Rockwool A/S (OTCPK:RKWBF) Q1 2025 Earnings Conference Call May 20, 2025 2:30 AM ET
Company Participants
Kim Junge Andersen – Chief Financial Officer
Jes Munk Hansen – Chief Executive Officer
Conference Call Participants
Brijesh Siya – HSBC
Alexander Craeymeersch – Kepler Cheuvreux
Zaim Beekawa – JPMorgan
Yassine Touahri – On Field Investment Research
Claus Almer – Nordea
Marcus Cole – UBS
Pujarini Ghosh – Bernstein
Kim Junge Andersen
Good morning to everyone and welcome to ROCKWOOL’s Conference Calls regarding the result for the First Quarter of 2025. My name is Kim Junge Andersen. I’m the CFO of ROCKWOOL A/S. Today I’m pleased to present CEO, Jes Munk Hansen.
For the first part of this call, all participants will be in a listen-only mode. As a reminder, this conference call is being recorded.
First, yes, we’ll go through our presentation and give you an update on the results for the first quarter of 2025. Afterwards, we’ll be ready to answer all your questions.
Before I hand over the word to Jes, I must ask you to notice slide number two, which is a forward-looking statement. Please be aware that this presentation contains uncertainties.
Now we can go to slide three, which is next slide, which is number three. Jes, I’ll now hand over the word to you.
Jes Munk Hansen
Thank you, Kim and good morning.
We had a solid start in ROCKWOOL, a solid start to the year in a difficult environment. And when we look at the Q1 highlights, revenue for the first quarter reached EUR959 million. And that’s an increase of 4% measured both in local and in reported figures compared to last year. 2% of this increase comes from the acquisitions we made in October last year, and the other 2% come from volume growth throughout the Group where pricing had a neutral impact in Q1. In
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