financial strength enables us to initiate the stock buyback program at this time.  At current market prices, we believe the stock buyback program provides a compelling way to continue delivering value to our stockholders.”

About AAON
AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recover units, condensing units, geothermal/water-source heat pumps and coils.  Since the founding of AAON in 1988, AAON has maintained a commitment to design, develop, manufacture and deliver heating and cooling products to perform beyond all expectations and demonstrate the value of AAON to our customers.  For more information, please visit www.aaon.com.

Certain statements in this news release may be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended.  Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements.                           

 
For Further Information:
Jerry R. Levine • Phone: (914) 244-0292 • Fax: (914) 244-0295
Email: jrladvisor@yahoo.com

 

 

New Children’s Hospital completed and handed over to client ahead of schedule

SRV GROUP PLC                        PRESS RELEASE                                      18 MAY 2018 AT 13.00

New Children’s Hospital completed and handed over to client ahead of schedule

Construction of the New Children’s Hospital at Meilahti, Helsinki has been completed. The project’s main contractor SRV has handed over the hospital to its future user, the Hospital District of Helsinki and Uusimaa (HUS) at the end of April, two months ahead of schedule. The original target date for completion was the end of June. The New Children’s Hospital will open in autumn 2018 and it will replace the out-dated premises of the present Children’s Hospital and Children’s Castle Hospital.

Construction of the New Children’s Hospital began in August 2014 with earth construction and excavation work. Preparations for the future commissioning of the building have already been made during the construction phase, for example by installing fixed hospital equipment while construction was ongoing. During construction, the site has been visited for familiarisation and orientation by over 1,000 representatives of the future user of the premises. Following the hand-over at the end of April, the user has intensified its preparations for the future use of the hospital by patients.

“From the very start, the determining factor in the New Children’s Hospital construction project has been cooperation. Indeed, the project originally got off the ground thanks to the cooperation of donors. Construction began and advanced through the excellent cooperation of the developer, users, designers, contractors and over 300 subcontractors. This has truly been a joint effort, and that’s why this is a very special project not only for SRV but also for the history of Finnish hospital construction. The New Children’s Hospital has been in many ways technically challenging construction project, and when the work began the plans had been finalised only to an exceptionally low degree. Ultimately, however, particularly due to the effective cooperation between those involved, we managed to hand over the hospital ahead of schedule. Many thanks are due to everyone who participated in the project,” says SRV’s Project Manager, Mirja Serenius.

The New Children’s Hospital has eight floors above ground, a basement, and a machine room floor located on the roof. The hospital will have within it a stunning 2,069 rooms, including 12 operating rooms, 16 intensive care units, 118 wards and 220 consultation or rehabilitation rooms. The floor area of the building is 48,000 square meters, equivalent to six football pitches. The internal volume of the hospital (230,000 m3) is equivalent to two Finnish Parliament buildings. The hospital’s imposing façade is decorated with 180 colourful glass panels and a total of 13,000 ceramic planks. During the entire construction period, more than 3,600 people worked on the site for a total of 700 person-years.

The frame implementation method selected for the hospital combined cast-in-place and prefabricated element options, which enabled the frame to be erected quickly. The frame was made to be flexibly modifiable, so that in the future the premises can be modified according to need. During construction, there was a strong emphasis on moisture and cleanliness management.

“To ensure that the New Children’s Hospital would be as safe and healthy as possible for its future users, moisture and dust management during construction was extremely important. The building materials selected included the cleanest materials and a concrete grade that dried fast. An important factor was the rapid closure of the shell of the building, so that interior work could be carried out right from the beginning, protected from the weather. A Healthy Building consultant participated in the project, and the drying of all floor structures was checked by a third party before installation of floor surfacing commenced. A more demanding construction cleanliness class was complied with during construction, in order that dust-creating work did not take place in the same section during the installation of ventilation ducts, for example” says Site Manager, Matti Julin.

SRV’s strong role as a hospital builder is reflected not only in the now-completed New Children’s Hospital, but also in other projects under way, such as the Siltasairaala Hospital in Helsinki, the new building project in the front yard at TAYS Central Hospital in Tampere, and Central Finland’s Hospital Nova in Jyväskylä. The total value of the hospital and healthcare projects being built by SRV, after the completion of the New Children’s Hospital, is EUR 703 million.

“The New Children’s Hospital is an excellent example of a challenging project in which open cooperation, careful advance planning and appropriate solutions found through good teamwork have helped achieve tight targets. SRV has expertise in hospital and healthcare buildings, accumulated over the years in often challenging projects. This, in addition to cooperation, has helped us develop operating practices and solutions expressly suited to hospitals,” says SRV’s Juha Toimela, SVP, Operations in Finland.

