Kingspan predicts €750m full-year operating profit in trading update

The insulations company said a swell in demand at the start of this year buoyed its results for the nine months up to September

8th November, 2021
Kingspan predicts €750m full-year operating profit in trading update
The company, lead by chief executive Gene Murtagh, comfortably beat analyst expectations in its latest trading update. Picture: Rolling News

Kingspan expects to deliver a full year trading profit in the region of €750 million, significantly ahead of the €508.2 million it recorded in 2020 and beating out analyst expectations by an average of 9 per cent.

In late August of this year, Davy stockbrokers forecasted the group’s full-year profits at about €700 million following what it called a period of “exceptional performance” by Kingspan reflected in its half-year results.

The Cavan-based insulation...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

What to do if you suspect an employee of double jobbing

Confidence in global economy reaches 10-year high - PwC report