ROCK-BNasdaq CopenhagenBuilding Products & EquipmentIFRS · EUR

Rockwool A/S

Rockwool A/S is the Danish parent company of ROCKWOOL Group, a manufacturer of stone wool insulation and related building-material products. Its business spans thermal, acoustic, and fire-protection solutions used in buildings, industrial applications, and infrastructure projects across multiple markets.

Liikevaihto3 877milj. EUR
+0,6 %v/v
Liikevoitto (EBIT)178milj. EUR
−73,7 %v/v
EBIT-marginaali4,6%
−13,0 %-yks.v/v
Nettotulos28,0milj. EUR
−94,9 %v/v
Vapaa kassavirta149milj. EUR
−66,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

01 0002 0003 0004 000milj. EUR2021: 3 088 milj. EUR2021: EBIT 401 milj. EUR20212022: 3 907 milj. EUR2022: EBIT 402 milj. EUR20222023: 3 620 milj. EUR2023: EBIT 518 milj. EUR20232024: 3 855 milj. EUR2024: EBIT 677 milj. EUR20242025: 3 877 milj. EUR2025: EBIT 178 milj. EUR202512 kk 2026: 3 836 milj. EUR12 kk3 836
LiikevaihtoLiikevoitto (EBIT)12 kk = viimeiset 12 kuukautta, ei kokonainen tilikausi

Liiketoiminta

Osuus liikevaihdosta
Building insulation70 %

Stone wool products for thermal, acoustic, and fire performance in buildings.

Technical and industrial insulation15 %

Insulation products used in industrial plants, utilities, and technical systems.

Façade and roofing systems10 %

Products for external building envelopes, roofs, and cladding applications.

Other building products5 %

Related accessories and specialty products sold alongside core insulation.

Asiakkaat

Rockwool sells primarily to professional customers involved in construction, renovation, and industrial projects. Its buyers typically choose stone wool for fire resistance, thermal efficiency, acoustic comfort, and durability in building-envelope applications. Demand is tied to both new construction activity and retrofit spending, especially in energy-efficiency projects.

Construction contractors

Buy insulation products for residential, commercial, and public building projects.

Distributors and building merchants

Stock and resell Rockwool products through construction supply channels.

Renovation and retrofit market

Purchase products for energy-efficiency upgrades and fire/acoustic improvements.

Industrial end users

Buy technical insulation for plants, utilities, and process applications.

Specifiers and architects

Influence product selection based on performance and compliance requirements.

Strategia

Rockwool’s strategy centers on supplying non-combustible stone wool products that address energy efficiency, fire safety, and acoustic performance in buildings. The group’s competitive position depends on product specification, manufacturing reach, and access to construction and renovation channels across major markets.

Increase demand for stone wool in energy retrofit and new-build marketsKeskipitkä aikaväli

Energy-efficiency standards and fire-safety requirements support product specification.

Protect specification share in professional construction channelsKeskipitkä aikaväli

Contractor and architect preference strongly influences product choice.

Broaden industrial and technical insulation applicationsPitkä aikaväli

These markets can diversify demand beyond residential and commercial construction.

Maantiede

Rockwool is headquartered in Denmark and serves a broad international market with production and sales across Europe and other regions. The annual report excerpt confirms the Russian business was deconsolidated in 2026, highlighting that geography can materially affect the group’s operating footprint and comparability across periods.

Riskit

Rockwool is exposed to cyclical construction demand, raw-material and energy costs, and regional regulatory or geopolitical disruptions. The deconsolidation of Russia also shows that country-specific risks can alter the group’s footprint and make comparisons across years less straightforward.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Construction market cyclicality1Energy and input-cost volatility2Geopolitical disruption3Foreign exchange volatility4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Construction market cyclicalityVaikutus: KorkeaTodennäköisyys: Korkea

    Demand for insulation follows new-build and renovation activity.

    Kohdistuu: Residential and commercial building markets

  2. Energy and input-cost volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Stone wool production is energy-intensive and uses commodity inputs.

    Kohdistuu: Manufacturing cost base

  3. Geopolitical disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Country-specific sanctions or control issues can affect subsidiaries and comparability.

    Kohdistuu: Russia and other cross-border operations

  4. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    The group reports and sells across multiple currencies.

    Kohdistuu: International operations

Kirjanpito

Harkinnanvaraiset erät
Discontinued operation accounting

Russia was deconsolidated and reported separately under IFRS 5.

Vaikutus: Affects comparability of prior-year profit and cash flow figures

Impairment testing

Long-lived manufacturing assets may require write-downs if conditions change.

Vaikutus: Can materially affect operating profit and asset values

Inventory valuation

Stone wool manufacturing uses energy and raw materials with price volatility.

Vaikutus: Can influence gross profit through provisions or reversals

Useful lives of PPE

Depreciation depends on management estimates for plant and equipment lifetimes.

Vaikutus: Affects depreciation expense and carrying values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.10.2026

Rockwool A/S (XCSE) – Building Products & Equipment | Analyysi – Clarifo