Kingspan’s sales fall in ‘sluggish’ first quarter as it announces share buyback

Kingspan, the insulation and materials giant, said it had a “sluggish” start to the year as sales fell, but is aiming to keep investors onside with a 1.5 million share buyback program.

The firm, which is hosting its annual general meeting (AGM) on Friday morning, said sales approached €2 billion in the first three months of the year, which was 1 per cent behind 2023. Excluding new or discontinued business, the like-for-like fall was 8 ...