Kingspan forecasting a ‘strong’ first-half performance

Kingspan has reported a near 30% increase in group sales for the first four months of the year, driven by favourable currency movements and strong performances in its core markets of the UK and north America.

The Cavan-headquartered international specialist building materials/ insulation products provider said, yesterday, that sales in the year to date have reached €719m, 28% ahead of the same period last year.

It said that underlying profitability has been strong, “complemented further by favourable translation, reflecting euro/sterling and euro/ dollar exchange rates, which are significantly better than the average rates of the last 10 years.”