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
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 ...