Rockwool A/S
CSE:ROCK B

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Rockwool A/S Logo
Rockwool A/S
CSE:ROCK B
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Price: 228.6 DKK 2.83% Market Closed
Market Cap: 48.4B DKK

Rockwool A/S
Investor Relations

Rockwool A/S, with its roots entrenched in Denmark, has carved a distinctive niche for itself within the insulation industry. This company, established in 1937, capitalizes on transforming volcanic basalt rock into stone wool insulation products. The process begins with the melting of basalt rock and other raw materials at a temperature that rivals the inner workings of a volcano. The resultant molten rock is spun into wool-like fibers, which are then compressed to form a versatile insulation material. These fibers boast natural fire-resistant properties, are noise dampening, and possess excellent thermal performance, making them a staple in both residential and industrial applications. Rockwool’s offerings, however, extend beyond mere insulation. They include acoustic ceiling panels, horticultural solutions, and engineered fibers used in friction and water management applications, thereby diversifying their revenue stream across multiple sectors.

This entrepreneurial spirit turns Rockwool A/S into more than just an insulation manufacturer; it becomes a sustainability advocate on the global stage. As buildings worldwide push toward energy efficiency and reduced carbon footprints, Rockwool's products play a pivotal role. The company harnesses the growing demand for sustainable building solutions, tapping into the regulatory and consumer shifts towards green construction. By helping customers save on energy costs while providing a safer and more comfortable living environment, Rockwool not only fortifies its financial standing but also contributes to a greener planet. Leveraging its global presence with manufacturing facilities and sales offices scattered across continents, Rockwool effectively delivers tailored solutions in key markets, maintaining an edge over its competitors and ensuring a steady influx of revenue. Through this blend of innovation, global reach, and commitment to sustainability, Rockwool A/S remains a prominent player in a steadily expanding market.

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ROCK B
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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Feb 7, 2025
AI Summary
Q4 2024

Strong 2024 Results: ROCKWOOL delivered record-high net profit and top-line revenue up 7% reported (6% in local currencies), with EBIT margin at 17.5%, the highest in the company’s history.

Dividend & Buybacks: The company raised its dividend to DKK 63 per share—almost a 50% increase—and announced a new EUR 150 million share buyback program.

North America Outperformance: North America saw robust growth (15% in Q4), now representing 19% of group sales, and delivered above-group-average margins.

2025 Outlook: Management guides for low single-digit revenue growth and an EBIT margin around 16% in 2025, with EUR 450 million planned investments. Modest price increases of 1–2% are planned.

CapEx & Expansion: Significant investments continue, with new factories underway in the U.S., Sweden, India, and further expansion in Romania and the U.K.

Sustainability Progress: Strong progress on CO2 emission intensity reduction, with electrification of production as a key lever; minor setback in landfill targets and a safety incident in Thailand noted.

Margin Drivers & Risks: Margin gains in 2024 were mainly due to lower input costs and favorable regional mix; guidance assumes higher operating expenses, especially for expansion and sustainability.

Key Financials
EBIT Margin
17.5%
Dividend per Share
DKK 63
Share Buyback Program
EUR 150 million (new)
CapEx
EUR 139 million (Q4)
Net Cash
EUR 281 million (end of year)
North America Share of Sales
19%
Q4 Revenue Growth
4% in local currencies
Q4 EBIT Margin
16.7%
Other Earnings Calls

Management

Mr. Jes Munk Hansen
Chief Executive Officer
No Bio Available
Mr. Jens Birgersson
President
No Bio Available
Mr. Kim Junge Andersen
Senior VP & CFO
No Bio Available
Mr. Bjørn Rici Andersen
Senior Vice President of Group Operations & Technology
No Bio Available
Mr. Thomas Harder
Director of Group Treasury & Investor Relations
No Bio Available
Ms. Mirella A. Vitale
SVP of Group Marketing, Communications & Public Affairs
No Bio Available
Mr. Henrik Frank Nielsen
Senior VP and Head of Insulation North East Europe & Russia
No Bio Available
Ms. Connie Enghus Theisen
Senior Group Advisor & Employee Representative Director
No Bio Available
Mr. Volker Christmann
Senior VP & Head of Insulation Central Europe
No Bio Available
Mr. Bernard Plancade
Managing Director of Core Solutions
No Bio Available

Contacts

Address
Hedehusene
Hovedgaden 584
Contacts
+4546560300
www.rockwool.com