Rockwool A/S (RKWBF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Rockwool AS conference calls regarding the result for the first quarter of 2026. My name is Kim Jung Andersen. I am the CFO of Rockwool AS. Today I am pleased to present CEO Jes Munch Hansen. For the first part of this call all participants will be in a listening only mode. As a reminder this conference call is being recorded. First Jes will go through our presentation and give you an update of the results for the first quarter of 2026. Afterward, we will be ready to answer all your questions. Before I hand over the word to Jes, I must ask you to notice slide number two, which is the forward-looking statement. Please be aware that this presentation contains uncertainties. Now we can go to the next slide, which is slide number three. Jes, I will now hand over the word to you. Thank you, Kim. Also welcome from my side. And as Kim said, I will start on slide number three, where we have our key numbers. The Rockwell Group delivered resilient performance in Q1, despite a challenging operating environment, with revenue growth of 2%, primarily driven by Eastern Europe, the United States, and Southern Europe. The EBIT margins, as you can see, reached 13.2%, what we believe is a satisfactory result, though 2.2 percentage points below the record high level of last year. Reconstruction market, particularly in Canada and United Kingdom, pressured the margin as did higher logistic cost and an increased cost base. Turning to page number four, let's focus on the revenue in Q1. where overall the construction market continued to be affected by the geopolitical turbulence and macroeconomic uncertainty. Additionally, the first two months of the year were impacted by adverse weather across Europe and North America. However, volume demand recovered from March and onw...