ROCKWOOL:  Initiation of Coverage- Power Moves in Europe & North America Are STRONG Positive Signals! 

Rockwool A/S, a prominent player in the insulation industry, reported mixed results for the first quarter of 2025 amidst challenging market conditions. The company’s revenue reached EUR 959 million, reflecting a 4% increase year-over-year, which can be attributed equally to acquisitions made in late 2024 and organic volume growth. The insulation segment was predominantly buoyed by strong performance in North America, offsetting the slowdown in Eastern Europe, particularly in Russia. In contrast, revenue growth in the Systems segment was limited, showing stability in some areas but a decline in Grodan due to lower sales in the North American legal cannabis market.