Kingspan shares rise 2% as chairman tells of sales surge
Chairman and former chief executive Eugene Murtagh told shareholders at the annual general meeting that sales in the first four months of the year were well ahead of the same period last year.
“This reflects strong underlying volume growth across the main product groups and the ability to pass on raw material price increases in a timely fashion,” said Mr Murtagh, who stepped down as chief executive earlier this year to make way for his son, Gene Murtagh Jnr. The Murtagh family owns about 30% of the company, which is valued at €1.5 billion. The company has benefited in recent years from the building boom in Ireland and Britain.
