Investor call on full-year results 2021

Thursday, 10 February 11:00 AM CET

Presented by

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Chairman Thomas Kähler and CEO Jens Birgersson, Jens, Thomas
“Thank you to our colleagues for the incredible effort this year. Well done, all of you. Despite some supply chain challenges, our customer satisfaction score increased for the seventh consecutive year. We thank our customers for trusting us to take care of your business needs – and our suppliers for helping us take care of ours”.

Thomas Kähler & Jens Birgersson

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Sales
0

up 19% in local currencies

EBIT margin
0

same as last year

ROIC
0

up from 17.6% last year

“By almost any measure, 2021 was a strong year for ROCKWOOL Group. Our sales grew well in almost all markets across the entire business; profitability remained solid despite soaring inflation; we opened a new factory in the United States; and approved investments in new capacity in several other markets”.

Thomas Kähler & Jens Birgersson

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We expect the strong demand for our products, which evolved rapidly during the last three quarters of 2021, to continue in 2022, though significant uncertainties complicate the full-year outlook picture. In particular, continued high energy costs in Europe and rising inflation globally potentially could disrupt the construction sector recovery and dampen overall market activity.

Multiple interrelated trends will influence and support ROCKWOOL’s growth prospects over a complete business cycle. These trends, which we cover in the report, include: climate action; global energy transition and energy efficiency; building renovation; circularity and resource efficiency; and health and wellbeing.

Construction, Building, Engineer, Worker, Stakeholder
Sales growth
0

in local currencies

EBIT margin
0

around

Investments
0

around, excl. acquisitions

ROCKWOOL achieved good sales growth in almost all markets across the entire business. Primarily the residential sector, particularly in renovation, drove the growth, while technical insulation and commercial segment sales recovered later in the year.

Sales in the Insulation segment reached 2291 MEUR, an increase of 20 percent in local currencies and reported figures. All markets and businesses contributed to the solid growth, mainly driven by high construction and renovation activity in the residential sector.

Systems segment sales amounted to 797 MEUR, which is an increase of 16 percent in local currencies and reported figures. All businesses contributed positively with double-digit growth.

Volcano, Nature, Green, Sky, Mountains
Sales
0

up 19% in local currencies

EBIT margin
0

same as last year

ROIC
0

up from 17.6% last year

Thomas Harder, Director of Group Treasury & Investor Relations

Thomas Harder

Director,
Group Treasury & Investor Relations, ROCKWOOL Group