Cavan's Kingspan could repeat €500m spend

Kingspan has the capacity to spend another €500m on acquisitions this year, after seeing a similar spend contribute to a record group performance in 2015.

The Cavan-headquartered international specialist building materials firm yesterday reported a 47% jump in annual revenues, to just under €2.8bn, with post-tax profits up by 79% to €190.6m and earnings per share climbing 70% to 106.7c.

Trading profit was ahead 72% at €256m and the company’s full-year dividend amounts to 25c per share; 54% ahead of 2014 levels.