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
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 and materials ...