Companies

Kingspan to report record profits for the first half of this year

The company said market and category performances have varied ‘widely’

Gene Murtagh, chief executive of Kingspan, Picture: Naoise Culhane Photography

Kingspan, the insulation and materials giant, expects to report a record a trading profit in the region of €435 million for the first half of this year.

The profit will be “modestly” ahead of the €434 million reported for the first half of 2022, according to a trading update from the group.

The company said market and category performances have varied “widely” with the Americas “overall outpacing European activity”.

It added that certain applications are ...