Slide 1: Q1 2026 Financial results
Q1 2026 Financial results Office building renovation, Poland
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: Resilient performance in Q1 2026
Resilient performance in Q1 2026 Group Revenue in +2.3% revenue 906 MEUR local currencies Group revenue flat in reported figures EBIT 120 MEUR EBIT margin 13.2% EBIT down 14% EBIT margin down 2.2 percentage points Net profit from continuing 85 MEUR Free cash flow -119 MEUR operations Net profit do
Slide 4: Q1 revenue up two percent in difficult market environment
Q1 revenue up two percent in difficult market environment ROCKWOOL Group +2.3% Net revenue Revenue reached 906 MEUR, up 2.3 percent in local currencies, although flat in reported figures due to the weaker USD. +2.3% 0.0% Q1 2025 Q1 2026 Local currencies 906 906 Q1 2026 Reported figures Q1 2025 Q1
Slide 5: Q1 revenue by business segment
Q1 revenue by business segment Insulation segment Systems segment +2.0% +3.9% Net revenue Net revenue Insulation segment revenue reached 743 MEUR, Systems segment revenue reached 163 MEUR, up 2.0 percent in local currencies. up 3.9 percent in local currencies. Net revenue MEUR +2.0% -0.5% Q1 202
Slide 6: Q1 2026 regional revenue development
Q1 2026 regional revenue development Growth in local North +3.2% Western -0.9% Eastern +15.0% Asia +7.1% currencies America Europe Europe and others Growth in Six percent down in reported One percent down in 15 percent up in reported Two percent up in reported reported figures figures report
Slide 7: Good Q1 profitability in a challenging market
Good Q1 profitability in a challenging market 20.7% 13.2% EBITDA margin Down 2.1 percentage points EBIT margin Down 2.2 percentage points EBITDA reached 187 MEUR, down nine percent compared to record EBIT reached 120 MEUR, down 14 percent. high last year. The result for Q1 2025 included a
Slide 8: Q1 profitability by business segment
Q1 profitability by business segment Insulation segment Systems segment 12.7% 10.3% EBIT margin Down 1.7 percentage points EBIT margin Down 3.7 percentage points Insulation EBIT was 103 MEUR, down 12 percent. Systems EBIT was 17 MEUR, down 25 percent. The result reflects market weakness in Can
Slide 9: Q1 investments in new capacity and decarbonisation
Q1 investments in new capacity and decarbonisation The largest investments related to the factory Investments Q1 154 MEUR projects in the United States and India, additional 156 154 capacity in Romania, and a logistics automation 28 114 51 project in Germany. 87 84 60 Sustainability 37 Sustainab
Slide 10: Q1 free cash flow decline due to higher investments
Q1 free cash flow decline due to higher investments Change in Q1 free Free cash flow was -119 MEUR, down 68 -68 MEUR -5 MEUR net working cash flow MEUR compared to Q1 2025. capital Change in net working capital was The decrease was mainly related to higher investments and less cash from -5 MEUR
Slide 11: Outlook 2026
Outlook 2026 RGBS EVP photo session 11
Slide 12: Outlook 2026
Outlook 2026 1 Revenue growth between 3-6 percent in local currencies 2 EBIT margin between 13-14 percent 3 Investments around 700 MEUR excluding acquisitions Step Direct ceiling installed at Flying Cinema Tour in Helsinki, Finland. 2026 Outlook overview 4 February 2026 11 May 2026 19 May 2026 Reven
Slide 13: Key figures for the Group
Key figures for the Group MEUR Q1 2026 Q1 2025 YoY (%) FY 2025 Statement of profit and loss Revenue 906 906 0.0% 3,616 EBITDA 187 207 -9.3% 775 EBIT 120 140 -14.3% 492 Profit before tax 114 141 -19.1% 480 Profit from continuing operations 85 109 -21.1% 362 Statement of financial position Total asset
Slide 14: Questions?
Questions? ZN Rockwoor
Slide 15: Thank you
Thank you ROCKWOOL A/S Hovedgaden 584 2640 Hedehusene Denmark CVR No. 54879415 Tel.: +45 46 56 03 00 www.rockwool.com 15