Consensus
29 January 2025
| Year | 2024 |
|---|---|
| Quarter | pre Q4 results |
| No. of analysts | 15 |
12m Target price (DKK)
Based on input from 14 analysts
| Average | Low | High |
|---|---|---|
| 2,925 | 2,500 | 3,400 |
Recommendations
| Buy | 4 |
|---|---|
| Overweight | 2 |
| Hold | 8 |
| Underweight | 1 |
| Sell | 0 |
| EPS and Dividend per share in: | EUR |
| Growth in Local Currencies and EBIT margin in: | % |
| All other figures in: | mEUR |
| Average | Estimates | |||
|---|---|---|---|---|
| Year | 2024 Q4e | 2024e | 2025e | 2026e |
| Net sales | 953 | 3,838 | 3,983 | 4,181 |
| - Insulation segment | 730 | 3,037 | 3,158 | 3,322 |
| - Systems segment | 231 | 830 | 854 | 897 |
| Growth in local currencies | 2.1% | 5.9% | 3.3% | 5.0% |
| EBITDA | 222 | 932 | 940 | 983 |
| EBIT Adjusted | 156 | 678 | 668 | 696 |
| - Insulation segment | 128 | 571 | 559 | 583 |
| - Systems segment | 27 | 105 | 111 | 117 |
| Non-recurring items | 0 | -10 | -1 | -2 |
| EBIT | 156 | 670 | 667 | 695 |
| EBIT margin | 16.4% | 17.5% | 16.8% | 16.6% |
| Profit before tax | 154 | 675 | 668 | 697 |
| Net profit | 112 | 524 | 506 | 528 |
| EPS | - | 24 | 24 | 25 |
| Dividend per share | - | 7.29 | 7.32 | 7.67 |
| High/ low | Estimates | |||
|---|---|---|---|---|
| Year | 2024 Q4e | 2024e | 2025e | 2026e |
| Net sales | 908 / 995 | 3,793 / 3,880 | 3,912 / 4,068 | 4,067 / 4,293 |
| - Insulation segment | 676 / 835 | 2,972 / 3,375 | 3,048 / 3,488 | 3,206 / 3,709 |
| - Systems segment | 116 / 252 | 820 / 841 | 816 / 899 | 828 / 958 |
| Growth in local currencies | -2.3% / 6.3% | 4.7% / 6.6% | 0.7% / 6.5% | 3.0% / 9.4% |
| EBITDA | 200 / 233 | 909 / 943 | 890 / 993 | 916 / 1,026 |
| EBIT Adjusted | 134 / 165 | 661 / 698 | 609 / 713 | 610 / 746 |
| - Insulation segment | 105 / 142 | 542 / 588 | 503 / 601 | 499 / 635 |
| - Systems segment | 20 / 32 | 97 / 114 | 100 / 121 | 105 / 136 |
| Non-recurring items | 0 / 0 | -21 / 0 | -13 / 0 | -20 / 0 |
| EBIT | 134 / 165 | 647 / 679 | 609 / 713 | 610 / 746 |
| EBIT margin | 14.1% / 17.1% | 16.9% / 17.6% | 15.3% / 17.8% | 14.9% / 17.8% |
| Profit before tax | 130 / 168 | 651 / 690 | 632 / 708 | 639 / 742 |
| Net profit | 88 / 124 | 501 / 537 | 468 / 533 | 473 / 571 |
| EPS | - | 23 / 25 | 22 / 25 | 22 / 27 |
| Dividend per share | - | 5.80 / 8.37 | 6.00 / 8.33 | 6.50 / 8.92 |
Analysts
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Kim Junge Andersen
Senior Vice President, Chief Financial Officer (CFO),
ROCKWOOL Group