Further information:
Juha Toimela, SVP, Operations in Finland, tel. +358 40 594 5473, juha.toimela@srv.fi
Mirja Serenius, Project Manager, tel. +358 40 766 2130, mirja.serenius@srv.fi
Matti Julin, Site Manager, tel. +358 400 704 293, matti.julin@srv.fi 
Heidi Tetteh, Communications manager, tel. +358 40 662 3220, heidi.tetteh@srv.fi

www.srv.fi

You can also find us in the social media:
Facebook   LinkedIn   Twitter   Instagram

SRV – Building for life

Strong first quarter performance supports positive outlook for the year

First quarter report of 2018
for ROCKWOOL International A/S
Release no. 8 – 2018
to Nasdaq Copenhagen

18 May 2018


Strong first quarter performance supports positive outlook for the year


 

Highlights

  • Sales in Q1 2018 reached EUR 603 million, a growth of 17 percent in local currencies including acquisitions, which contributed three percentage points. The negative currency impact was four percentage points.
  • EBIT in Q1 2018 increased 53 percent to EUR 70 million, with an 11.6 percent EBIT margin, up three percentage points from last year.
  • Investments reached EUR 48 million, up EUR 13 million compared to last year, primarily due to ongoing expansions in Poland and the United States.
  • Annualised return on invested capital reached 18.6 percent compared to 15.5 percent last year, driven by higher operational earnings. 
  • In addition, ROCKWOOL publishes its 2017 Sustainability Report, available online at www.rockwoolgroup.com.

 
Outlook 2018

  • Growth in net sales is expected to reach 7-10 percent in local currencies, including around two percent from the acquisition of Flumroc. With lower comparables, we expect higher growth rates in the first half of the year.
  • EBIT margin is expected to reach around 13 percent (as announced on 30 April 2018).
  • Investment level excluding acquisitions is expected to be around EUR 260 million from previously EUR 230 million, mainly related to investment in the UK to increase capacity.

CEO comment
Commenting on the Group’s performance, CEO Jens Birgersson says:

“The strong first quarter performance is primarily driven by growing demand for our non-combustible insulation as well as our focus on productivity improvements and pricing. Owing to our broad-based manufacturing footprint, particularly in Europe, we are able to flexibly service growing customer demand, even if this results in somewhat increased logistics costs”.

Further information:
Kim Junge Andersen, Chief Financial Officer
ROCKWOOL International A/S
+45 46 56 03 00

Conference call:
The ROCKWOOL Group will host an earning call on 18 May 2018 at 11.00 CET. To attend the conference call dial +4570223500, +44(0)2075721187 or +1 6467224972. Passcode 19660074#. The conference call will be transmitted live on www.rockwoolgroup.com

Attachment

Subscribe to Construction and Materials News

Real Estate News from Globe Newswire

VINCI : DISCLOSURE OF THE NUMBER OF SHARES FORMING THE CAPITAL AND OF THE TOTAL NUMBER OF VOTING RIGHTS AS OF 30 APRIL 2018

French public limited company (société anonyme)
with a share capital of €1,479,812,285.00
Registered office : 1, cours Ferdinand de Lesseps
92500 Rueil-Malmaison - France
552 037 806 RCS Nanterre
www.vinci.com

DISCLOSURE
OF THE NUMBER OF SHARES FORMING THE CAPITAL
AND OF THE TOTAL NUMBER OF VOTING RIGHTS  
AS OF 30 APRIL 2018

Total number of shares 592,116,645
Theoretical number of voting rights
(including treasury stock)
592,116,645
Number of voting rights (excluding treasury stock) 553,565,096

This disclosure is on VINCI web site www.vinci.com
 (section investors/group/regulatory information/7. monthly information concerning the total number of voting rights and shares that make up the company's capital).

Attachment

Boise Cascade earns APA top safety recognition

For immediate release: May 18, 2018

BOISE, Idaho - Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today that two of its mills won Safety Innovation Awards from the APA Engineered Wood Association, and several mills earned recognition for safety accomplishments. The APA sponsors this annual Safety & Health awards program to showcase ongoing mill safety enhancement efforts and share them within the industry.

The innovation category is designed to recognize a novel, grassroots solution that is proven to reduce on-the-job injuries or improve safety awareness. There are two categories: process-based innovations and equipment-based innovations, and Boise Cascade swept both for 2017!

