Rockwool A/S (RKWBF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to Rockwool A.S.'s conference call regarding the result for the first half of 2026. My name is Kim Jung Andersen. I'm the CFO of Rockwool A.S. Today, I'm pleased to present CEO Jes Munk Hansen. For the first part of the call, all participants will be in listening-only mode. As a reminder, this conference call is being recorded. First, Jes will go through our presentation and give you an update on the results for the first half and second 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. Also a welcome and good morning from my side. My name is Jes Munk Hansen. I'm the CEO of Rockwell. I'll start on page three. And as you have seen, the group delivered revenue growth of 6% the first half year. Importantly, this was driven by volume. The EBIT margin reached 13.1%, a good result despite inflation on energy and mainly transportation prices. Persistent market challenges in a few countries as well as higher depreciation from investments. Free cash flow was impacted by the larger ongoing capacity and decapitalization projects. Page 4. To the quarter, the group delivered a strong 10% revenue growth and reached a record high quarter revenue of just north of a billion euro in Q2 2026, different by volume growth across regions. EBIT margin was 12.9%, a good result considering the circumstances. When cash flow from operations was good, investments around €200 million in the quarter led to a free cash flow of negative €32 million. I'll just ju...