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    Kristian Tornøe Johansen

    Research Analyst at SEB

    Kristian Tornøe Johansen is an Equity Analyst at SEB, specializing in the coverage of renewable energy companies, with a focus on firms like Vestas. His analysis spans market trends and company-specific developments within the clean energy sector, often providing insight utilized by institutional investors. Johansen has built his career at SEB, leveraging a strong research background and sector knowledge, though detailed information on prior experience, individual performance metrics, or professional credentials such as FINRA licenses is not publicly available. He is recognized within European equity research circles for his expertise in energy and sustainability portfolios.

    Kristian Tornøe Johansen's questions to RCWLY leadership

    Kristian Tornøe Johansen's questions to RCWLY leadership • Q3 2024

    Question

    Asked for clarification on the growth slowdown in Eastern Europe, the seemingly mixed signals on pricing, the expected level of price increases for the next year, the outlook for the Grodan business, and the comparison basis for December sales.

    Answer

    The slowdown in Eastern Europe is due to a mix of factors including reduced building activity and price pressure from foam competitors, though ROCKWOOL is holding its prices. The overall Q3 price increase of 2% was driven by an 8% hike in North America, while other markets like Eastern Europe and France saw price pressure. A 2-3% average price increase is planned for next year. The negative mix in the Grodan business is not expected to continue in Q4. December of the previous year was a normal December, with sales typically 25-30% lower due to holidays.

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