Core Viewpoint - ROCKWOOL has lost control over its four factories in Russia due to a presidential decree, resulting in external management taking over the Russian subsidiary [1][2]. Group 1: Legal and Regulatory Response - The company plans to vigorously defend its legal rights under the Bilateral Investment Treaty between Russia and Denmark, although it remains pessimistic about reversing the forced external administration decision [2]. - ROCKWOOL will seek guidance and support from the Danish government and EU authorities regarding the situation [2]. Group 2: Financial Impact - As a result of losing control over the factories, ROCKWOOL will de-consolidate the four legal entities, leading to a write-down of the net value (equity) of the businesses [3]. - The total equity of the Russian business was reported at 469 million EUR as of December 31, 2025, with full-year 2025 revenue and EBIT of 261 million EUR and 78 million EUR, respectively [3].

Group 1 - A Russian presidential decree has resulted in external management taking control of ROCKWOOL's four factories in Russia, leading to the company losing control over its assets in the country [1] - ROCKWOOL plans to vigorously defend its legal rights under the Bilateral Investment Treaty between Russia and Denmark, but is not optimistic about reversing the forced external administration decision [2] - The loss of control over the four factories will lead to their de-consolidation, with a total equity write-down of 469 million EUR as of December 31, 2025, and the Russian business reported revenue and EBIT of 261 million EUR and 78 million EUR respectively for the full year 2025 [3]

Core Insights - ROCKWOOL is launching a new brand campaign focused on protecting built environments and the people who inhabit them, emphasizing resilience and making a positive impact on lives [1][3] - The new tagline reflects the company's commitment to providing the best products for those who matter most, aligning with their mission to protect families, homes, and livelihoods [2][3] Market Dynamics - The campaign is timely, addressing increasing regulatory and customer demands for energy efficiency, carbon emissions reduction, fire safety, sustainability, and resilience [4] - There is a growing recognition in Europe of the necessity for building renovations, with a shift towards non-combustible, high-performance materials, positioning ROCKWOOL favorably in this evolving market [5] Campaign Details - The campaign will feature an emotive video and will be promoted through a multi-channel social media strategy, initially targeting North America and select European markets, with a broader initiative planned for 2026 [6] Company Overview - ROCKWOOL Group is dedicated to addressing major sustainability challenges, including energy consumption, noise pollution, fire resilience, water scarcity, and flooding, while helping stakeholders reduce their carbon footprint [7] - The company is a global leader in stone wool products, employing over 12,700 people across approximately 40 countries, and selling in more than 120 markets [8]

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]