Kingspan set for strong year after stellar first half

Analysts are anticipating a near €100m jump in annual trading profits for Kingspan, this year, following what the company itself called “an exceptionally strong start to the year”.

The Cavan-based international building insulation specialist yesterday reported a near 40% year-on-year increase in first-half revenues, to €1.24bn; with trading profit, for the six months to the end of June, up by 61% to almost €112m.

While “solid” organic growth was noted, acquisitions contributed 26% to sales growth and 31% to trading profit growth in the period.