Kingspan expects increased revenues

KINGSPAN has “identified over €500 million in ‘new’ revenues to chase”, according to Davy Stockbrokers.

Davy analyst Florence O’Donoghue said a recent site visit to two of the company’s British production units gave them exposure to roughly 50% of this potential.

“We were encouraged by what we saw. Clearly, there is a lot of work being undertaken at present that has yet to flow through to the earnings stream. The group continues to take a pro-active approach to product development, its regulatory environment and cost leadership,” he said.