Rockwool A/S (RKWBF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day to everyone. Welcome to Rockwool's AS conference call regarding the results for the first nine months of 2025. My name is Kim Jung Andersen. I'm the CFO of Rockwool AS. Today I'm pleased to present CEO Jes Munch Hansen. For the first part of this 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 of the results for the first nine months and third quarter of 2025. Afterward, we'll 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 now hand over the word to you. Good morning, everyone. And I start on slide number three. As you all know, the construction industry is still challenged in the macro context, owing to uncertainty, geopolitical turmoil and continued hesitations in the market. We don't expect this to change in the near term. Revenue in the first nine months increased 1% in local currencies. Acquisitions we made in October 24 contributed with a 2% increase in local currencies. So excluding acquisitions, group revenue decreased slightly. Pricing had a 1% impact in the first nine months. An impact from inflation was thus offset, but the sales price increases. The EBIT margin declined 2.1 percentage points. Overall, we think the result is acceptable given the very difficult market circumstances. Next slide is our Q3 highlights. Revenue in Q3 increased 2% in local currencies. Excluding acquisitions, group revenue growth was flat. In Q3, sales and earnings were negatively affected by a short-term sa...