Investor call on full-year results 2020

Thursday, 11 February 11:00 AM CET

Presented by

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Thomas Kähler & Jens Birgersson, CEO and Chairman of the Board,
Annual report 2020
“Looking back on a turbulent year, we are proud of how well our colleagues handled the many challenges. Our teams ensured employees were safe while quickly adjusting operations, sales and service to match the changing needs of our customers”.

Thomas Kähler & Jens Birgersson

Sales
0

down 3.7% in local currencies

EBIT margin
0

down from 13.5%

ROIC
0

down from 21.7%

“Our sales declined overall but were supported in regions where the construction sector stayed active, as many governments recognised that building sites could operate safely and contribute to the economic recovery at the same time. Importantly, we maintained a robust level of profitability by adjusting our production to demand and keeping costs down”.

Thomas Kähler & Jens Birgersson

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The underlying medium- to long-term structural growth drivers for stone wool products are

even stronger today than last year. On top of fundamental trends like urbanisation and

increasingly tighter building regulations, we expect several other trends will continue

driving growth in our business. For example, the growing focus on energy efficiency, fire

safety, and circularity continues to influence the decisions of consumers, the building industry and policymakers, with the pandemic accelerating these trends in multiple ways.

RockWorld imagery, The big picture, city, urban, skyscrapers
Sales growth
0

in local currencies

EBIT margin
0

around

Investments
0

around, excl. acquisitions

After the significant second quarter sales impact from the COVID-19 lock down, construction activities and our sales in the second half of the year recovered in most markets.

For the full year, sales in the Insulation segment declined 5.8 percent in local currencies, primarily driven by Central Europe and the technical insulation business. The building insulation business in North America ended 2020 with good growth despite the global pandemic.

The Systems segment’s sales increased 2.7 percent in local currencies, with growth driven primarily by Grodan and a good second half of the year for Rockfon and Rockpanel in Europe.

mountain, Rockwool, Eskilstuna, Sweden
Sales
0

down 3.7% in local currencies

EBIT margin
0

down from 13.5%

ROIC
0

down from 21.7%

Thomas Harder, Director of Group Treasury & Investor Relations

Thomas Harder

Director,
Group Treasury & Investor Relations, ROCKWOOL Group