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Rockwool A/S (OTCPK:RKWBF) Q3 2023 Earnings Name Transcript November 23, 2023 5:00 AM ET

Firm Individuals

Thomas Tougher – Director, Group Treasury & IR

Jens Birgersson – President and CEO

Kim Andersen – CFO

Convention Name Individuals

Brijesh Siya – HSBC

Kristian Tornoe – SEB

George Converse – BNP Paribas Exane

Yuri Serov – Redburn Atlantic

Yves Bromehead – Societe Generale

Claus Almer – Nordea

Yassine Touahri – On Area Analysis

Casper Blom – Danske Financial institution

Zaim Beekawa – J.P. Morgan

Kim Andersen

Good day to all people, and welcome to the Rockwool A/S Convention Name relating to the First 9 Months of 2023.

My title is [Kim Andersen] (ph) and I am the CFO of Rockwool A/S. As we speak, I am happy to current CEO, Jens Birgersson. For the primary a part of this name, all individuals shall be in a listen-only mode. As a reminder, this convention name is being recorded. First, Jens Birgersson will undergo our presentation and provide you with an replace on the outcomes for the primary 9 months and the third quarter of 2023. Afterwards, we shall be able to reply all of your questions.

Earlier than I hand over the phrase to Jens Birgersson, I have to ask you to note Slide quantity two, which is the forward-looking assertion. Please bear in mind that this presentation accommodates uncertainties.

Now we are able to go to Slide 3, which is the subsequent — Jens Birgersson, I’ll now hand over the phrase to you.

Jens Birgersson

Thanks, Kim. Thanks, Kim. Let’s skip the year-to-date slide and transfer to Slide 4. Deal with the quarter. So good morning, everybody. Taking a look at this quarter, we had fairly difficult market circumstances in — particularly in Europe, specifically, just a few large markets. However the quarter got here in fairly nicely. So in the event you begin with the highest line, EUR903 million, down 4%. And that slight discount of the highest line versus final yr, which, in fact, wasn’t tremendous troublesome comparable. However

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