Company Watch

Kingspan’s acquisitions set to add €35m to profits in 2023

The Cavan-based group’s trading profit of €432.2 million for the first half of 2022 is up by 32 per cent on the year before

Gene Murtagh, chief executive of Kingspan: ‘Despite a challenging trading environment, Kingspan delivered record half-year results, with revenues over €4 billion for the first time’. Picture: Naoise Culhane Photography

Kingspan, the insulation and materials giant, expects acquisitions it has made so far this year to contribute around €35 million to profits in 2023.

The company invested a total of €522 million in M&A and capital expenditure in the first half of 2022.

It forecasts M&A to add approximately €140 million to sales in the second half of this year, which should lead to €13 million in increased trading profit for 2022, according to Geoff ...