Q2 2026 Rockwool A/S Earnings Call Transcript

Aug 20, 2026 / 09:00 AM GMT

Release Date Price: kr201.4 (-5.18%)

Transcript

Key Points

Positve

Rockwool AS (RKWBF) delivered a strong 10% revenue growth in Q2 2026, reaching a record high quarterly revenue of just over EUR 1 billion, driven by volume growth across all regions.
The company is gaining market share in the U.S., benefiting from a category shift towards non-combustible stone wool insulation, with the category share growing from 4% towards 5%.
Eastern Europe delivered a staggering 31% revenue growth, with double-digit growth across the entire region, and Asia grew 17% with double-digit growth in all major markets except China.
The company successfully implemented sales price increases effective July 1st, with price realization currently around 6%, which is expected to support margins in the second half of the year.
Rockwool AS (RKWBF) is making solid progress on its sustainability goals, with a 25% reduction in CO2 emission intensity compared to the 2019 baseline and reaching 22% renewable energy consumption, ahead of its 2034 target pace.

Negative

EBIT margin was impacted by rising energy and transportation costs, with the company noting a timing lag between cost inflation and the implementation of sales price increases.
The company faces sourcing constraints in North America, limiting its ability to fully meet demand and resulting in lower-margin imports from Europe to bridge the gap until new capacity opens.
Revenue in Canada, the United Kingdom, and Switzerland continued to decline, with Canada experiencing a challenging market as the economy has contracted for two consecutive quarters.
Free cash flow was negative EUR 32 million in Q2 due to large ongoing capacity and decarbonization projects, with net debt increasing to EUR 461 million.
The company recorded a one-off EUR 9 million write-off related to the reprioritization of its capacity investment base, and elevated maintenance costs are expected to persist, partially offsetting the benefits of price increases.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ROCKb.CO - ROCKWOOL A/S
Q2 2026 Rockwool A/S Earnings Call
Aug 20, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good day to everyone, and welcome to Auquil AS's conference call regarding the result for the first half of 2026. My name is Kim Jung Andersen. I'm the CFO of Auquil AS. Today, I'm pleased to present CEO Jesmung Hansen.

For the first part of the call, all participants will be listening only mode.

As a reminder, this conference call is being recorded.

First, Yes will go through our presentation and give you an update on the results for the first half and second quarter of 2026. 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 the forward-looking statement. Please be aware that this presentation contains uncertainties.

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