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    Zaim Beekawa

    Research Analyst at JPMorgan Chase & Co.

    Zaim Beekawa is Vice President, Equity Research at JPMorgan Chase & Co., specializing in European building, construction, and infrastructure sectors. He covers listed companies in these industries, including in-depth analysis of housing trends and regulatory impacts in markets such as the UK, Japan, and China. Promoted to Vice President in January 2023, Beekawa brings a research-driven approach and contributes insights to global institutional clients. His professional background includes a steady progression through JPMorgan’s analyst ranks and advanced sector specialization, though additional details on licenses and prior employers are not publicly available.

    Zaim Beekawa's questions to Rockwool A/S/ADR (RCWBY) leadership

    Zaim Beekawa's questions to Rockwool A/S/ADR (RCWBY) leadership • Q1 2025

    Question

    Zaim Beekawa of JPMorgan Chase & Co. questioned the magnitude and drivers of pricing pressure in France and asked whether the strong performance in North America was due to pull-forward demand ahead of price increases, as well as the outlook for Q2 trends in that market.

    Answer

    CEO Jes Hansen clarified that the strong U.S. performance is driven by market share gains, not pull-forward demand, and that the company has a healthy pipeline despite some project delays. Regarding France, he explained the price pressure is nuanced, primarily in the professional flat roof and sandwich panel segments, and amounts to about a percentage point on average, requiring tactical, project-by-project adjustments.

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    Zaim Beekawa's questions to Rockwool A/S/ADR (RCWBY) leadership • Q1 2025

    Question

    Asked about the extent of pricing pressure in France and whether the strong North American performance was due to demand pull-forward ahead of price hikes.

    Answer

    The U.S. growth is driven by market share gains, not pull-forward demand. In France, price pressure is tactical, project-specific in professional segments, and averages about a 1% price impact.

    Ask Fintool Equity Research AI