Rockwool (ROCK) AGM 2026 summary

Opening remarks and agenda

• AGM was lawfully convened and quorate, with 74% of votes and 69% of capital represented.

• Covered board report, annual report adoption, remuneration, profit allocation, board elections, auditor appointment, and shareholder proposals.

• Agenda included standard items, plus proposals to authorize share buybacks and reduce share capital.

Financial performance review

• Group revenue for 2025 was just under EUR 3.9 billion, up 0.6% reported and 2.7% in local currencies excluding Russia.

• EBIT before Russian impairment was EUR 570 million (14.7% margin), down 2.8 percentage points; net profit before adjustment was EUR 438 million.

• Russian asset write-down of EUR 392 million led to a net profit of EUR 28 million.

• Insulation segment grew 1.5% to EUR 3.2 billion (83% of turnover); Systems segment revenue fell 0.5%.

• Regional growth strongest in North America (+5.0%) and Western Europe (+1.5%), with declines in Eastern Europe and Asia.

Board and executive committee updates

• Board and executive remuneration for 2025 totaled EUR 844,000 and EUR 4.3 million, respectively, in line with policy; proposed further 3.2% increase for 2026/2027.

• Board self-assessment found composition appropriate for long-term value creation.

• Board members have extensive experience in management, ESG, and international business.

• All current board members and auditor PwC were reelected.

• Board elections included both shareholder and employee representatives.