Q3 2024 Rockwool A/S Earnings Call Transcript
Key Points
- Rockwool AS (RKWBF) reported a 7% increase in sales over the last nine months, driven by volume and stable sales prices.
- The company achieved a margin expansion of 3.5 percentage points, resulting in a nine-month margin of 17.8%.
- Strong performance was noted in North America and Central Europe, with double-digit sales growth in North America.
- The insulation segment showed robust growth with a 9% increase, demonstrating resilience in a challenging macroeconomic environment.
- Rockwool AS (RKWBF) maintained a solid EBITDA margin of 25.2%, supported by strong productivity and lower-than-expected input costs.
- The systems segment experienced slower growth, influenced by a divestiture and product mix shifts.
- Eastern Europe showed a mixed performance, with some countries experiencing flat or decreasing growth.
- Price pressure was noted in certain markets, such as East Europe and France, impacting overall pricing strategy.
- The systems segment faced challenges with one-off re-evaluations and lower margins in the Grodan business.
- The macroeconomic environment in Europe remains challenging, particularly affecting residential and new building activities.
/- -
Good day to everyone, and welcome to ROCKWOOL A/S conference call regarding the results for the first nine months of 2024. My name is Kim Junge Andersen. I'm the CFO of ROCKWOOL A/S. Today, I'm pleased to present CEO, Jes Munk Hansen. (Event Instructions) As a reminder, this conference call is being recorded.
First, Jes will go through our presentation and give you the updates on the results for the first nine months and third quarter of 2024. (Event Instructions)
Before I hand over to the word to Jes, I must ask you to notice slide 2, 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 3.
Jes, I now hand over the word to you.
/-
Thank you, Kim. My name is Jes Munk Hansen. I'm the new CEO here at ROCKWOOL. It's a pleasure for
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
