Rockwool A/S on Wednesday lowered its full-year 2025 forecast, citing a challenging market environment and geopolitical uncertainty.
The Danish stone-wool insulation maker said it now expects full-year revenue to be level with last year in local currencies, revising its previous forecast of low single-digit growth.
The company also adjusted its earnings outlook, saying it now expects an EBIT margin below 16%, compared with a prior expectation of around 16%.
Rockwool said it expects the near-term to be constrained in some key markets, including North America.
The updated guidance was released alongside preliminary second-quarter results, which showed a 19% decrease in earnings before interest and taxes to 153 million euros.
Quarterly revenue fell 2% to 988 million euros, the company said.
For the first half of 2025, revenue reached 1.95 billion euros, an increase of 1%, while EBIT decreased 10% to 307 million euros.
The company maintained its full-year investment forecast of around 450 million euros, excluding acquisitions.
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Danish insulation maker Rockwool A/S on Tuesday lowered its full-year 2025 earnings forecast, citing an unplanned factory closure in Switzerland and challenging market conditions in several key regions.