Annual Report 2024
ROCKWOOL’s good performance in both revenue and earnings reflects the Group’s ability to adapt to different economic environments, manage costs and price, and adjust our operational business to the conditions at hand.
Revenue for 2024 was 3,855 MEUR, up six percent in local currencies compared to 2023, excluding a minor impact from the two acquisitions made during fourth quarter 2024. Broadly, key markets in Europe and North America delivered good volume growth, which contributed to driving the revenue results.
We are pleased with the Group’s overall profitability, with the EBIT margin ending at 17.5 percent, up 3.2 percentage points compared to
Political uncertainty is likely to continue in some of our main markets. However, we expect a continuation of the market dynamics we saw in 2024 characterised by generally slow growth in the European construction sector, modest growth in North America, and pockets of isolated growth in Asia.
Despite political, market and economic uncertainties the outlook for 2025 revenue is a low single-digit percentage growth (in local currencies) with an EBIT margin around 16 percent for 2025.
