Kingspan predicts single-digit growth

Cavan-headquartered building insulation specialist Kingspan has said that it is likely to deliver single-digit percentage sales growth for the first half of this year, despite uncertain market conditions.

The group’s management told shareholders at its annual general meeting yesterday that its focus on R&D and proprietary technology, coupled with geographic expansion “should support the further development of the group”.

“The construction environment in our core markets remains stable, albeit uncertain, and it is unlikely that growth will occur in these markets this year,” it said; but added that “market penetration for high-performance insulation and building envelopes continues to build and is a key lever for growth in our business in this environment.”