"These awards represent the continuing cultural shift towards a proactive safety program at Boise Cascade," said Terry Evans, Wood Products Division Safety Manager. "We have been on an improvement journey for several years, and now the hard work of our teams in the mills has netted two innovations awards in a single year."

 The Boise Cascade Plywood Mill in Oakdale, Louisiana earned first place for creating an in-house safety video. The dryer grading training video covers topics such as using personal protective equipment, properly grading and stacking veneer, high-pressure dryer hazards, and splinter reduction, which had become an incident trend in this part of the mill. As a result of the training, the injury trends are reversing.

The Veneer Mill in Willamina, Oregon won for a home-grown equipment innovation. The mill was encountering increasing incidents from veneer debris flying off the machinery due to its belt speed. The mill safety committee brainstormed solutions to address the issue, which resulted in a millwright employee designing, building and installing an innovative device that effectively held down the material on the belt to eliminate the airborne hazard.

There were several other highlights on the APA's Safety & Health Honor Roll. Boise Cascade's plywood mills in Chester, Kettle Falls and Elgin had the lowest, second lowest and third lowest (respectively) weighted incident rates. Weighted incident rate is a combination of incident severity and frequency. Boise Cascade's plywood mills were five of the lowest six mills per weighted incident rate, all of which were at or below the industry average weighted incident rate of 8.43, and the top four mills were below the industry total incident rate (the traditional OSHA recordable rate) of 1.77. The Chester mill garnered another award for being the most improved mill over a three year period.

"We congratulate Boise Cascade on their achievements in the 2017 APA Safety and Health Awards program," said Ed Elias, APA President. "The objective of this awards program is to work with the manufacturers to ensure that all employees go home to their families at the end of each shift, safe and healthy. To that end, the innovations that Boise Cascade introduced in their facilities, and the stellar records achieved in the plywood mills, speak to a strong corporate commitment to the safety and well-being of all employees."

APA staff will travel to the mill locations to present the awards, as well as recognize these safety accomplishments at the annual meeting later this year.

 

About Boise Cascade

Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please visit our website at www.bc.com.

AAON Announces 23% Increase in Cash Dividend and Stock Buyback Program

TULSA, Okla., May 18, 2018 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ:AAON), today announced that its Board of Directors has declared a $0.03 increase in the Company’s regular semi-annual cash dividend, to $0.16 per share or $0.32 annually (a 23% increase from the previous $0.13 per share or $0.26 annually).  The next cash dividend will be payable on July 6, 2018, to stockholders of record as of the close of business on June 8, 2018.

The Board of Directors also authorized the Company to make up to $15.0 million in purchases of shares of the Company’s common stock in accordance with a pre-arranged stock repurchase plan adopted by the Company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.  Repurchases under the Company’s 10b5-1 plan will be administered through an independent broker and will cover the repurchase of shares commencing June 1, 2018 and expiring March 1, 2019.  Repurchases are subject to SEC regulations as well as certain market volume, price and timing limitations as set forth in the 10b5-1 plan.  All shares repurchased under the plan will be restored to the status of authorized but unissued stock.

Norman H. Asbjornson, CEO, stated, “The Company’s strong capital position and prospects for accelerated growth allow us to provide tangible value to our stockholders through the increased cash dividend.”

Gary D. Fields, President, stated, “We continually strive to create value for our stockholders and are pleased our current financial strength enables us to initiate the stock buyback program at this time.  At current market prices, we believe the stock buyback program provides a compelling way to continue delivering value to our stockholders.”

About AAON
AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recover units, condensing units, geothermal/water-source heat pumps and coils.  Since the founding of AAON in 1988, AAON has maintained a commitment to design, develop, manufacture and deliver heating and cooling products to perform beyond all expectations and demonstrate the value of AAON to our customers.  For more information, please visit www.aaon.com.

Certain statements in this news release may be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended.  Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements.                           

 
For Further Information:
Jerry R. Levine • Phone: (914) 244-0292 • Fax: (914) 244-0295
Email: jrladvisor@yahoo.com

 

 

New Children’s Hospital completed and handed over to client ahead of schedule

SRV GROUP PLC                        PRESS RELEASE                                      18 MAY 2018 AT 13.00

New Children’s Hospital completed and handed over to client ahead of schedule

Construction of the New Children’s Hospital at Meilahti, Helsinki has been completed. The project’s main contractor SRV has handed over the hospital to its future user, the Hospital District of Helsinki and Uusimaa (HUS) at the end of April, two months ahead of schedule. The original target date for completion was the end of June. The New Children’s Hospital will open in autumn 2018 and it will replace the out-dated premises of the present Children’s Hospital and Children’s Castle Hospital.

