Earnings increase at Kingspan despite ‘testing environment’

Revenue decreased 2 per cent to just over €4 billion

Gene Murtagh, CEO of Kingspan

Kingspan, the Cavan-based insulation and materials giant, has reported earnings before deductions of €528 million for the first half of this year, a 3 per cent increase on the corresponding period last year.

However, revenue decreased 2 per cent to just over €4 billion, in what chief executive Gene Murtagh described as a “testing environment.”

The company’s trading profit was relatively unchanged at €435.5 million, according to interim results from the group.

Kingspan’s trading margin ...