Construction News

20/06/2022

Kingspan Anticipates Record €415m Trading Profit

Irish building materials group Kingspan is preparing to reveal its results for the first half of 2022.

The firm expects to report a record H1 2022 trading profit in the region of €415 million, strongly ahead of the €329m reported for the first half of 2021. These results will be unveiled on 19 August.

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The mood in most end markets has deteriorated over the last two months with order intake volume down significantly on the May and June period in 2021 although ahead versus the same period in 2019. Kingspan's global backlog of orders on hand in Insulated Panels is down 2% in volume at the end of May having been 19% ahead at the end of March.

Kingspan is positioned strongly overall for medium term and beyond given the global focus on energy efficiency, high performance product suite, distinctive Planet Passionate agenda and diversity of end markets.

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