Core Viewpoint - The company is adjusting its outlook due to market uncertainty but remains committed to long-term value creation through investments [1][5]. Financial Performance - Revenue for H1 2025 reached 1,947 MEUR, a 1% increase compared to last year, with a positive impact of 2 percentage points from 2024 acquisitions [4]. - Q2 2025 revenue was 988 MEUR, a 2% decrease compared to last year, also reflecting a 2 percentage point positive impact from acquisitions [4]. - EBITDA for H1 2025 was 450 MEUR, with a margin of 23.1%, down 1.2 percentage points from H1 2024 [4]. - Q2 2025 EBITDA was 227 MEUR, with a margin of 23.0%, down 2.1 percentage points from Q2 2024 [4]. - EBIT for H1 2025 decreased by 10% to 307 MEUR, with a margin of 15.8%, down 1.9 percentage points from H1 2024 [4]. - Q2 2025 EBIT decreased by 19% to 153 MEUR, with a margin of 15.5%, down 3.2 percentage points from Q2 2024 [4]. Market Conditions - The technical insulation business performed well, particularly in several European markets such as the UK, Spain, Italy, and Romania, while some markets, including the Nordics, experienced double-digit sales declines [3]. - The company expects full-year revenue to be at the same level as last year and EBIT margin to be below 16%, revised from previous expectations of low single-digit growth and around 16% margin [2][4]. Investments and Future Outlook - Investments totaled 187 MEUR in H1 2025, focusing on production capacity expansion in Romania, a new factory in North America, and digitalization efforts [4]. - The company plans to invest around 450 MEUR excluding acquisitions in the upcoming period [4]. - Despite near-term challenges, the company remains optimistic about future growth and will continue to invest in capacity expansion, decarbonization, and digitalization [5].

Group 1 - The company reported a revenue of 959 MEUR in Q1 2025, marking a 4% increase compared to the previous year, with 2 percentage points of this increase attributed to acquisitions made in October 2024 [5] - EBITDA for Q1 2025 reached 223 MEUR, resulting in a 23.2% EBITDA margin, which is a slight decrease of 0.3 percentage points from Q1 2024 [5] - EBIT increased by 1% to 154 MEUR in Q1 2025, with an EBIT margin of 16%, down 0.5 percentage points from Q1 2024, primarily due to higher depreciation costs [5] Group 2 - The company is progressing with investments totaling 93 MEUR in Q1 2025, focusing on electrification of production lines, capacity expansion in Romania, digitalization, and a new factory in the United States [5] - Cash flow from operations before financial items and tax was 126 MEUR in Q1 2025, compared to 135 MEUR in Q1 2024 [5] - The company plans to invest around 450 MEUR excluding acquisitions in the upcoming period [5] Group 3 - The CEO highlighted that the company continues to perform well in revenue and profitability, with positive developments across all key indicators, except in Eastern Europe [2] - Continuous demand for energy-efficient and fire-safe solutions is expected in Europe as member states work on national renovation plans to meet mandatory targets [2] - The company purchased 84,680 B shares for a total of 31 MEUR as part of its share buy-back programs during Q1 2025 [5]