Construction of the New Children’s Hospital began in August 2014 with earth construction and excavation work. Preparations for the future commissioning of the building have already been made during the construction phase, for example by installing fixed hospital equipment while construction was ongoing. During construction, the site has been visited for familiarisation and orientation by over 1,000 representatives of the future user of the premises. Following the hand-over at the end of April, the user has intensified its preparations for the future use of the hospital by patients.

“From the very start, the determining factor in the New Children’s Hospital construction project has been cooperation. Indeed, the project originally got off the ground thanks to the cooperation of donors. Construction began and advanced through the excellent cooperation of the developer, users, designers, contractors and over 300 subcontractors. This has truly been a joint effort, and that’s why this is a very special project not only for SRV but also for the history of Finnish hospital construction. The New Children’s Hospital has been in many ways technically challenging construction project, and when the work began the plans had been finalised only to an exceptionally low degree. Ultimately, however, particularly due to the effective cooperation between those involved, we managed to hand over the hospital ahead of schedule. Many thanks are due to everyone who participated in the project,” says SRV’s Project Manager, Mirja Serenius.

The New Children’s Hospital has eight floors above ground, a basement, and a machine room floor located on the roof. The hospital will have within it a stunning 2,069 rooms, including 12 operating rooms, 16 intensive care units, 118 wards and 220 consultation or rehabilitation rooms. The floor area of the building is 48,000 square meters, equivalent to six football pitches. The internal volume of the hospital (230,000 m3) is equivalent to two Finnish Parliament buildings. The hospital’s imposing façade is decorated with 180 colourful glass panels and a total of 13,000 ceramic planks. During the entire construction period, more than 3,600 people worked on the site for a total of 700 person-years.

The frame implementation method selected for the hospital combined cast-in-place and prefabricated element options, which enabled the frame to be erected quickly. The frame was made to be flexibly modifiable, so that in the future the premises can be modified according to need. During construction, there was a strong emphasis on moisture and cleanliness management.

“To ensure that the New Children’s Hospital would be as safe and healthy as possible for its future users, moisture and dust management during construction was extremely important. The building materials selected included the cleanest materials and a concrete grade that dried fast. An important factor was the rapid closure of the shell of the building, so that interior work could be carried out right from the beginning, protected from the weather. A Healthy Building consultant participated in the project, and the drying of all floor structures was checked by a third party before installation of floor surfacing commenced. A more demanding construction cleanliness class was complied with during construction, in order that dust-creating work did not take place in the same section during the installation of ventilation ducts, for example” says Site Manager, Matti Julin.

SRV’s strong role as a hospital builder is reflected not only in the now-completed New Children’s Hospital, but also in other projects under way, such as the Siltasairaala Hospital in Helsinki, the new building project in the front yard at TAYS Central Hospital in Tampere, and Central Finland’s Hospital Nova in Jyväskylä. The total value of the hospital and healthcare projects being built by SRV, after the completion of the New Children’s Hospital, is EUR 703 million.

“The New Children’s Hospital is an excellent example of a challenging project in which open cooperation, careful advance planning and appropriate solutions found through good teamwork have helped achieve tight targets. SRV has expertise in hospital and healthcare buildings, accumulated over the years in often challenging projects. This, in addition to cooperation, has helped us develop operating practices and solutions expressly suited to hospitals,” says SRV’s Juha Toimela, SVP, Operations in Finland.

Further information:
Juha Toimela, SVP, Operations in Finland, tel. +358 40 594 5473, juha.toimela@srv.fi
Mirja Serenius, Project Manager, tel. +358 40 766 2130, mirja.serenius@srv.fi
Matti Julin, Site Manager, tel. +358 400 704 293, matti.julin@srv.fi 
Heidi Tetteh, Communications manager, tel. +358 40 662 3220, heidi.tetteh@srv.fi

www.srv.fi

You can also find us in the social media:
Facebook   LinkedIn   Twitter   Instagram

SRV – Building for life

Strong first quarter performance supports positive outlook for the year

First quarter report of 2018
for ROCKWOOL International A/S
Release no. 8 – 2018
to Nasdaq Copenhagen

18 May 2018


Strong first quarter performance supports positive outlook for the year


 

Highlights

  • Sales in Q1 2018 reached EUR 603 million, a growth of 17 percent in local currencies including acquisitions, which contributed three percentage points. The negative currency impact was four percentage points.
  • EBIT in Q1 2018 increased 53 percent to EUR 70 million, with an 11.6 percent EBIT margin, up three percentage points from last year.
  • Investments reached EUR 48 million, up EUR 13 million compared to last year, primarily due to ongoing expansions in Poland and the United States.
  • Annualised return on invested capital reached 18.6 percent compared to 15.5 percent last year, driven by higher operational earnings. 
  • In addition, ROCKWOOL publishes its 2017 Sustainability Report, available online at www.rockwoolgroup.com.

