Denmark · Delayed Price · Currency is DKK Rockwool Earnings Call Transcripts
Fiscal Year 2026
-
AGM approved all agenda items, including dividend, board reelection, and capital reduction. 2025 saw stable revenue but a major Russian asset write-down, with strategic investments in green capacity and electrification. Shareholders discussed risks, reporting, and future growth.
Fiscal Year 2025
-
Revenue grew 2.7% year-over-year excluding Russia, with EBIT margin at 14.7% before Russian adjustments. 2026 guidance targets 2%-4% revenue growth and 13%-14% EBIT margin, with EUR 650 million CapEx focused on capacity and sustainability.
-
Revenue grew 1% in the first nine months of 2025, with Q3 profitability pressured by project delays, production issues, and regional challenges. Full-year revenue is expected to match last year, with EBIT margin guidance at 14%-15% due to one-offs and market softness.
-
Revenue grew 1% in H1 2025, driven by acquisitions, but EBIT margin declined to 15.8% amid operational challenges and a sharp slowdown in North America. Full-year revenue is now expected to be flat, with EBIT margin just below 16%, as macroeconomic and geopolitical uncertainties persist.
-
Q1 revenue rose 4% year-over-year to EUR 959 million, with EBIT margin at 16% and strong cash position. Insulation led growth, while systems segment faced headwinds. Full-year guidance for low single-digit revenue growth and 16% EBIT margin is maintained.
-
AGM confirmed strong financial growth, with revenue up 6% and EBIT up 31%, and approved a DKK 63 per share dividend, share split, and further investment in green initiatives. Board and auditor elections, as well as all major proposals, were adopted.
-
Decarbonization efforts focus on electrification, energy efficiency, and circularity, with significant CO2 reductions achieved and further investments planned. Environmental, social, and governance goals are progressing, with strong ESG ratings and continued alignment with EU regulations.
Fiscal Year 2024
-
Record net profit and strong North American growth drove a 50% dividend increase and new share buyback. 2025 guidance targets low single-digit sales growth, 16% EBIT margin, and EUR 450 million in investments, with continued focus on capacity expansion and sustainability.
-
Sales rose 7% year-to-date, with strong EBIT margin expansion and robust cash flow, led by North America and Central Europe. Outlook for 2024 is reaffirmed, with continued investments in capacity and price increases of 2-3% planned for 2025.
-
H1 2024 saw 8% growth, record North American sales, and EBIT margin of 17.7%, driven by commercial strength and productivity gains. Guidance remains for mid-single-digit sales growth and 17% EBIT margin, with inflation managed via selective price increases.