Rockwool A/s Class A · OMXCOP:ROCK_A
Rockwool A/s Class A — Q3 2025 Earnings Presentation
16 slides from Rockwool A/s Class A's earnings presentation, 2025
Slide 1: Q3 2025 Financial results
Q3 2025 Financial results ROCKWOOL factory in Ranson, West Virginia
Slide 2: Forward-looking statement
Forward-looking statement The statements on the future in this presentation, including expected revenue and earnings, are associated with risks and uncertainties and may be affected by factors influencing the activities of the Group, such as the global economic environment, including interest and ex
Slide 3: Q3 YTD highlights
Q3 YTD highlights* Revenue Revenue increase in local currencies 2,910 MEUR 1% up 1% in reported figures EBIT EBIT margin 457 MEUR 15.7% down 11% down 2.1 percentage points Net profit Free cash flow 360 MEUR 142 MEUR down 53 MEUR down 216 MEUR Case study with Pura Hoja (Chile), Grodan *) Including ac
Slide 4: Q3 highlights
Q3 highlights* Revenue Revenue increase in local currencies 963 MEUR 2% up 1% in reported figures EBIT EBIT margin 150 MEUR 15.5% down 14% down 2.6 percentage points Net profit Free cash flow 122 MEUR 105 MEUR down 33 MEUR down 92 MEUR SailGP, Cadiz *) Including acquisitions. 4
Slide 5: Q3 YTD revenue up one percent
Q3 YTD revenue up one percent in local currencies Net revenue Net revenue per business segment MEUR MEUR +1% YTD Q3 2024 YTD Q3 2024 +1% YTD Q3 2025 Local currencies YTD Q3 2025 Local currencies +2% +2% YTD Q3 2025 Reported figures YTD Q3 2025 Reported figures 2,296 2,330 2,885 2,910 -1% -2% 589 580
Slide 6: Q3 revenue up two percent
Q3 revenue up two percent in local currencies Net revenue Net revenue per business segment MEUR MEUR Q3 2024 Q3 2024 Q3 2025 Local currencies Q3 2025 Local currencies +3% +1% +2% Q3 2025 Reported figures Q3 2025 Reported figures +1% 957 963 763 774 -1% -2% 194 189 Q3 2024 Q3 2025 Insulation Systems
Slide 7: Q3 regional revenue development
Q3 regional revenue development Growth in local currencies Key developments Geographic share of revenue MEUR, reported figures ▪ Italy, Spain and the Netherlands performed Western Europe well. Revenue declined in the UK (excluding Western Europe 2% acquisitions), Germany, and the Nordic Eastern Euro
Slide 8: Q3 profitability decreased
Q3 profitability decreased EBITDA & EBIT EBITDA / EBIT margin -11% MEUR (%) -14% 253 241 230 223 227 219 216 215 202 189 EBITDA EBITDA margin 173 163 25,2% 146 152 154 153 150 EBIT 24,3% 25,1% 135 23,5% 23,7% EBIT margin 23,2% 23,0% 21,7% 22,3% 18,7% 18,1% 16,5% 16,7% 16,2% 16,0% 14,4% 15,5% 15,5% Q
Slide 9: Q3 profitability by business segment
Q3 profitability by business segment EBIT EBIT margin MEUR (%) -16% 154 17,8% 18,1% 15,9% 14,9% 15,2% 15,4% 15,0% 15,6% 14,9% 130 Q3 2024 14,9% Insulation 14,6% 14,7% 14,2% +2% Q3 2025 11,5% Systems 10,1% 11,0% 10,5% 4,7% 19 20 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Insulation Systems
Slide 10: Q3 investment activities
Q3 investment activities Investments excluding acquisitions totalled 120 MEUR in Q3 2025, up 47 MEUR. ▪ In Q3 2025, the largest investments related to electrification of production lines in the Netherlands and France, additional capacity in Romania as well as the factory projects in the United State
Slide 11: Q3 free cash flow
Q3 free cash flow Free cash flow Q3 free cash flow was 105 MEUR, down 92 MEUR MEUR Q3: -92 MEUR compared to Q3 2024. The decrease was mainly 197 related to to lower earnings, less favourable 178 development in net working capital, higher investments, and timing of tax settlements. 146 110 105 Net wo
Slide 12: Outlook
Outlook 2025 ROCKWOOL Byhalia, Mississippi, North America 12
Slide 13: Outlook full year 2025
Outlook full year 2025 1 Revenue at level with last year in local currencies 2 EBIT margin between 14-15 percent 3 Investments around 450 MEUR excluding Flexibatts installation for sloped and horizontal wall, ROCKWOOL Nordics acquisitions 2025 Outlook 6 February 2025 19 May 2025 20 August 2025 11 No
Slide 14: Key figures for the Group
Key figures for the Group MEUR Q3 Q3 YoY Q3 Q3 YoY FY 2025 2024 (%) YTD YTD (%) 2024 2025 2024 Statement of profit and loss Revenue 963 957 0.7% 2,910 2,885 0.9% 3,855 EBITDA 215 241 -10.8% 665 710 -6.3% 940 EBIT 150 173 -13.7% 457 514 -11.2% 677 Profit before tax 160 183 -12.8% 473 522 -9.4% 696 Pr
Slide 15: Questions?
Questions? ZN Rockwoor
Slide 16: Thank you
Thank you ROCKWOOL A/S Hovedgaden 584 2640 Hedehusene Denmark CVR No. 54879415 Tel.: +45 46 56 03 00 www.rockwool.com 16