Kingspan’s turnover rises for first time in three years

KINGSPAN, a supplier of insulated panels and other products to the construction industry, has boosted turnover for the first time in three years.

Results for the year to end December 2010 shows turnover rose 6% to €1.193 billion from €1.125.5bn in the previous year.

EBITDA, which excludes interest charges, taxation and amortisation, a key barometer of group performance, rose 5% to €107.6 million while operating profit of €67.4m showed an increase of 8% over the 12 months.