Building solutions group Kingspan beats targets despite Brexit concerns

Building solutions group Kingspan is eyeing 15% higher annual revenues this year — which would see it comfortably breach the €3bn mark — on the back of a record first half and a better-than-expected performance by its UK operations in the immediate aftermath of June’s Brexit vote.

However, the company’s share movement of late suggests there remains some concern over what long-term effect Brexit may have on the stock.

Kingspan’s shares rose by nearly 6%, to €24.10 yesterday on the back of the strong results, but are still down from the €25.10 mark they were at the turn of the year and are still below their similar pre-Brexit vote level.