 
Outlook 2018

  • Growth in net sales is expected to reach 7-10 percent in local currencies, including around two percent from the acquisition of Flumroc. With lower comparables, we expect higher growth rates in the first half of the year.
  • EBIT margin is expected to reach around 13 percent (as announced on 30 April 2018).
  • Investment level excluding acquisitions is expected to be around EUR 260 million from previously EUR 230 million, mainly related to investment in the UK to increase capacity.

CEO comment
Commenting on the Group’s performance, CEO Jens Birgersson says:

“The strong first quarter performance is primarily driven by growing demand for our non-combustible insulation as well as our focus on productivity improvements and pricing. Owing to our broad-based manufacturing footprint, particularly in Europe, we are able to flexibly service growing customer demand, even if this results in somewhat increased logistics costs”.

Further information:
Kim Junge Andersen, Chief Financial Officer
ROCKWOOL International A/S
+45 46 56 03 00

Conference call:
The ROCKWOOL Group will host an earning call on 18 May 2018 at 11.00 CET. To attend the conference call dial +4570223500, +44(0)2075721187 or +1 6467224972. Passcode 19660074#. The conference call will be transmitted live on www.rockwoolgroup.com

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ABB Ltd. ( NYSE:ABB ), ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in some 100 countries and employs approximately 120,000 people. In Canada ( www.abb.ca ), ABB employs over 2,000 people in 26 locations from coast to coast.

Abbey plc ( LSE:ABBY.L ) main activities are residential housing developments in the UK, Ireland and Prague.

Acciona SA ( OTC:ACXIF ; MCE:ANA.MC ) is one of the foremost Spanish business corporations, leader in the development and management of infrastructure, renewable energy, water and services. ACCIONA Construction is at the forefront in R&D+ and one of the leading construction companies in the world, using the latest techniques to carry out projects. ACCIONA Construction covers the whole range of construction , from engineering to the performance of works and their later maintenance, and also the management of public works concessions, particularly in the field of transport and social infrastructures.

Acuity Brands, Inc., ( NYSE:AYI ) is a North American market leader and one of the world`s leading providers of luminaires, lighting control systems and related products and services with fiscal year 2010 net sales of over $1.6 billion. The Company`s lighting and system control product lines include Lithonia Lighting®, Holophane®, Peerless®, Mark Architectural Lighting(TM), Hydrel®, American Electric Lighting®, Gotham®, Carandini®, RELOC®, Antique Street Lamps(TM), Tersen®, Winona® Lighting, Syner­gy® Lighting Controls, Sensor Switch®, Lighting Control & Design(TM), Dark to Light®, ROAM®, Sunoptics®,  acculampTM) and Healthcare Lighting®. Headquartered in Atlanta, Georgia, Acuity Brands employs ap­proximately 6,000 associates and has operations throughout North America, Europe and Asia.

AECOM Technology Corporation ( NYSE:ACM ) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.1 billion during its fiscal year 2009.

Aecon Group Inc. ( TSX:ARE.TO ) As the largest publicly traded construction and infrastructure development company in Canada, our expertise covers the full range of services, including design and construction, financing, operating, procurement and project management.

Aerofoam Metals Inc. ( OTCPK:AFML ) under the brand Aerometal, manufactures foamed aluminum products for applications in automotive, defense, and aerospace industries.

Alumasc Group plc ( LSE:ALU.L ) is a UK based supplier of premium building and precision engineering products. The majority of the group's business is in the area of sustainable building products which enable customers to manage energy and water use in the built environment. We believe that growth rates in these sectors, through the construction cycle, will exceed UK industry averages.

AMCOL International Corporation ( NYSE:ACO ) produces and markets a wide range of specialty minerals and materials used for industrial, environmental and consumer-related applications. AMCOL operates four primary segments: Minerals & Materials, Environmental, Oilfield Services and Transportation, providing a diverse range of products and services. Major markets served include metalcasting, detergents, pet products, building materials and personal care.

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