Rockwool A/S (RKWBF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello to everyone. And with a little bit of suspense, I welcome you to Rockwell AS's conference call regarding the result for the full year and fourth quarter of 2025. My name is Kim Jung Andersen. I'm the CFO of Rockwell AS. Today I'm 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, YES will go through the presentation and give an update on the results for the full year and fourth quarter of 2025. Afterwards, we will be ready to answer all your questions. Before I hand over the word to YES, I must ask you to notice slide number 2, which is a forward-looking statement. Please be aware that this presentation contains uncertainties. Now we can go to the next slide, which is slide number 3. Yes, I now hand over the word to you. Thank you Kim and good morning to everyone. I start on slide number three. Overall we consider the full year result to be positive and the full year revenue increased by 1.1% in local currencies, slightly above expectations due to a good finish to the year. Acquisitions made back in October 24 accounted for 1.2% of growth. The group revenue grew around 3%, 2.7% to be exact, excluding the Russian business. As you all are aware of, on January 13 this year, Russian authorities installed external administration on our four factories in the country, thereby taking control of the business there. Consequently, the value of the net assets and liabilities related to the Russian subsidiaries of 392 million euro was written down to zero in 2025. For more information about the financial performance of the Russian subsidiaries, please refer to note 1.5 in the annual report. Moreover, at the end of this presentation we have ...