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...

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