Strong performance with good revenue growth and solid profitability

February 6, 2025

Highlights

Revenue in 2024 reached 3,855 MEUR, an increase of six percent in local currencies and seven percent in reported figures.
In Q4 2024, revenue reached 970 MEUR, an increase of four percent in both local currencies and reported figures, hereof half from the two acquisitions made in October 2024.
EBIT in 2024 ended at 677 MEUR, up 31 percent, with an EBIT margin of 17.5 percent.
EBIT in Q4 2024 reached 163 MEUR, with an EBIT margin of 16.7 percent, up 2.3 percentage points from Q4 2023.
Profit for the year reached 550 MEUR, an increase of 161 MEUR compared to 2023.
Investments totalled 387 MEUR, primarily from purchase of new land in the United Kingdom and the conversion to electrical melter in Switzerland.
Free cash flow ended the year at 364 MEUR, a decrease of 31 MEUR compared to 2023, primarily due to higher investments and acquisitions.
The proposed dividend per share is 63 DKK, an increase of 47 percent from 2023 due to the strong result.
Good progress on decarbonisation with electrification of the Swiss factory. As of end 2024, CO₂ intensity per tonne stone wool has decreased 23 percent compared to 2015 baseline.
At the end of 2024, the company had purchased 426,900 B shares under the current share buy-back programme for a total amount of 149 MEUR.
A new share buy-back programme up to an amount of 150 MEUR will commence on 7 February 2025.

Shareholders may from 6 February 2025 until 20 February 2025 request conversion of A shares to B shares. For further information please refer to https://www.rockwool.com/group/about-us/investors/conversion-shares/

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All 2024 reports, earnings call and more

Take me there

“ROCKWOOL had a good 2024 financially, with revenue up six percent and EBIT margin landing at 17.5 percent – three percentage points higher than 2023.

We are optimistic about the future and will continue to invest in new capacity and new technologies to meet the growing demand for ROCKWOOL products. In 2024, we committed to building new factories in the United States, Sweden, and India and additional production lines in Romania and the U.S. We also bought land for a future factory in the United Kingdom and made several smaller acquisitions as well.

Despite political, market, and economic uncertainties, we expect a low single-digit percent growth for 2025 full-year revenue and an EBIT margin of around 16 percent. Let me thank my colleagues for your excellent work and our customers for trusting us to support your business needs”.

Jes Munk Hansen

CEO

Outlook 2025

Revenue is expected to increase by low single-digit percent in 2025 in local currencies.
EBIT margin around 16 percent.
Investment level around 450 MEUR, excluding acquisitions

Media contact

Rasmus Windfeld

Director, Group Media Relations

Mobile: +45 4044 6060
Email: rasmus.windfeld@rockwool.com

Contact us for an interview, to talk about energy efficiency in buildings or to talk about energy and climate as growth drivers.

About ROCKWOOL Group

At ROCKWOOL Group, we are committed to enriching the lives of everyone who experiences our products and services. We help our customers and communities tackle many of today’s biggest sustainability and development challenges, from energy consumption and noise pollution to fire resilience, water scarcity and flooding. Our product range reflects the diversity of the world’s needs, while supporting our stakeholders in reducing their own carbon footprint.

Stone wool is a durable, endlessly recyclable, versatile material that forms the basis of all our businesses. With approximately 12 000 dedicated colleagues in 40 countries and sales in more than 120, we are the world leader in stone wool products, from building insulation to acoustic ceilings, external cladding systems to horticultural solutions, engineered fibres for industrial use to insulation for the process industry and marine & offshore.

Press Release

07 Feb 2024

ROCKWOOL releases 2023 annual and sustainability reports

ROCKWOOL reports satisfactory annual results in a challenging market and commits to net-zero GHG emissions by 2050.

Article

04 Sep 2024

Jes Munk Hansen starts as new CEO in ROCKWOOL Group

This week Jes Munk Hansen has started in his new role as CEO in ROCKWOOL Group. He’s eager to get to know the business, meet new colleagues, customers and partners.

Press Release

10 Dec 2024

ROCKWOOL to invest in new production line in Mississippi

The ROCKWOOL Board of Directors has approved a 100 MUSD-plus investment in a new production line in Mississippi for industrial insulation products. The new production line will help meet the growing demand from the process industry in the Gulf of Mexico region.